CHICAGO – As we're still in January, it's a good time to look back at 2006 and identify some of the key events that shaped the biotech industry in the Midwest and across the U.S.
In order of importance, here's my list:
- Biofuels
- Stem cells
- BIO 2006 in Chicago
- The reshaping and resurgence of Abbott Labs
- Biogenerics in the U.S.
- The internationalization of Indian pharma
- FDA product approvals
- Nanotechnology financing
- The globalization of biotech
- The convergence of the drugs, devices and diagnostics/imaging industries
Upon reviewing this list, some of you will say these are not new issues and they appeared before 2006. I will of course agree with you. However, a confluence of events during 2006 surrounding each of the topics took place that elevated them to a center stage.
In analyzing the impact of each of the above points, I'm going to start like David Letterman in reverse order.
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