For two miserably chilly years, biotech executives sat back and watched the dot coms soar, jealously certain of the B2C and B2B business absurdity and eventual crash. They were, of course, right. drugstore.com Inc. , PlanetRx.com Inc. , Ventro Corp. , Neoforma.com Inc. are all trading 90+% below their high-water marks. The dotcomconomics which created them and made them briefly famous have equally undone them.
Now at least some of the money which once flowed towards new Internet sites is suddenly streaming into genomics companies,...
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