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Biotech flourishes in 2005 while Big Pharma is on the decline

Goodbye, 2005, and hello, 2006! I sit hear writing this article as I listen, appropriately, to a new Cream anthology album called "Cream Gold" (released in 2005 - not to be confused with the live Cream concerts held in 2005). Why Cream, you may ask? Well, the successful re-emergence of this supergroup in 2005 via a series of concerts held in London and NewYork's Madi......

Full article >>> s but also in other industries such as the software/hardware and internet industries. For example, internet company Google went public in 2004, and whose value skyrocketed to a market cap of $123 billion at the end of 2005 with a stock price of $414.86 (versus its IPO debut in August, 2004 with a stock price of $85/share). Google's annual revenue is about $5.3 billion/year and income of $1.4 billi......

Full article >>> 1">$23.32$27.31<15%>$172 billion3. Glaxo Smithkline (GSK)$50.48<......

Full article >>> width="19.94%" rowspan="1" colspan="1"><1%>$69 billion8. Eli Lilly (LLY)$56.59$56.771. Genentech (DNA)$92.50$54.25+71%$98 billion
Full article >>> on & Johnson surpassing Pfizer for the first time in market valuation, a similar phenomenon took place in the land of biotech with Genentech surpassing Amgen in market valuation by a hair (give or take a billion). Note that both Genentech and Amgen have market caps superior to all but the top 5 Big Pharma companies.

All of the top five Big Biotech companies had very solid double-digit sto......

Full article >>> those of the author and do not necessarily reflect the views of The Wisconsin Technology Network, LLC. (WTN). WTN, LLC, accepts no legal liability or responsibility for any claims made or opinions expressed herein.......

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Source:wistechnology.com By Michael Rosen 01/04/06


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