New York Times Gives a Dim Report on Biotech Industry

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NEW YORK, January 25, 2001: Early efforts to escape government regulation have backfired on the biotech industry in America, according to this very long article in the New York Times. Opposition to labeling, lobbying in Washington to set their own rules and general ignoring of consumer concerns have all caught up with the industry the report says. Now Americas are getting as edgy as the Europeans, who have completely banned genetically modified food from human consumption. The Times report is unusual in its bleak evaluation of the industry’s future.