Monday, February 12, 2007

Revenue a laughing matter -- for now / Err

A, State of the biotech industry panel ala Ernst & Young.

Maybe by the end of the second day of the scientists and business people were just punchy, but every speaker seemed to have a joke to tell last week at the Florida Venture Capital Conference in Boca Raton.

Dam well better! Lol @ punchy.

.. Ernst & Young's Rich Ramko kicked off his talk with a definition tailored for the audience.

Q: What's a biotech company?

A: A pharmaceutical company without revenues.

Hey Ooooooo!

Actually, the biotech industry is becoming increasingly more stable, Ramko said. "We see an explosion in biotech in the next five years or so."

Love it or leave it. Here's my favorite part:

"It's all happening and it's happening in an incredibly short time."

Hold your breath!

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