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Patent Law

: Patent Docs

Bio-irony: Biotech Turns a Profit in 2008

By Donald Zuhn, Kevin Noonan, Chris Singer, Sherri Oslick, and Jason Derry

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By Kevin E. Noonan -- In an ironic twist, the worst economic downturn in over seventy years seems to have coincided with an economic first: according to G. Steven Burrill (at right), CEO of Burrill & Co., in 2008, the biotechnology industry became profitable for the first time in its forty-year history (see FierceBiotech report). In "Biotech 2009: Life Sciences: Navigating the Sea Change," Mr. Burrill reports that two companies, Amgen and Genentech, account for "a big reason" why the sector was profitable. And most of the companies in the sector remain "works in progress" that need the "umbilical cord"...

Full post as published by Patent Docs on February 27, 2009 (boomark / email).

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