Word: biotechs
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...immediate question, debated with considerable heat before two Food and Drug Administration advisory panels, was whether to require special labels on milk from cows given a synthetic hormone to increase their production. Consumer advocates led by the anti-biotech gadfly Jeremy Rifkin shout yes, insisting that such milk could represent a health threat. The biotech industry, which has millions at stake, naturally disagrees, and it has the support of many government scientists who have found the milk to be safe...
...FIPCO is one model for biotech companies, but new models are explored under financial constraints McCallum said...
...cost of producing a single drug today is about $250 million, and it takes two or three drugs to make a pharmaceutical company successful, McCallum said. But he also said he believes the key to successful biotech ventures may lie in "research-intensive and distribution-deficient" companies...
Last week Watson and Crick were euphoric again as they gathered with a brilliant galaxy of scientists, biotech executives and other friends to celebrate the 40th anniversary of the discovery that opened a new era. The site was the century-old Cold Spring Harbor Laboratory on New York's Long Island, where Watson, host of the glittering symposium, has served as director for 25 years. The appearance of the reclusive Crick helped highlight the event; he seldom ventures forth from California's Salk Institute for Biological Studies, where for the past 17 years he has been studying the brain...
...discovery. In the four decades since, scientists, building on their knowledge of DNA's structure, cracked the genetic code, described the machinery of the living cell, identified and located specific genes and learned to transfer them from one organism to another. Their work has already transformed biology, created the biotech industry and new pharmaceuticals, is beginning to affect business, industry, agriculture and food processing, and promises to change drastically the way medicine is practiced. "In five years the impact on medicine will be big," predicts Crick. "In 10 or 15 years, it will be overwhelming...