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CANADA'S BIOTECHS SHORT ON CASH

Published: 10 July 2009

Director Emeritus, David Lank, of the Dobson Centre at the Desautels Faculty of Management at Ï㽶ÊÓƵ, and co-founder of Helix, Canada's oldest venture-capital firm, said the industry's problem is a matter of the 'pigeons coming home to roost.' Mr. Lank said when many of these firms were being financed five to 10 years ago, 'everybody was flush with venture-capital money. Biotech was going to solve all the problems of the world. We had this idolatrous worship of science,' he said."

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, July 8, 2009

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