Venture capitalists will open pockets to biotech for products with good chance

11/12/2004 | San Mateo County Times (Calif.)

Venture capitalists report the world is looking up for biotech startups, but caution the outlook holds only for those that can show they can market a product soon. Investors delivered the news at a biotech investment conference in California, still describing the industry as "risky business." Despite the increased hesitation to invest in early-stage research, biotech investment is expected to increase to $5.7 billion this year.

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San Mateo County Times (Calif.)

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