yeah Amgen probably is the biggest biotech, but I would not buy it right now. For instance, Amgen has a real profitable drug--Epogen, and yet, in a few years it will be possible for genetic therapy to induce EPO production right in the body (it can already be done, but clinical trials will take awhile).
A fellow in a post to me once said 'why inject protiens when you can just induce gene therapy, and secrete'...or something like that. Freaky stuff, but is is happening--like I said, things change, and nothing will change faster than biotechnology.
The question for me is whether or not I am clever enough to follow it all and make the right choices. Might as well try, could be fun--not a good bet, but I'm sure not going to "invest" in MSFT instead.
Now kick! |