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One Quarter of Public Biotech Companies Shut Doors Since 4Q 2007

By Donald Zuhn, Kevin Noonan, Chris Singer, Sherri Oslick, and Jason Derry

By Donald Zuhn -- At last week's BIO Investor Forum, the Biotechnology Industry Organization (BIO) announced that the number of publicly traded biotech companies dropped from 394 in the fourth quarter of 2007 to only 294 by the second quarter of 2010. The net loss of 100 biotech companies (or 25% of the sector's publicly traded companies) during this two and a half year period was the result of 52 companies that ceased operations, 62 companies that were acquired, and only 14 new initial public offerings (IPOs). These findings were among those offered by Dr. John Craighead, the Managing Director...

Full post as published by Patent Docs on October 12, 2010 (boomark / email).