Biotech industry may best bad economy

NEW YORK The biotech industry may come out of the bad economic climate relatively strong, according to analysis by the Associated Press.

AP noted that biotech stocks were among the safest investments in 2008, and a wave of buyouts of small biotech firms by larger drug makers has prevented the market from collapsing. 

The lack of a means to approve biosimilars has also protected the sector from the generics competition facing larger drug makers.