The past year has been a rollercoaster of a ride for the private investment market. The US continues to lead the way by a long shot, although robust business strategies have allowed some European biotechs to make their presence felt. And the return of the biotech IPO, while long awaited, is delivering mixed blessings, reports Simon Varcoe.
If private biotech companies thought 2008 was a tough year for raising cash, 2009 must have doubled their nostalgia for the good old days when private investors threw money...
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