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Tuesday, March 23, 2004
Biotech - More on biotech as an economic engine
Updating our Indiana Law Blog entry yesterday (scroll down) on how "many cities and states are scrambling to attract biotech businesses that bring well-paying jobs and lucrative tax revenues" is this story today in USA Today on how "big pharm" is partnering with biotech startups. Some quotes:
SAN FRANCISCO — Merck, the pharmaceutical giant racing to replenish its drug pipeline, hatched a $100 million partnership in November with a tiny biotech start-up in Cambridge, Mass.Eli Lilly, another drugmaking stalwart, is plunging into the sizzling anti-impotence market ruled by Viagra with help from a young biotech near Seattle. * * * Lilly, for one, has launched about 100 partnerships, mostly with biotechs, many in the last five years.
Posted by Marcia Oddi on March 23, 2004 12:19 PM
Posted to Biotech