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June 13: Biotech

Monday - 6/13/2011, 2:58pm  ET

The economic downturn made funding harder to come by for many capital-intensive biotech companies, and that meant out-sourcing drug development and other services. The result -- a boost for service providers that for years have made money by working through challenges largely unique to life sciences companies. The Washington Post says one such company Rockville-based Advanced Bioscience Laboratories, they just unveiled a new 72,000-square-foot facility.