It has not been a good week for Canadian biotech. The sell-off of the crown jewels at QLT (scripintelligence.com, 25 September 2012), the return of rights to Cardiome (scripintelligence.com, 27 September 2012), the loss of a court case at Tekmira and the failure to receive fast-track NDA status at Aeterna Zentaris have left biotech investors north of the border wondering if there is much of a home-grown sector left.
Stockwatch: The Canadian patient
It has not been a good week for Canadian biotech. The sell-off of the crown jewels at QLT (scripintelligence.com, 25 September 2012), the return of rights to Cardiome (scripintelligence.com, 27 September 2012), the loss of a court case at Tekmira and the failure to receive fast-track NDA status at Aeterna Zentaris have left biotech investors north of the border wondering if there is much of a home-grown sector left.