Navigation Links
Biotech Drops on Weaker First Quarter Drug Sales, But Broader Markets Remain on a Roll
Date:5/1/2009

including Revlimid, due to the global recession.

"It is not just biotech that is feeling the pain of the economic downturn; IMS Health has reported that it now expects the global pharmaceutical market to grow by an anemic 2.5 percent to 3.5 percent in 2009, down 2 percentage points from the forecast it issued six months earlier, and the lowest growth rate in at least 25 years," noted Burrill.

Industry Market Cap

According to the latest Burrill Report, there are 342 biotechs that are publicly traded on major US markets at the end of April with an aggregate market cap of $287.4B (down one percent in the month). There are 43 companies that have market caps greater than $1B. Jumping into the "billion dollar club" was Dendreon whose shares doubled following the detailed study results for its prostate cancer treatment candidate Provenge, which met its goal of prolonging the survival of men with prostate cancer.

The Burrill Report also found that:

  • 135 public biotech companies are trading with less than one year of cash (42% of these have less than 6 months of cash)
  • 69 are trading below their cash level
  • 53% have market cap below $100M
  • Over 100 companies have announced a corporate restructuring by slashing staff and putting promising projects in the refrigerator.

The Burrill Report

The publication tracks the progress of the global biotechnology industry. It consists of a quarterly digital magazine focused on revealing the people, technologies, financings, and strategies behind the life sciences industry's next success stories. The May 2009 edition includes the Q1 2009 analysis of biotech on the capital markets as well as the financings, partnerships and M&A transactions completed. (www.burrillreport.com)


'/>"/>
SOURCE Burrill & Company
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. Oncolytics Biotech(R) Inc. Announces Details of 2009 Annual Shareholder Meeting
2. Media Advisory - Oncolytics Biotech(R) Inc. to Present at BioFinance 2009
3. Biotechnology Company, Replikins Ltd., Provided Advance Warning of Mexican H1N1 Swine Flu Virus Outbreak
4. Biotechnology Company Provided Advance Warning of Mexican H1N1 "Swine Flu" Virus Outbreak
5. Regional Biotech Association Warns Legislation Would Make VT Least Friendly State in Nation for Biotechnology and Life Sciences
6. The Biotechnology Industry Organization Honors Georgia Governor Sonny Perdue as Governor of the Year
7. The MedZilla Report: March 2009 Employment Outlook for Biotech/Pharma/Health
8. Yongye Biotechnology Announces Preliminary Results for its Fiscal Quarter Ended March 31, 2009
9. Crystal Research Associates, LLC Issues an Executive Informational Overview(R) (EIO(R)) on ACT Biotech, Inc.
10. Cynvec to Present at New York Biotechnology Association 18th Annual Meeting
11. Champions Biotechnology, Inc. Establishes UK Subsidiary and Retains General Manager to Expand Its Personalized Oncology Business
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/24/2014)... 2014   BioLife Solutions , Inc. (NASDAQ: ... of proprietary clinical grade hypothermic storage and ... shipping products for cells and tissues  ("BioLife" or ... 2015 Annual Meeting of Stockholders on May 4, 2015 ... for the Annual Meeting represents a change of more ...
(Date:12/24/2014)... 2014 Earlier this year in a ... director of the Adult Stem Cell Technology Center, LLC ... and under appreciated unique property of adult tissue stem ... Cells: Misunderstood in the Past, Important for the Future,” ... He gave the address at the 4th World ...
(Date:12/24/2014)... According to Ross Selinger, President of Selinger ... the national office market continues to be strong, driven by ... by the third quarter’s surprising 3.9% GDP, unemployment decreasing to ... have held inflation down and the Fed is keeping interest ... remaining soft. , This solid economic news is having a ...
(Date:12/24/2014)... The report expects global cell isolation and expansion market ... a carefully analyzed data about the vital drivers, restraints, ... Full Copy of Report @ http://bit.ly/1yUxy0T , ... expansion will keep witnessing growth at an impressive CAGR ... driven by rapid technological advancements, government funding and investments, ...
Breaking Biology Technology:BioLife Solutions Sets Date for Annual Meeting of Stockholders 2Adult Stem Cell Technology Center, LLC’s Director Sherley's Address on What’s Holding Back Regenerative Medicine Featured on Omics Group Website 2Adult Stem Cell Technology Center, LLC’s Director Sherley's Address on What’s Holding Back Regenerative Medicine Featured on Omics Group Website 3Adult Stem Cell Technology Center, LLC’s Director Sherley's Address on What’s Holding Back Regenerative Medicine Featured on Omics Group Website 4ITRA Global Reports Long Island Is Out of Sync With The National Office Market 2ITRA Global Reports Long Island Is Out of Sync With The National Office Market 3The Cell Expansion Market is Expected to Reach $14.8 billion by 2019 - New Research Report by MarketsandMarkets 2The Cell Expansion Market is Expected to Reach $14.8 billion by 2019 - New Research Report by MarketsandMarkets 3
... ... Cloud-Enabled API for Developers. , ... (Vocus) March 4, 2010 -- This seminar details the fast-growing GenomeQuest sequence data ... will include lunch, discussion, and startup to Free Basic Account., , , , ,When: ...
... ... ... ... ...
... ... aimed at ensuring global food security and sustainability. , ... Washington (PRWEB) -- On March 17, the Global ... and improve storage and distribution to eliminate the global productivity gap, will host a ...
Cached Biology Technology:GenomeQuest Hosting Seminar at ABRF Conference In Sacramento, CA 2OncoGenex Pharmaceuticals to Webcast Discussion of Financial Results for Fourth Quarter and Fiscal Year 2009 2OncoGenex Pharmaceuticals to Webcast Discussion of Financial Results for Fourth Quarter and Fiscal Year 2009 3Gloabl Harvest Initiative: Taking Down Fences To Meet Future Needs 2Gloabl Harvest Initiative: Taking Down Fences To Meet Future Needs 3
(Date:12/3/2014)... , Dec. 2, 2014 As part of ... Inception Technologies is pleased to announce the release of ... customers to collect the workforce data that they need. ... have been left by existing readers. Many such devices ... connectivity and modern technology. Older models force users to ...
(Date:11/21/2014)... YORK , Nov. 19, 2014  Earlier this ... at New York College, and one of the most ... biosensor signals that are transmitted from Smartphones to third ... were Smartphones and has one of the earliest known ... discussing its usage in the military, child care, elder ...
(Date:11/21/2014)... -- C-Labs LLC, a leading provider of remote and ... announced the appointment of John Traynor to ... advisor to the firm, Mr. Traynor will now oversee ... out of the C-Labs office in Redmond, ... , Chief Executive Officer. Photo - ...
Breaking Biology News(10 mins):Inception Technologies to Release New Biometric Reader 2Patented Biosensor Wearable Technology Provides a More Civilized Method of Quarantine 2Patented Biosensor Wearable Technology Provides a More Civilized Method of Quarantine 3Patented Biosensor Wearable Technology Provides a More Civilized Method of Quarantine 4C-Labs Names Former Microsoft and Bsquare Executive as Chief Operating Officer 2
... to keep an avian marriage together for the Nazca booby, ... coast of Ecuador. , Many Nazca booby females switch mates ... University study scheduled for publication in the journal Proceedings of ... This is surprising because there is an advantage to staying ...
... research consortium today published a set of papers that ... genome functions. The findings challenge the traditional view of ... genes, pointing instead to a complex network in which ... DNA sequences that do not code for proteins, interact ...
... people die with brains untouched by a pathological process, ... dementia increases with the number of different disease processes ... The research was funded by the National Institute on ... and conducted at the Rush Alzheimer’s Disease Center at ...
Cached Biology News:Study investigates 'divorce' among Galapagos seabirds 2New findings challenge established views on human genome 2New findings challenge established views on human genome 3New findings challenge established views on human genome 4Study finds mix of disease processes at work in brains of most people with dementia 2
... years of expertise in the field of ... the most powerful systems on the market. ... 000 in-microplate tests requiring incubation and washing ... modules (such as worktable shaker incubators, reader,washer), ...
... pre-validated SNP sequencing services ... within 93 genes including ... more than 80 tyrosine ... were developed and validated ...
... Mouse anti-Yersinia pestis F1 antigen, ... Applications: ELISA: Use at ... at an assay dependent dilution. WB: ... Predicted molecular weight: 18 kDa. Not ...
... Fixation medium Reagent B - Permeabilisation medium ... cells in suspension with Reagent A and ... This procedure gives antibodies access to intracellular ... of the cells intact. Specific formulations reduce ...
Biology Products: