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Article: Balboa Vs. Apollo: The Fight For Biotech Funding Continues.
- Article from:
- BIOWORLD Today
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Staff Writer
PHILADELPHIA - A disease of epidemic proportions hit Room 103A at the Pennsylvania Convention Center on Wednesday, the last day of the Biotechnology Industry Organization's annual international convention here.
A panel of biotech industry leaders apparently held the antidote - creative financing options. About 200 of those infected filled almost every chair, and waited for a prognosis for their companies that were quickly running out of cash.
"I think with this turnout," said David MacNaughtan, executive vice president of business development at Drug Royalty Corp. Inc., "the patient is in stable condition, but could slip into ...