Biotechnology: why is Europe lagging behind the U.S.?

Owen, G. (7 November 2016) Biotechnology: why is Europe lagging behind the U.S.? LSE Business Review.
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Of all the new technologies that have emerged since the Second World War, biotechnology is notable in the extent to which US-based firms, having taken the lead at the start, continue to dominate the world market. Why has it been so difficult for other countries to catch up?

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