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...being spent on the overall economic stimulus—the Treasury also announced a new $2 trillion bank bailout yesterday—the funding for science was “small change.” But he added that he believes federal spending for science is invaluable and that biotech has been “one of our big engines of growth for the last 25 years.” “I don’t think the government is nearly over-supporting [science] at this point,” Rogoff said. “Science...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Senate Stimulus Would Up NIH Funding | 2/11/2009 | See Source »

...Cambridge City Council approved a rezoning measure after a contentious public meeting last night, clearing the way for six blocks of biotech labs to be constructed in East Cambridge. The Council’s decision, coming by an 8-1 vote after months of negotiations with biotech real estate developer Alexandria Real Estate Equities, Inc (ARE), will allow taller and denser building to exist in an area of East Cambridge previously shielded from that sort of development by its residential designation. The zoning change applies specifically to ARE and will not authorize dense construction by any other firm. Dozens...

Author: By Sarah J. Howland, CRIMSON STAFF WRITER | Title: Cambridge Council Approves Rezoning | 2/10/2009 | See Source »

...money to be made on that fact not been lost on RNL BIO, the company that Lee and his team do research for, which sold a $50,000 cloned Pit Bull Terrier to an American client last year. And RNL is not alone on this commercial frontier. Sooam Biotech Research Foundation, another Seoul lab run by Hwang Woo Suk who led Snuppy's cloning at SNU but was later shunned by the international scientific community for fabricating research on human embryos, made headlines in early February for cloning a Labrador named "Lancey" for a Florida couple who paid...

Author: /time Magazine | Title: South Korea's Pet Clone Wars | 2/10/2009 | See Source »

...best companies to work for: No. 1 is NetApp, which gives workers five paid days of volunteer work, adoption aid, autism coverage--and has gained market share, avoided layoffs and banked $2 billion in cash for these rainy days. Wegmans supermarkets (No. 5) offer workers free yoga classes; biotech leader Genentech (No. 7) features paid sabbaticals, on-site child care and a fitness center; its revenues jumped 25% last quarter. Hewlett suggests even struggling companies that have moved to a four-day workweek rather than fire people may promote both morale and quality of life...

Author: /time Magazine | Title: Married to the Job, or Each Other? | 2/5/2009 | See Source »

That's not to say every drug-related company has been bulletproof, however. PharmaNet, an outfit that runs drug trials for biotech and pharmaceutical companies, has seen its cancellation rate spike because of drug discontinuations and mergers. Its stock is down...

Author: /time Magazine | Title: Stock Winners (Yes, There Were a Few) and Losers of '08 | 12/16/2008 | See Source »

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