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Plan for Long Haul, Analyst Warns

Vital Therapies Files $86M IPO; Cycle ‘Sure To Turn,’ but When?

By Randy Osborne
Staff Writer

Monday, October 14, 2013
“Caveat emptor” is a warning hardly needed by seasoned investors in biotech, many of whom understand the failure-fraught industry and are cautious buyers, when they can be persuaded to buy at all.

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