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Biotechs on the Brink Choose Last-Minute Deals, Not Liquidation

This article was originally published in Start Up

Executive Summary

Many biotechs, facing crisis situations in the fall of 2002, opted for deals that kept them alive but hardly offered much hope for upside. But in the coming months, boards may need to be far more realistic about their long-term prospects and consider a full range of options, including liquidation, when assessing a company's future.

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