Although Devine's theme was slated to be "Exiting Strategies for Biotech Companies," he joked at the start of his speech that "survival strategies" might be a more relevant topic given the currently moribund public offering markets
Jeffrey M. Ostrove, senior vice president and chief scientific officer of Magenta Corp., Rockville, Md., a company which performs safety- related contracting for biotech companies told BioWorld that those types of buildings "require constraints such as seamless flooring and ceiling, epoxy paint, and special air filtering capable of discriminating particles of less than 4 nanometers in diameter, and different air pressures
But the stereotypical approach of hiring slick lobbyists to dole out money from political action committees (PACs) is not an option for most unprofitable, cash-starved biotech companies...Biotech companies are now scattered across 47 states, giving them a potential audience with nearly all of the 535 members of Congress
The appeal comes from the Senior Advisory Group on Biotechnology (SAGB), whose members (with combined sales of more than $300 million) are drawn from the ranks of Europe's leading biotech companies...Specific proposals in the white paper include the recommendation that Europe's stock exchanges make it easier for biotech companies to gain listings
Not surprisingly, Genentech's PAC methodically targets politicians on committees who are key to health care reform legislation, intellectual property and patent laws, science and technology issues and the federal budget. (See the chart, p. 4.) "Genentech has been far and away the most aggressive biotech company in D.C.," said Tom Rankin, public affairs manager at Immunex and administrator of his company's PAC
Collaboration between big pharmaceutical companies and small biotech companies with big ideas has become a trend...Instead of a royalty in return for worldwide rights, we are now seeing much richer terms for biotech companies
WORCESTER, Mass. - Nearly 350 people crowded into a circus- style tent here on Wednesday, erected next to the newest and largest, biotechnology research and development facility in this state, which already boasts of a 149-biotech-company community
And Feldbaum said the executive of a mid-size biotech company scouting out sites for a manufacturing facility in Maryland was greeted recently at the airport by the state's secretary of commerce, spent three hours chatting with the mayor of the city where the plant might be built and had dinner with the governor...The topic: how New Jersey could creatively attract biotech companies
expects to plug the investment gap for biotech companies that have already gained a stock exchange listing...This means that around 70 percent of the money could end up in biotech companies in North America
He noted that the patent office, declaring an "interference," has denied some biotech companies patents when two similar discoveries have been made within six months of each other
According to the latest BioIndex from accountants Arthur Andersen, biotech companies have also done better than either the pharmaceutical companies or health care sector so far in 1994...Nonetheless there has been a decline in the Andersen BioIndex, which tracks the market capitalization of biotech companies quoted on the London Stock Exchange
Although Devine's theme was slated to be "Exiting Strategies for Biotech Companies," he joked at the start of his speech that "survival strategies" might be a more relevant topic given the currently moribund public offering markets