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BioWorld-Insight-2002-01-07
Public Financing of Biotechnology: December 2001
Investors Turn More Cautious, Sober Up After Financing 'Party'
After 2000's boom, which brought about a nearly hysterical financial ride for the industry, almost anything would have looked worse. Investors sniffing big profits down the road had jumped aboard the human genome-mapping bandwagon in 2000 with dot-commish glee, which sent valuations rocketing to heights that caused seasoned observers to shake their heads.