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From Verus to Meritage: A Biotech Prototype for Tough Economic Times

 
• By Chris Morrison

Prolific entrepreneur Cam Garner has a new model for start-ups. Gone are the days of raising huge A rounds to build commercial infrastructure and license in families of products. His two new firms, Meritage and Evoke, are narrowly focused on single assets, in each case a reformulation of an approved drug repositioned in an underserved specialty indication.

One thing is certain: 2009 has seen and will continue to see the demise of plenty of biotech companies.

"We’re at a pretty unusual time right now," Cam Garner, prolific entrepreneur and chairman of multiple biotechs, including start-ups

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