Oh, that's why the 401k still looks like s*** and the kids' college bills skyrocketed -- so losers like this could get money to burn!
"BioVex raises additional $30m; Woburn firm tries new way to battle cancer" by Robert Weisman, Globe Staff | November 10, 2009
BioVex Inc., a Woburn biotechnology company that raised $40 million in venture capital in March to develop a novel cancer-fighting treatment, today will disclose it has raised another $30 million.
Even though "it's never been easy to turn a profit in biotech."
And YOU PAID FOR IT, America!
The funding rounds together represent the second-largest venture investment in a US biotechnology company this year, according to data from the National Venture Capital Association.... Unlike the BioVex financing in March, which came from existing investors, the latest round comes from a consortium of new investors, led by a pair of Boston venture capital firms, MVM Life Science Partners and Morningside Venture....
Related: Vampires Are Real
Feeling a little weak, American?
More bloodsucking:
"Boston Scientific settles for $296m; CEO is working to clean up issues" by Robert Weisman, Globe Staff | November 7, 2009
Boston Scientific Corp. yesterday said it has agreed to pay $296 million to settle a US Department of Justice investigation into charges that its Guidant heart-device subsidiary made faulty product reports to the Food and Drug Administration. The resolution, part of an effort by the company’s new top executive to clean up long-running legal issues, more than erased the $200 million profit the company reported for the third quarter....
--more--"
Scientific Swindles
