Question
Need help in rewriting this in my own words please North American Industry Classification Systems (NAICS) Code The NAICS code for our business is 541715
Need help in rewriting this in my own words please
North American Industry Classification Systems (NAICS) Code
The NAICS code for our business is 541715 which is the research and development in
the physical, engineering, and life sciences, not including nanotechnology and biotechnology.
This NACIS code is included business involvement in research and development in a full range
of issues including, health, pharmacy, medicine, and much more. Finding potential buyers using
this code will be simple, this code lists other businesses that are registered in the same category
making it easier to find top competitors and a list of buyers.
Top Competitors:
Finding top competitors was fairly simple, I sorted all businesses by their NAICS code,
541715, and their SIC code 8731, which is commercial physical and biological research, I made
sure to filter only companies that are located in the Midwest. After filtering the location to only
the Midwest, I expanded the search to companies across the US, I looked at the industry coding
and companies that specialized in the oncology research field. By assuring that we are looking at
companies in the oncology field this will ensure that our research would be a benefit to these
companies.
Aside from just looking into the oncology research field, I considered looking at
companies that were just testing and manufacturing, but I decided not to continue because if
there was an acquisition with any of those companies there would potentially be a lot of layoffs
in the research and development team. The three top competitors I have chosen for our company
are:
1.) GeoVax Labs located in Smyra GA
2.) Exicure Inc located in Chicago IL
3.) Benitech Biopharma Inc located in Hayward Ca
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