Biotech drugs such as genetically engineered hormones and monoclonal antibodies make up a sizeable and growing proportion of the pharmaceutical market. Biologics represented 7% of the pharmaceutical market in 2002, and by 2006 they are expected to make up 12%. Seven hundred new biologics are currently being tested, with up to 200 entering late-stage trials. This year, as many as 40 new biologics could make it to the market, according to Kalorama Information, a life science market research firm in New York.
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