Bringing science to life

One of the nicest things about being an investor in life science companies is that you are really investing in healthcare ' a market that inexorably grows over time. People do not stop being ill because there is a recession, and neither do they decide to buy a triple bypass just because the economy is booming. The demographics of the developed world point to an ageing population ' healthcare costs increase with age. At the same time, most healthcare is provided by governments and the political implications of any attempt to reduce the rate of increase in healthcare spending means few gove...