Ernst & Young LLP: Record Venture Capital And Heated Deal Environment Propel Global Biotechnology Industry Forward In 2007

Boston, 20 May 2008 — The global biotechnology industry achieved record levels in financing and deal making in 2007, as investors and strategic partners showed strong confidence in the sector amid tightening global financial conditions that will continue to test the industry in 2008. These and other findings were highlighted in “Beyond Borders: Global Biotechnology Report 2008", Ernst & Young’s annual report on the trends shaping the biotechnology industry, released today.

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