pfizer (formely Agouron) retrenched big time in SD.
As we are now finding out, many of the new drugs are pie-in-the-sky and not any better than the old drugs. What is it about our culture that makes us want to pop a pill instead of changing our life and eating habit?
I’m afraid that biotech will become a big flop. Investors have been sinking all that money in biotech since the 80s with only modest payback. What carried the industry was the take-overs (like houses, they were selling companies to each other).
Soon biotech research will be outsourced to India, China, Singapore anyway.
