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Nature Biotechnology 26, 359–360 (1 April 2008) | doi:10.1038/nbt0408-359

US credit crunch impacts biotech across the globe

Peter Mitchell

The worldwide shortage of debt finance triggered by the US property slump is touching vast corners of the global economy, and venture capitalists expect it will depress biotech company valuations even further this year. It also remains to be seen whether the credit crunch will be coupled with reduced investment volumes.