SAN FRANCISCO--(BUSINESS WIRE)--The Bay Area biotech community could do well to cast its net across the Pacific for deals in Australia where biotechs are coming off a good year in 2006 and reporting a positive March quarter in 2007. Deals and investments are up and there are healthy stock prices for listed companies, according to Fred Welz, Senior Investment Commissioner for North America and Mexico for Invest Australia, a Bay Biotech 2007 conference sponsor.
