fate of biotech?
Richard Van Frank
vanfrank at iquest.net
Tue Apr 23 21:18:38 EST 1996
In article <4lh8tf$o95 at carbon.cudenver.edu>,
lreed at carbon.cudenver.edu (Lynn Reed) wrote:
>Is it my imagination or are many biotech companies being bought by
conglomerates? Do they have the fate of the family owned farm? Is that bad?
Small biotechs are not family farms. They are bought up because they need money
to do clinical trials and resources to get products to market. Many of these
products do not have broad use, not like antibiotics. It takes alot of money to
get a drug to the market.
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