It was a figure I saw. As another poster observed, such things are not straightforward in estimation, since a good deal of the business is private, and the boundaries of the field are ill-defined. My wife has a saying, never argue religion with a Baptist. Perhaps you saw the short item in Nature Biotechnology a while back addressing the religious dimension of biotech fanaticism.
Just so you and rustyboy understand the POINT of my remark, it was that the future of biotech is bright indeed from every point of view except that of the OWNERS. They are certainly not the only stakeholders, but they ARE stakeholders.
In more ways than one. Perhaps, as has been suggested in the media, the industry will witness an aggregate profit by the end of this decade. Perhaps GTCB will survive, if only as the result of our acceptance of a two dollar offer. But you are whistling past the graveyard with your God is in His Heaven and all is right with the world attitude, and this essay sets forth some of the reasons why:
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