Latest From Biotech Now

Fireside Chat with Moncef Slaoui, GlaxoSmithKline

Dr. Moncel Slaoui

Moncel Slaoui, chairman of research and development (R&D) at GlaxoSmithKline (GSK), opened the 2012 BIO CEO & Investor Conference with a Fireside Chat where he provided insight in to his company’s biopharma R&D strategy. “GSK has announced that our R&D budget is no more a percentage of sales. If you think about it, it doesn’t make sense,” Slaoui stated, “because, sales are a marker of R&D 10 and 15 years ago.” Right now, GSK has Read More >

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Petroleum Refiners Express Contempt for RFS

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At the National Biodiesel Conference earlier this week, AFPM President Charles Drevna called the Renewable Fuel Standard (RFS) an “anachronism” and claimed that “it’s not working as intended.” Should he be believed? Congress established the RFS with steadily increasing volume mandates for cellulosic biofuels in order to open the petroleum-dominated market to alternatives and spur growth in the industry. Despite the resistance to innovation from the petroleum refiners, that purpose in not an anachronism. Moreover, Read More >

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BIO Helps You Continuously Connect

Rob Wright

By Rob Wright, Life Science Leader As I perused a bunch of the show agendas I will be attending over the next several months, it occurred to me how helpful these shows are for helping connect me with people who make for interesting editorial. Depending upon the size of the show, this can be very easy or sometimes difficult. Last year’s BIO (Biotechnology Industry Organization) International Conference was held in in Washington D.C., and it Read More >

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Biotech Crops Are Winning Over Farmers

Soybeans

Fortune magazine’s Marc Gunther wrote a blog this week about the growing adoption of  biotech crops and the debate over their use: The debate over biotech crops has become predictable. In his 2012 annual letter from the Gates Foundation, Bill Gates, who has a near-religious faith in technology and innovation, argues that an “extremely important revolution” in plant science, i.e., genetically-engineered crops, can help farmers in poor countries by giving them access to new varieties Read More >

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A Very Big BTK January

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We all heard reports that January was a great start to 2012 for the stock market, and even more so for Biotech. But how big was it, really? The Amex Biotech Index (the “BTK“) had its biggest January on record, since 1992, with a +21% pop: The companies behind the numbers? The Nasdaq Biotech Index was up 11%, the best in a decade. The January 2000 jump of 15% is still a tough month to beat Read More >

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