Welcome to your interview.
The question is on your right: Biopharma Business Model Basics. Take a moment with it first.
Talk your thinking through with me if you like - when you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes). Discussion and graded submissions share your five interviewer interactions, so spend them well.
How would you explain the basic business model of a biopharmaceutical firm, including the high cost of R&D and the phases of clinical trials, in the context of Vertex Pharmaceuticals?