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To: Diamond Jim who wrote (100869)3/14/2000 11:19:00 PM
From: Brian Malloy  Read Replies (1) | Respond to of 186894
 
OT,
Markets were edgy to begin with. Clinton and PM Tony Blair said that the genetic code (being sequenced by several for profit companies) should in essence be a free good and some comments reference patents not covering genes. Well the biotechs started heading south and everything else went with the flow.

Clinton et. al. were back peddling later once the market tanked and questions started coming their way. The failed Clinton health plan back in 92-94 gave a great entry point to pick up the major US pharm companies on the cheap; I guess he is trying to do it again with the biotechs <ggg>.



To: Diamond Jim who wrote (100869)3/15/2000 3:08:00 AM
From: Gerald Walls  Respond to of 186894
 
What did Clinton (Bill) say today that caused this drop?

He and Tony Blair announced that the UK and US would freely share human genome data and futher stated that all human genome research companies should release their years of research into the public domain.