Biotechnology Business
Biotech has Positive Year Despite Weak Fourth Quarter Performance
Published in Medical Verdicts and Law Weekly, January 17th, 2008
"The biotech industry finished the year in good shape with the Burrill Biotech Select Index, a price-weighted index tracking 20 of biotech's "blue chip" companies, gaining 9% in 2007 ahead of the Dow, which finished up 6.4% and on par with the Nasdaq, which closed up 9.8%," said G. Steven Burrill, CEO, Burrill & Company, a San Francisco based global leader in life sciences with activities in Private Equity, Venture Capital, Merchant Banking and Media. "It could have been an even better year were it not for a sub-par final quarter of 2007, one that is usually one of biotech's best."
The Burrill Biotech Select Index dropped over 6% in December (down 5% in the quarter) on...
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