The hunter or the hunted

The great question for all drug discovery platform technology companies is whether they will be the hunters or the hunted - as the consolidators that absorb other companies' technologies, or as the targets of takeover.

The service company business model depends on partnerships and a continually growing customer base for an enabling technology product. In contrast to companies that develop pharmaceuticals, however, service providers have a limit on their potential market that may restrict their ability to remain independent - particularly in light of the continuing consolidation in

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