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I am interested in your thoughts on how the biotech industry is going to shake out 10 years down the road. We all know that the current state of the world's economy moves companies to consolidate. It happens in every industry, which makes it likely that it will happen in the biotech industry.

So, how will biotech consolidate? Will several of the big pharmaceuticals buy some of these biotechs to expand their business? If so, anyone want to speculate on which pharms will buy which bios? Or will the bios merge to create several mega-bios? If so, which bios are likely to merge with each other?

Eagerly awaiting your replies.

Doug
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