Sprague Word

The future and more from Richard Sprague

Posted by sprague on May 20, 2004

Biotech investing is one great big casiono: WSJ.com – Biotech’s Dismal Bottom Line: More Than $40 Billion in Losses

But is this the entire story? I wonder if the estimate counts drugs or discoveries that end up being sold to Big Pharma and move ahead profitably after that. If a biotech company is purchased by an “ordinary” drug firm, does this index consider that to be the end of the biotech part of that story?

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