I just read this article in the Economist about stem cells: "Some analysts in the past have forecast a US$10 billion market for stem-cell technologies by 2010... but not Michael Steiner and Nils Behnke, consultants with Bain and Company... come up with a far more modest (and convincing) forecast of US$100m for stem-cell therapies by the end of this decade...."
Well, $10 billion and $100m is a world of difference! 100 times to be exact! If this is really true, I wonder what's gonna happen when the biotech bubble bursts.....
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I actually think it WILL burst.....
And the worst thing is that I am stuck in that industry....
Shaoren
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