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Long End of the Stick

 
• By Chris Morrison

Sustainable and increasingly focused, mid-sized vaccines companies are leading the way in European biotech, catalyzed by fears of bioterrorism and a re-emerging belief that prevention trumps cure, both practically and pharmaco-economically.

As many biotechnology companies struggle to progress pipelines and deal with product setbacks in the face of dwindling cash reserves, Europe's vaccines plays are navigating today's difficult waters more successfully.

Vaccine companies, the perennial middle child of the life sciences, have increased margins on their products, consolidated effectively, jettisoned dead...

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