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What is the purpose and goal of strategic alliances in the biotechnology sector? Group of answer choices To collaborate with competitors on all research projects

What is the purpose and goal of strategic alliances in the biotechnology sector? Group of answer choices To collaborate with competitors on all research projects indiscriminately. To leverage complementary strengths, resources, and expertise for mutual benefit, often leading to enhanced innovation and market presence. To focus solely on academic research without commercial intentions. To reduce the overall workforce and operational costs in biotech companies

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