Re: [Pen-l] Crop Scientists Say Biotechnology Seed Companies AreThwarting Research

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

I hope you are right.

On Sun, Feb 22, 2009 at 08:54:53PM -0000, Simon Ward wrote:
> The Biotech model is experiencing severe problems at present given that 
> it's built on credit secured on the promise of future earnings. With drugs 
> being pressured both by genetrics and by a seeming inability to turn gene 
> mapping into successful products, the credit, be it debt or shares, appears 
> to be drying up.
>
> The next few years will be a period of intense M&A activity in the pharma 
> industry and it'll make an interesting study of capital movement in a 
> crisis situation.
>
> Simon Ward 
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com
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