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Wanted: A cure for capital market panic

This article was originally published in Scrip

Executive Summary

My favourite biotech cartoon pictures a physician sitting at his desk holding a piece of paper and saying to his patient: "I don't usually recommend biotech shares but this one has come up with a cure for stock market panic." In recent weeks, the news that a number of venture capitalists are walking away the life sciences suggests an urgent unmet medical need for a capital market calming treatment.

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