The Biotech Industry Organization (BIO) this morning released a set of statistics that give a rather dire snapshot of the industry's health. Here are some of the highlights -- or, should I say, lowlights -- straight from their roundup: Image: linkurl:flicker:Kaibara87;http://www.flickr.com/photos/kaibara/ - 120 companies (30%) are now trading with less than 6 months of cash on hand. This represents a jump of 90% over the number of companies with less than 6 months cash on hand in 2007. (source
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