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Biotech Financing In 1998 Separated The Haves’' From The Have-Nots’'

 

By Jennifer Van Brunt

 

Business Editor

Never in the 20-year history of the biotechnology industry has there been such a sharp distinction between the 'haves' and the 'have-nots.' As 1998 progressed from what looked like a good year for the funding of biotechnology companies to what became a severe financing crisis, it widened the chasm that separates the companies at the top of the sector from those at the bottom.

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