True. The key decision facing Torrey Nano was whether it should vertically integrate backward into research and development.

Backward vertical integration refers to a company expanding its operations by taking control of activities earlier in the supply chain, such as research and development. Torrey Nano, facing this decision, was considering whether it should invest in its own research and development capabilities rather than relying on external sources.

This decision would have significant implications for the company's control over innovation, intellectual property, and the ability to develop new products and technologies. Assessing the benefits and drawbacks of backward vertical integration would have been crucial in determining Torrey Nano's strategic direction and future growth potential.