Passage:
In the early 1990s, several small biotechnology firms shifted their focus to developing proprietary commercial drugs. However, conducting clinical trials required substantial capital that these firms did not possess internally, forcing them to seek venture capital financing. As a result, every small biotechnology firm that successfully brought a proprietary drug to market during this era had secured venture capital funding.
Statement:
Based on the passage, a small biotechnology firm in the early 1990s that failed to obtain venture capital funding would have been unable to bring a proprietary drug to market.
Answer: Answer
Answer
True
The statement is true because the passage presents a complete causal chain: small firms lacked capital for clinical trials, had to rely on venture capital, and ultimately every firm that brought a drug to market had secured venture capital. Synthesizing these details confirms that lacking venture capital precluded bringing a drug to market.
Step-by-Step Solution
Key Concept
Multi-Sentence Synthesis Inferences