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Tech, Biotech Offer Safe Haven for Investors

Submitted on: 09.25.2008
Last week America witnessed many Wall Street firms drop like flies while biotech indices rose. Analysts believe the biotech industry might be a safe haven for investors during this financial crisis. One reason for the industry's rigidity is big pharmaceuticals have been acquiring small, innovative drug companies with promising new medicines to replace their blockbuster drugs before patents expire.  Foreign drug companies have also been taking advantage of the week dollar and are pouring money into innovative companies. With investors leaning toward biotech new biomedical products might soon be coming to the market.

Click here to read the full article in San Francisco Chronicle.


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