Biotech industry in survival mode

Biotech industry in survival mode
Restructuring, retrenching and reinventing themselves, Bay Area biotechnology firms are adapting to weather the economic downturn.

“We’ve noticed (biotech companies) will abandon one or two research products and in the process may have discovered something of more use, readjusting their core competency to find something marketable today, rather than long term”

Biotechblog
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