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Bubbles, Bailouts, Bears and Biotech
SUGAR LAND--October 3, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--In 2007, the Biotech sector set a record for mergers, acquisitions and strategic coalitions. An analysis of Industrial Info's Pharmaceutical Tracker - Online Database brings to light that covenants within this sector were worth upwards of $60 billion in the United States. Now, in 2008, the financial markets are in disarray, banks are failing/consolidating, home values have plummeted, energy and food prices have soared and a "buy now, pay later" nomenclature has become ingrained in our society. Could the trend in Biotechnology consolidations have been a harbinger for the other economic sectors today?
Companies featured: Theravance Incorporated (NASDAQ:THRX)
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Industry Segment: Pharmaceutical & Biotech
Word Count: 716 Words
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