I'm living in Canada, running a headhunting firm called Cortex Search Inc.. My business revenue is dependent on biotech companies hiring new positions, or filling vacant positions.
Success has come from my business being drawn from small biotech companies, usually less than 100 people, and 99% of the time the companies are funded, but have no revenue. The good companies stay around until there is no chance their product will be a success. Not because they ran out of money, but because their product had no potential to save lives or improve quality of life.
Now, it seems, some of the biotech executives are feeling like the boys from detroit. A biotech bailout was recently proposed.
If ever an industry would understand Darwin, i thought it would be the biotech industry.
Trust me, show investors a drug that helps cancer patients, lowers cholesterol, relieves pain, treats arthritis effectively, etc., there will be investors... Enless their money was with Bernie Madoff.
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There's nothing like a little corporate welfare to take the money away from legitimate charities at this time of year!
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