Volume 90 Issue 26 | p. 9 | News of The Week
Issue Date: June 25, 2012

Shifts In Pharma Noted At BIO

Biotechnology: Annual conference focuses on a new world of drug research and funding
Department: Business
Keywords: biotechnology, research and development, partnership

The BIO International Convention in Boston last week, sponsored by the Biotechnology Industry Organization, showcased a reviving biotech industry coming to grips with changes in how innovation is funded and drugs are approved and purchased.

The global financial crisis has led the industry’s traditional venture capitalists to pull back on financing. Still, the sector has managed to return to double-digit revenue growth—10% in 2011 compared with 8% in 2010, according to . . .

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