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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Cytokine1 who wrote (2329)	9/9/1997 12:33:00 PM
From: Andrew H	of 9719

>>I think Andy commented recently that competition wasn't the biggest problem, but rather the FDA.<< Ha! misquoting me again? I was referring to GZTC specifically because their products are coming from animals. However, you could probably generalize it to everything the FDA touches. The opposite of the Midas effect--instead of turning to gold it surns to sh*t. Still there is no question that private industry will always be more efficient than governmental bureaucracy. And the smaller companies will be more nimble than the larger, more bureaucratic ones. The development stage bios are where most of the innovation will come from. Its a fact. Necessity and hunger (not starvation) will always be the mother of invention.

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