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Text size [+][-]  Friday November 20 2009GLOBAL EDITION

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08 Jan 2009 15:23

Richer fields elsewhere

By Robert Cyran

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The American Stock Exchange’s biotech index is down 14% over the past six months.
The ten biggest drug makers spent more than $50bn on research in 2008. For the same amount, they could own the entire US biotech industry save the five biggest companies. It might be a better use of their cash.

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