The Internet Economy; Biotech Style
Euphoria reigned at the Chase H&Q annual health care conference. Biotechs that seemed unable to buy an audience last year presented to rooms so crowded that breathing itself was difficult. To some extent, the biotechs, particularly the genomics companies, were benefiting from the rotation of investors out of the Internet. But something else was afoot: the Internet way of valuing companies had come to biotech. In particular, the biotechs are no longer being valued according to some basic earnings model, but--like the Internet plays--on their potential to dominate their niches, and then use their financial power, as reflected in their share prices, to consolidate to themselves other and harder assets.
You may also be interested in...
The US agency has released a document explaining what COVID-19 testing supplies may be substituted.
Marketing consultant Buzzback surveyed 800 consumers in March, prior to novel coronavirus shutdowns in the two countries, to identify ingredients that offer opportunities for brands in health care, wellness and skin care.
AstraZeneca and Accent Therapeutics will jointly discover, develop and commercialize novel therapeutics targeting RNA-modifying proteins for the treatment of cancer.