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‘The Next Tulip Mania?’ – Fidelity, Gurnet, Biogen Put A Lens To Funding, Valuations

In 2020, Panelists Predicted Bust

 
• By Vibha Ravi

Venture capital funding for biotechs remains aplenty even as listed companies’ stock prices drop. Biogen’s Papadopoulos, Fidelity’s Kaul and Gurnet’s and ex-Sanofi Viehbacher deliberate on whether there is a valuation disconnect and if this is the next "tulip mania."

Tulips
Is This Tulip Mania All Over Again? • Source: Shutterstock

"Tulip mania" was the first documented major economic bubble and also one of the most famous market crashes. It happened during the seventeenth century in Holland when speculators sent prices of tulip bulbs and their forward contracts skyrocketing.

Introduced to Europe from Turkey, the flowers became a sought-after item, costing more than gold and even some houses at...

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