Word: biotech
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...M.I.T. professor, he researched proteins that block HIV from healthy cells. At Merck he spearheaded the company's 2001 acquisition of Rosetta InPharmatics, a biotech company. Kim, 44, was recently named head of Merck Research Laboratories, which spent approximately $3 billion last year. Among its products in late-stage development: treatments for depression, diabetes and chemotherapy-induced nausea, as well as a vaccine to prevent cervical cancer...
...holiday news vacuum. The news came as a shock but not much of a surprise. It was only a matter of time before one of the teams racing to produce the first human clone either succeeded or just decided to claim it had. Chemist Brigitte Boisselier, president of the biotech company Clonaid, is a member of the Order of Angels of the Raelian religious cult, whose prophet Rael says 4-ft.-tall green space aliens visited him 30 years ago in a French volcano and revealed that all of us are descended from the clones they planted here...
...which can turn into any kind of cell in the body, may hold the secret to cures for Parkinson's, Alzheimer's and other diseases. "Of course, all society--from scientists to politicians--is against human reproductive cloning," asserts Dr. Robert Lanza, medical director of Advanced Cell Technology, a biotech firm in Worcester, Mass., that has led the way in cloning human embryos for stem-cell research. "No one wants to see 100 copies of Madonna or Michael Jordan. But it would be tragic if this outrage spills over into legitimate medical research that could cure millions of patients...
...harder for the biotech companies to argue for compromise in a world where the worst-case scenario is getting all the attention. The Raelians are to the labs of America what Enron was to the boardrooms, a rebuke to the premise that science can be self-policing. "If you allow embryo cloning in research labs because of its supposed great potential," argues Representative Dave Weldon, Republican from Florida who did research in molecular genetics in graduate school, "you're going to have all these labs with all these embryos, and it will be that much easier for people like...
...center-right government would exempt high R and D firms from paying any corporate income tax for their first three years of operation, wipe out all social charges paid to the state for six years and give capital-gains tax exemption to investors and other shareholders. Biotech entrepreneur Philippe Pouletty, president of the Strategic Council for Innovation, says the move could double the number of "innovative" companies in France (there are about 2,500 today) and make it one of the most attractive places in the world to do business. So far, the bill is not meeting with much opposition...