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Biotech / Medical : Biotech Valuation
CRSP 55.11-2.6%3:59 PM EST

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To: Biomaven who wrote (628)2/17/2000 8:58:00 AM
From: poodle  Read Replies (3) of 52153
 
Reminds you something ... <g>

"AMZN market cap is more than Barnes & Noble plus Borders"

Similarity between Internet and Biotech is fantastic. And look what may move whole sector up: patent for "HIV related" gene. Well, patent is not HIV-related. Protein is, but it's role in HIV infection was discovered after patent application was filed. And discovery, to the best of my knowledge, had nothing to do with HGSI.
Gene had been isolated and sequenced by at least two independent groups in 1996, if memory serves and had been available from GenBank free all that time. Shering holds the patent for some applications of the receptor (they are HGSI long term collaborators, though).

Patents for genes are too controversial and may rather create complete mess in biotech industry and research rather than help."But it's gona be big ..." <g>
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