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Biotech Shows Glimmer of an Upward Trend
Date:6/1/2009

re are 43 companies that have market caps greater than $1B - 154 public biotech companies (44%) have a market cap below $100 million - 69 are trading below their cash level - Over 110 companies have announced a corporate restructuring by slashing staff and putting promising projects in the refrigerator - YTD the Burrill Biotech Select Index has fallen 7 percent - The performance of the top five biotech companies since the beginning of the year: Amgen (-13.8 percent); Gilead Sciences (-16.5 percent); Celgene (-24 percent); Genzyme (-11 percent); and Biogen (+ 8.6 percent).


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SOURCE Burrill & Company
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