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Biotech buyout action likely to continue (AP via Yahoo! Finance)
A buyout bull's-eye will likely remain on biotechnology companies over the next few years as major pharmaceutical companies continue taking advantage of a weak dollar and a surplus of cash to buy pipeline additions.
Wed, 20 Aug 2008 15:41:33 GMT
Biotech Avalon posts $5.6M loss, cuts jobs (Gazette.Net)
Avalon Pharmaceuticals, a Germantown biotech that develops cancer treatments, is slashing its workforce by one-third, as the company lost $5.6 million in the second quarter, reducing its cash and securities to $16.7 million.
Wed, 20 Aug 2008 05:53:49 GMT
Fueling the Drug Discovery Engine: Biotech Investment and Business Trends (Centre Daily Times)
Research and Markets (http://www.researchandmarkets.com/research/30e8bd/fueling_the_drug_d) has announced the addition of Decision Resources, Inc.'s new report "Fueling the Drug Discovery Engine: Biotech Investment and Business Trends" to their offering.
Thu, 21 Aug 2008 09:38:06 GMT
Fueling the Drug Discovery Engine: Biotech Investment and Business Trends (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of Decision Resources, Inc.'s new report "Fueling the Drug Discovery Engine: Biotech Investment and Business Trends" to their offering.
Thu, 21 Aug 2008 09:11:00 GMT
Montgomery snares a biotech (Gazette.Net)
A Wisconsin biotechnology company is moving its headquarters to Gaithersburg and plans to about double its workforce to 80 employees within two years.
Wed, 20 Aug 2008 19:08:39 GMT
Biotech firm granted six-year tax freeze (Memphis Commercial Appeal)
A Seattle-based crop biotechnology company moved one step closer to expanding its operations into Shelby County thanks to a tax freeze approved Wednesday.
Thu, 21 Aug 2008 05:08:58 GMT
Mohali gets Biotech institute, bioprocessing unit (New Kerala)
New Delhi, Aug 21 : The Union Cabinet today okayed setting up of a National Agri-Food Biotechnology Institute and a bioprocessing unit in Knowledge City at Mohali in Punjab at a cost of Rs 380 crore by 2012-13.
Thu, 21 Aug 2008 10:52:54 GMT
Foxboro biotech facing cash woe (The Sun Chronicle)
FOXBORO - One of the brightest stars in Massachusetts' biotechnology industry could be threatened with bankruptcy if it cannot generate cash to continue operations beyond this fall.
Thu, 21 Aug 2008 08:05:41 GMT
Hexal Founders Plan to Invest in German Biotech, Manager Says (Bloomberg.com)
Aug. 20 (Bloomberg) -- Andreas and Thomas Struengmann, co- founders of the German generic-drug maker bought by Novartis AG, have earmarked 500 million euros ($737 million) to spend on German biotechnology companies, Manager magazine reported.
Wed, 20 Aug 2008 09:26:43 GMT
Lee to direct biotech institute (The News Journal)
A chemical engineering professor at the University of Delaware has been named the new director of the Delaware Biotechnology Institute.
Wed, 20 Aug 2008 07:54:27 GMT
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