The Life Sciences Report: Is biotech going to continue its bullish trend during 2013?
Ram Selvaraju: Yes, I think so, George. The main and important consideration is the stance of the U.S. Food and Drug Administration (FDA). There has been a lot of discussion about how the FDA has been moderating its previously risk-averse stance. Moderation was clearly the case in 2012, when we had nearly 40 drugs approved—almost double the rate at which the FDA was approving drugs in lean years such as 2007 and 2008. Clearly there has been a paradigm shift. We think enthusiasm for small-cap … [visit site to read more]