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Biotech Posts Strong Third Quarter Performance as Capital Markets Go on a Tear
Date:10/1/2010

down 18 percent YTD), Celgene ($26.47B, up 12 percent for September, up 13.4 percent for the quarter and up 3.4 percent YTD), Genzyme ($18.04B, up 1 percent for September, up 39.4 percent for the quarter and up 44.2 percent YTD), and Biogen ($13.56B, up 4.3 percent for September, up 18.3 percent for the quarter and up 3.4 percent YTD).
  • 55 biotech companies (18 percent) have market caps greater than $1B (compared to 49 companies at the same time last year)
  • 98 biotech companies (32 percent) have market caps less than $100M compared to 39 percent (122 companies) at the same time last year.

  • (*The October edition of the monthly, subscription-based Burrill Report has a breakdown of the industry's third quarter 2010 performance.)

    Note: Tables on the Burrill Biotech Indices and US biotech financings for Q3 2010 are available on request.


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    SOURCE Burrill & Company
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