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As Allen explains, the joint venture approach means TfL sharing the risks as well as the possible profits.
But all those companies have what most biotechnology companies lack: drugs that are close to reaching the market, and possible profits.
Perhaps the most troublesome aspect of campus commercialization is that research decisions are now being based on possible profits, not on the inherent value of knowledge.
But the conversion would require a majority vote of the unit owners, and despite the enticement of possible profits, a great deal of confusion and opposition has arisen.
On the other side, producers like the Newmont Mining Corporation say that hedging amounts to a bet against their product, limiting the possible profits as well as the possible losses, and making gold stocks less attractive to investors.
It may not be that many years before some banker concludes the possible profits from speculative trading are attractive enough to justify trying to get around a rule whose enforcement no longer seems to be a priority.
Similar(41)
The difference between Trinity and Tindle is that the former is a public company required to return the best possible profit to its shareholders while the latter is a private company which, although profitable, does not have to maximise margins each successive year.
Possible profit.
Securities regulators contributed to the problem, frowning on boom-time reserve-building as possible profit-smoothing in disguise.
So a project with a huge possible profit may seem attractive even if a big loss is also possible, or even probable.
"In a race to make the biggest possible profit, employment laws are being routinely ignored," said Nick Kightley, the ETI's food and farming adviser.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com