FR article - biotechs

Ok. It is a bit old (apologies if it was already posted). Interesting reading with IPD getting a mention. Worth a read. Extract posted and link given to full article. (Financial Review)

"..Ignorance leads to opportunity – at least that’s the theory of one London-based fund manager, who has singled out the biotechnology sector as offering some of the best growth stocks on his Australian watch list.
The fundie, who declined to be named, said the potential advantage comes about because the Australian investor “just doesn’t get it”. It’s a harsh but fairly true assessment, say analysts who cover the beat.
But it’s not just mum-and-dad investors. Company executives often complain that local fund managers and analysts don’t have a strong understanding of the sector either.
So if even the professionals can stumble, what hope is there for retail investors to identify and profit from the next wonder drug? Morgans analyst Scott Power says the place to start – Biotechnology 101, if you will – is taking a broader look at emerging life science companies...."

http://www.copyright link/p/busines...next_hot_biotechnology_sm5ohPvRfgmZNwzW1HNYIM