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GENpoll: Jul 27, 2009

The Impact of the Financial Downfall on Biotech

How do you think the current financial crisis will affect the biotech industry?

A significant number of companies will simply go out of business.
 
  28.3%
There will be a great deal of consolidation as many companies merge or are taken over.
 
  45.0%
The bioindustry will ride this recession out as it has in the past and will pretty much look the same as it does now over the next five years or so.
 
  23.3%
Undecided.
 
  3.3%

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The severe recession that has impacted the global business community over the past year is affecting the biotech industry worldwide as well. While funding has always been the number one financial consideration for life science companies, some biotech observers believe that the length and depth of this particular recession is going to change the very structure of the bioindustry. What do you view as the most likely scenario for biotech?

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Genetic Engineering & Biotechnology News (GEN) has retained its position as the most widely read biotechnology publication around the globe since its launch in 1981. Published 21 times a year and with additional exclusive editorial content online, GEN's unique news and technology focus includes the entire bioproduct life cycle from early-stage R&D, to applied research including omics, biomarkers, as well as diagnostics, to bioprocessing and commercialization.

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