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We Suggest the Head-in-the-Sand Approach

May 21, 2008

GTO recommends the first few paragraphs of this story from the San Francisco Chronicle, which covers Ernst & Young's recent report on the biotech industry. "Financing from all sources topped $21.3 billion for U.S. biotech companies in 2007, and the $5.5 billion contributed by venture capital firms beat the record set in the heady year of 2000," according to the article.

But if you must venture past the beginning of the story, brace yourself for less rosy stats: E&Y's life sciences director says there could be tough times ahead, and that the biotech sector has raised 60 percent less so far this year than it did last year.

 

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