Paola Olimpia Achard – Department of Industrial and Information Engineering and Economics, University of L’Aquila, Giuseppe Mezzanotte St., 67100, L’Aquila, Italy

Chiara Bellini – Department of Industrial and Information Engineering and Economics, University of L’Aquila, Giuseppe Mezzanotte St., 67100, L’Aquila, Italy

Keywords:                    Biotech industry;
Collaboration strategies;
International business;
Sustainable competitive


Abstract: Global-scale competition is based on the ability to generate inno­vation, particularly in knowledge-intensive sectors such as healthcare, bio­tech, and pharmaceuticals. The purpose of this paper is to analyze the collab­orative strategies pursued by European biotech firms, as preferential ways to promote the innovation processes necessary for value creation. The method­ology followed consists of the strategic analysis of European biotech firms to highlight value creation pathways. The main result of the study is the obser­vation that the pursuit of a position of sustainable competitive advantage de­rives from the ability of European biotech firms to establish different and ar­ticulated strategic relationships of a collaborative nature.

9th International Scientific ERAZ Conference – ERAZ 2023 – Selected Papers: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, hybrid – online, virtually and in person, Prague, Czech Republic, June 1, 2023

ERAZ Selected Papers published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2023 Selected Papers: ISBN 978-86-80194-73-8, ISSN 2683-5568, DOI:

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License ( which permits non-commercial use, reproduction and distribution of the work without further permission. 

Suggested citation

Achard, P. A., & Bellini, C. (2023). Value Creation Processes in the European Biotech Industry: The Role of Collaboration Strategies. In V. Bevanda (Ed.), ERAZ Conference – Knowlegde Based Sustainable Development: Vol 9. Selected Papers (pp. 63-72). Association of Economists and Managers of the Balkans.


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