Biotech and the coming revolution

Mark Evans talked with Patrick McGovern, chairman of Boston-based International Data Group, a 40-year industry veteran who believes the accelerated discovery of new drugs -- driven by powerful computers and three-dimensional software that will allow scientists to see the structure of humans and individual genomes -- will drive the next technology driven bubble. During a recent interview in Toronto to celebrate IDC Canada’s 20th anniversary, Mr. McGovern said, “Every 15 years, we go through an irrational bubble that occurs with a lot irrational behavior on the part of investors, who think they will make a windfall.” If Mr. McGovern's thesis proves accurate, the drug tech bubble should happen between 2013- 2015.

Source: National Post/Financial Post: Technology

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Howard Sholkin
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