Word: biotech
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James Mullen and the biotechnology industry arrived on the scene together by chance in 1980. That year he landed his first job out of college, as a chemical engineer for what is now GlaxoSmithKline, and at about the same time the pioneering biotech firm Genentech sold its first shares to the public. Now Mullen, 44, and the biotech industry are coming of age together--only this time it's no accident. As the CEO of Biogen, Mullen is helping force the issue with his proposal last week to merge his company with IDEC Pharmaceuticals in a $7 billion deal that...
Here, in the shadow of skyscrapers with names like Rinogen and Zanotech and in the midst of high-pressure students with goals like saving the human race and making a ton of money, is a thriving, quirky neighborhood split between biotech- boomers and long-time Cantabrigians, old and young, a spectrum of races and classes and goals unlike any I’ve ever seen...
There are many small mysteries—there’s the biotech lab facing Mass. Ave. which for some unknown reason hides its pipette-wielders from view with a set of cartoonish stained-glass windows. There’s the 50-something woman energetically doing calisthenics to hip-hop music blaring out of a store that sells everything, from luggage to sports jersey dresses...
...research at Prudential Securities. Small-cap funds have seen inflows the past two months after outflows in March. So momentum is building, and we have not yet seen much of the typical boost from large companies' buying small ones as the recovery gathers steam. Desanctis likes retailers, tech, biotech and energy...
...dinner very much anymore and East Berliners stay in their neighborhoods," he says. "I have to attract convention goers, business groups and tourists." Despite its malaise, Berlin has some solid achievements. The city has built clusters of knowledge-based industries in the software, media and biotech sectors. Hans Estermann, managing director of the Berlin Business Development Corporation, says the city has attracted about 1,500 jobs in the first five months of the year. Among the new arrivals: factories for DaimlerChrysler, BMW and the U.S. electronics giant Motorola. Still, Berlin will have to do a lot better...