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Stock Investing > Mishs Global Economic Trend Analysis

Unprecedented Biotech Bankruptcies As Venture Capital Dries Up

Mike Shedlock | Fri, 11/21/2008 - 4:05pm |  Add a comment

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Venture capital funding has dried up. The result is 'Unprecedented' Biotech Bankruptcies . The global economic crisis has cut funding for biotechnology companies to the lowest level in a decade, triggering bankruptcies and threatening development of drugs based on biomedical breakthroughs. In t
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