The pharmaceutical industry is experiencing a deepening productivity crisis. The industry’s preferred escape mechanism from this predicament has been to increase investment in current business activities – primarily R&D and sales – to sustain productivity levels or, ideally, to exploit economies of scale. This has been implemented through organic growth of critical resources and/or M&A. The fact that productivity continues to decline after a decade of vigorous growth in investment levels, and against a background of increasing company size, bears testament to the fallibility of this strategy.
Pharma Financial Squeeze Bodes Ill for Genomics
‘Caution: Tougher Times Ahead’ may be an apt sign for biotech in general and genomics in particular, according to a panel of leading venture capitalists.
DeCode’s Genetic Breakthrough Barely Registers
DeCode Genetics published an important genetic map–assembled by methods very different from those used to create the sequence of the human genome–that will make it much easier for scientists to hunt down new genes linked to disease. But DeCode’s stock continues to languish.
Celera abandons gene sequencing
The company that shared the glory for unravelling the code of life of human beings has turned its back on gene sequencing. Celera Genomics of Rockville, Maryland, announced this week that it is to develop drugs instead
Two major reports highlight the globalization of biotechnology and the battle within the U.S. for regional supremacy
Where the Biotech Bets Are
John McCamant of The Medical Technology Stock Letter tells where he’s making his in this poorly performing sector.
Biotech lobbyists’ clout grows in Washington
The Biotechnology Industry Organization is still unpacking from its move into a bigger office a few blocks from the White House, underscoring the outfit’s rapid climb to lobbying juggernaut status.
Gene Doping Threatens to Transform Sports
“If it does take off, sport as we know it will disappear”
FDA Acts To Speed Bioterror Medicines
Responding to the threat of anthrax and other forms of chemical and biological terrorism, the Food and Drug Administration adopted new rules yesterday that will speed the approval of drugs that could protect people from attacks.
A Challenge to Science and Nature
A new journal will challenge publishing behemoths such as Science, Nature and Cell by offering free access to research articles immediately upon publication on the Web.