ATLANTIC Biotechnology Firm Files for I.P.O.
In 1992 he joined New England Biolabs, a biotechnology firm.
Earlier this year Astra Zeneca bought MedImmune, an American biotechnology firm, for about $16 billion.
For proof, consider Ernesto Bertarelli, chief executive of Serono, Europe's biggest biotechnology firm.
He is also a founder and the chief executive of SteriCoat Corporation, a biotechnology firm in Cambridge, Mass.
When AstraZeneca bought MedImmune, a biotechnology firm based in Maryland, in 2007, 300 people worked in the Cambridge lab.
Dr. Letts, 43, is the director of intellectual property management at Diadexus Inc., a biotechnology firm in South San Francisco.
At Penn, for instance, Dr. Wilson also founded a biotechnology firm, Genovo, in which he holds stock.
Takeda, Japan's largest drug maker, bought the American biotechnology firm Millennium Pharmaceuticals in April for more than $8 billion.
"I'm concerned for the city," said Gary Foster, 42, a public relations official at a biotechnology firm at Rockefeller Center.
"It was disappointing, no doubt," said Kiran Mazumdar-Shaw, chairperson of leading biotechnology firm Biocon and president of B.PAC.
