Biden's Plug for Pacific

IPO hopeful Pacific Biosciences Inc. got a nice plug last week from U.S. Vice President Joe Biden, who released a report intended to showcase the impact the 2009 American Recovery and Reinvestment Act (ARRA) is having on innovation. Pacific Biosciences was one of just three companies - and the only biotech - held up as examples of innovation sparked by stimulus funding.

"The U.S. is now on-track to achieve four major innovation breakthroughs thanks to Recovery Act investments," Biden said in a statement announcing the report...