Biotech Blues

Langreth, Robert
January 2009
Forbes Asia;1/12/2009, Vol. 5 Issue 1, p35
The article reports on the impact of economic downturn on the biotechnology industry in the U.S. It is stated that two dozen of biotechnology companies have announced layoffs in last two months of 2008, while others are closing down nonessential programs in a desperate bid to survive. The industry has joined the list of supplicants hoping for a federal bailout of sorts in the country.


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