Closed Doors, Open Leads: The Strategic Logic Behind Biotech's Most Guarded Laboratories
A growing body of evidence suggests that America's most secretive biotech firms are advancing their pipelines faster than their openly collaborative counterparts—a finding that challenges the industry's loudly proclaimed commitment to shared science. This investigation examines how strategic information asymmetry functions as a competitive instrument, and what its quiet dominance reveals about the unresolved tension between open-science idealism and the commercial realities that actually govern