The Burrill Report (October 23, 2009): Biotech Investor Gather with Eye Toward Better Times (.MP3,9.2 Mb)
When the annual BIO Investor Forum was held a year ago, the financial world was reeling. It was a grim time for the biotech sector as share prices fell, the environment for raising money was as bad as it's ever been, and companies cut employees and programs in an effort to forge strategies for survival. What a difference a year makes. As the industry returns to San Francisco for the forum this year, which runs October 28 and 29 at the Palace Hotel, stocks have lifted, money is flowing again into the sector, and clinical successes are fueling optimism. We spoke to Jim Greenwood, president and CEO of the Biotechnology Industry Organization, about this year’s forum, how far we’ve come in the past year, and what case there is to be made for investing in the sector today.
October 24, 2009