This may be a bit mean, but I couldn't resist the temptation. Fierce Biotech published its second annual Biotech Graveyard list. The bad news, 8 companies went out of business without a buyer or money to forge onward. The good news, that represents a 50% decrease from the 16 companies who went under in 2009. Here is the 2010 Biotech Graveyard:
- Anesiva - South San Francisco - Feels no pain
- AutoImmune - Pasadena, CA - Self-liquidating!
- ConjuChem - Montreal, Canada - Au revoir mon ami!
- Hawaii Biotech - Alea, HI - Aloha
- Middlebrook Pharmaceuticals - Westlake, TX - No more middleman
- Neuropharm - United Kingdom - Keep stiff upper lip, Chaps!
- Vio Pharmaceuticals - New Haven, CT - Shoulda' had more insurance
- VitalMedix - Hudson, WI - Vital signs are very weak!
Posted by Bruce Lehr October 5th 2010
To continue the theme, Fierce Biotech reports this morning (Oct 6th) on the overall effect of the recent recession on the biotech industry.
http://www.fiercebiotech.com/story/recession-takes-cruel-bite-out-biotech-industry/2010-10-06?utm_medium=rss&utm_source=rss
Posted by: bigredbruce | 10/06/2010 at 01:43 PM