Word: biotechs
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...virtual lab and independent biotech companies have already come up with several tests, but they are not yet reliable enough to be widely deployed. Canadian microbiologists reported last week that as many as 40% of their SARS patients did not test positive for coronavirus. That might be because their tests are not sufficiently sensitive or, even more worrisome, because the coronavirus has mutated enough to elude detection...
...besides the 100 building and the two major research universities in the city, Necco’s neighborhood has other perks—it is just across the river from several of the Northeast’s strongest hospitals and it is part of a tide of a biotech hub growing in Cambridge...
Stephanie Harkness cheered the fall of Baghdad last week for more than patriotic reasons. As CEO of Pacific Plastics & Engineering, a medical and biotech equipment-parts firm in Soquel, Calif., she has been waiting for customers to give her the go-ahead on four large orders. In one case, she says, "they have the money in hand but have been saying they're not willing to make an investment until they know how the war is going to play out." Now that things are clearer, says Harkness, "I expect a flood of new projects...
...Biotech firm Chiron has grown briskly in recent years, with last year's revenue up 14% over 2001's, to $1.3 billion. Yet its future looks uncertain; few of its new drugs are close to reaching market. So the firm, based in Emeryville, Calif., has made Pien, 45, its new CEO. Born in China and reared in the Bronx, Pien has run GlaxoSmithKline's international operations for two years and is expected to help Chiron extend its global reach. Analysts say his toughest task will be building up the product pipeline...
...Theoretically, the achievement should lead to better diagnostic tools, treatments and perhaps even a vaccine for SARS. Germany's Artus Biotech has already released what it claims is a highly accurate test kit that can detect SARS in less than three hours. But as has been shown in AIDS research, knowing your enemy is merely the first battle in what is likely to be a lengthy war. AIDS and SARS (and the common cold, for that matter) are caused by viruses?and viruses are notoriously hard to kill. Although doctors have a huge arsenal of drugs and antibiotics capable...