Back to School: How biopharma can reboot drug development. Access exclusive analysis here

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WASHINGTON - Declaring that increasing competition has caused the U.S. leadership in biotechnology to diminish, the Clinton administration last week sent to Congress details of a $4.3 billion "Federal Biotechnology Research Initiative" whose goal is to "sustain and extend U.S. leadership in biotechnology research for the 21st century."

The proposal is nearly 7 percent above the $4 billion initially proposed last year by President Bush's biotech initiative. However,

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