Word: panicali
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Dates: during 1990-1999
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Most vaccine production is carried out by five major pharmaceutical companies: Merck, Smith-Kline Beecham, Connaught, Merieux and Medeva. But according to Dennis Panicali, president and CEO of the Cambridgebased Therion Biologics Corporation, it's the small biotechnology firms which are experimenting with more novel techniques for producing vaccines...
...Biotech companies have a role in being able to accept a greater risk," Panicali says. "Large pharmaceutical companies cannot assume [as much risk] because of their obligations to their stockholders...
...biotech firms and pharmaceutical companies also work in conjunction with university based researchers. Panicali said his company has worked in conjunction with investigators at Harvard, the University of Massachusetts and Ohio State University...
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