Term Sheet — Tuesday, February 13

BIOTECH BOOM

Good morning, Term Sheet readers.

Bill and Melinda Gates published their annual letter today in the form of a Q&A consisting of the 10 toughest questions they get asked. One of the questions is: Why do you work with corporations? Bill said the following:

We think poor people should benefit from the same kind of innovation in health and agriculture that has improved life in the richest parts of the world. Much of that innovation comes out of the private sector. But companies...

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