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- Title
Chasing biotech, state by state-winners and losers.
- Authors
Wilan, Ken Howard
- Abstract
The article presents the view that many states have identified biotech as an engine to economic prosperity. The obstacles for achieving success, however, especially for upstarts, may be considerable. Although capital markets for financing biotech companies typically go up and down like a roller coaster, the number of initiatives launched by individual states to attract biotechnology to its borders has steadily climbed over the past few years. States are always looking for money, now more than ever, and they are all very interested in biotech, in trying to grow an industry cluster that will benefit them down the road, says Patrick Kelly, vice president of state government relations at the US Biotechnology Industry Organization.
- Subjects
BIOTECHNOLOGY; KELLY, Patrick; STATE governments; CAPITAL market; BIOTECHNOLOGY industries; HIGH technology industries
- Publication
Nature Biotechnology, 2005, Vol 23, Issue 2, p175
- ISSN
1087-0156
- Publication type
Article
- DOI
10.1038/nbt0205-175