TITLE

Biotech Profits Grow $3.7B

AUTHOR(S)
Koroneos, George
PUB. DATE
May 2010
SOURCE
Pharmaceutical Executive;May2010, Vol. 30 Issue 5, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of biologics sector in the U.S. According to Ernst & Young Inc., the industry posted a 3.7 billion dollars increase in profits in 2009 after suffering a 1.8 billion dollars loss in 2008. However, revenue decreased by 9% to 79 billion dollars in the wake of Genentech Inc.'s' acquisition by Roche.
ACCESSION #
51017321

 

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