Genentech, the big biotech out of California’s Bay Area, announced today its profits were up, which helped the larger market:
http://news.moneycentral.msn.com/breaking/breakingnewsarticle.asp?feed=OBR&Date=20050411&ID=4360868
However, an Australian-based company announced it was canceling tests on a drug for Alzheimer’s disease:
http://www.marketwatch.com/news/story.asp?guid=%7B9CA60035-7A7D-4D73-A48C-236AFCD0F98C%7D&siteid=mktw
And here’s a story from India about a keynote speech that focused on how biotech might be used to help improve the lives of the poor. It’s a subject I haven’t yet heard at the biotech business conferences here:
http://cities.expressindia.com/fullstory.php?newsid=124700
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