Corporate
May 4, 2013
Pharmaceutical giants help prop up biotech companies
Publicly traded drug giants have taken an interest in the high-risk-high-reward game of very early stage drug development.
Daily Journal Staff Writer
Even as doctors increasingly use complex and costly biotechnology medicines to treat cancer, diabetes and other diseases, private biopharmaceutical companies have faced an uphill battle to raise the mountain of cash needed to run their capital-intensive operations. Now there are signs that they might start getting infusions from new places. Publicly traded drug giants, having had an easier time tapping the c...
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