Biotech stocks show indication of rebounding
Biotechnology stocks, down sharply since late last year because of a raft of bad news, appeared to begin a comeback last week as clinical trials results were leaked in advance of a major scientific meeting.
Chinese cloning control required
Strict ethical guidelines are needed in China to calm public fears about new cell technologies such as cloning, one of the country’s leading scientists has said.
Veteran biotech investors offer tips from trenches
These market-hardened biotech investors made three basic recommendations: be patient, take profit when you can, and don’t believe hype. Although this may sound like Investing 101, their lessons have the added credibility of being based on real life.
Genome Group Rips Human Cloning
Scientists at the Human Genome Organization have condemned plans for human cloning, saying it raises deep concerns over moral issues and arguing that the technology was far from mature and its side effects were unknown.
As Pipelines Wither, Pharma and FDA Explore Whether Microarrays are Ready for Primetime
When can the pharmaceutical industry start trusting the technology? When should it make the leap from investigative, experimental technique to industry standard? And should the FDA start using microarray data to make critical decisions about the safety and efficacy of new drugs?
Research ‘leak’ hits Genentech
Genentech’s shares dropped 12.5 per cent after details of the biotechnology company’s research abstracts for next month’s American Society of Clinical Oncology appeared to have been leaked.
As Tony White Reads Resumes, Industry Buzzes Around Core Four
It’s been two-and-a-half months since J. Craig walked away from Celera and Applera chief Tony White is still skimming resumes. Though Celera has been characteristically mum about potential prospects or their status, an initial shortlist of four likely candidates compiled by GenomeWeb from interviews with people close to the search may have evolved a bit.
President Presses Senate to Ban All Human Cloning
Declaring that “life is a creation, not a commodity,” Bush pressed the Democratic Senate to adopt legislation that would outlaw the cloning of microscopic human embryos for research into new medical therapies, in addition to outlawing the creation of cloned babies.
7 drug makers unveil elderly discounts
Under pressure from consumers and lawmakers over drug prices, Abbott Laboratories and six other manufacturers are launching a discount card for seniors that would lop 20 percent to 40 percent off the price of more than 130 commonly prescribed medicines.
Survival of fittest is new mode for biotechs
Consolidation won’t slow, and that’s no bad thing, industry watchers say