The makings of a biotech bubble?

posted by
July 7, 2011
Casey Research
by Alex Daley  
Posted in Commentary

"In 2010, biotechnology companies both public and private raised $32.7 billion, an all-time record for funding. The previous high-water mark came (not surprisingly) at the technology blow-off top in 2000, when $31.4 billion was raised -- more than the preceding six years combined. That was a bubble. While today’s funding may sound like it’s reached bubbly proportions, since we’re back at 2000 levels, the comparison isn’t really apt. Interest in the sector today has yet -- for several reasons -- to hit the kind of fever pitch associated with a true speculative mania." (07/06/11)  

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