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Article: Annual meeting feels like a version of 'Survivor': experts focus on getting through economic crunch. (Biotech).(Industry Overview)
- Article from:
- San Diego Business Journal
- Article date:
- March 3, 2003
- Author:
CopyrightCOPYRIGHT 2003 CBJ, L.P. 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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If this year's annual California biotech meeting had a television theme, some attending experts would have written a how-to script for a biotechnology "Survivor."
The biotech sector is facing difficult times.
This year's program at the annual Calbiosummit March 10-11 at the San Diego Convention Center mirrors the sad state of the industry.
Several firms are running low on cash, and, unable to attract investors in this depressed market, considering a merger or buyout in order to fund their costly research and development.
Industry experts predict the recent wave of biotech consolidations--among them two San Diego-based firms, Corvas ...