Word: wiesbrod
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Dates: during 1990-1999
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This new-product cycle has a number of pros bullish on the sector. Sensing opportunity, New York investor Stuart Wiesbrod founded Merlin Biomed, a private health-care fund, just three months ago. He estimates that the entire biotech industry has a stock-market value of about $110 billion. That's less than the market value of one big drug company like Merck or Pfizer, each with market values around $140 billion. Yet the biotech industry has 600 drugs in advanced development, vs. maybe 20 for each big drug company...
NOTEBOOK: Wiesbrod and Sneddon did not play for the Crimson, but are expected back for Friday's game against Cornell...
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