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Partnerships Between Startup Firms and Big Pharma Fueled 85% Increase in Biotech Funding in 2009

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

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By James DeGiulio -- Industry investor and analyst Steven Burrill (at right), CEO of Burrill & Co., reports that a record $55.8 billion was raised by the biotech industry in 2009, which constitutes an 85 percent increase over the $30.1 billion recorded in 2008. Mr. Burrill noted that these results were driven by $37 billion in financial partnerships between large drug companies and biotech startups, but warned startups that licensing their most promising developments will ultimately lead to long-term limits on company growth. "You're not going to grow a lot more Genentechs or Amgens," Mr. Burrill said. His comments regarding...

Full post as published by Patent Docs on January 14, 2010 (boomark / email).

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