Money & Finances

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• Biotechnology companies raised $5.5 billion in the second quarter, less than half of the $12 billion raised in the first quarter, said merchant bank Burrill & Co.

Burrill attributed the drop to the sell-off caused by the Clinton-Blair comments in March and the crash of technology stocks in general, which occurred during the quarter.

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A fire at a Manchester hospital may have destroyed lab equipment and data, the Guardian reports.

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