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Biotech / Medical : Biosource International

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To: Rich Powers who wrote (510)	7/5/1998 1:52:00 PM
From: Joe Dancy	Read Replies (1) of 696

Some good reading from your Washington Post today: washingtonpost.com Biotech's Payday Arrives After Costly, Uncertain Start, More Firms Are Turning a Profit The biotechnology industry in the United States is on a roll. A handful of companies, MedImmune among them, have finally become profitable, and analysts expect many more to become so over the next few years. The consulting firm Ernst & Young has projected that by about the turn of the century, the industry as a whole should be operating in the black for the first time in its history. Sales and employment in the industry are now rising by about 20 percent a year, according to Ernst & Young. . . . . Just as people with the foresight to buy into microchip maker Intel Corp. 12 years ago have seen their investment increase more than 40-fold, investors smart enough to pick tomorrow's biotech winners today can look forward to huge gains as the companies grow to maturity. . . . Joe

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