Companies / France
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Biotech Wary Of Socialist Victory
February 2007 | Industry NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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France's biotech sector is reported to be wary about a victory for Segolene Royal in the presidential elections in May, with some predicting a 'flight of capital' if the Socialist party gets into power. The warning - which comes from Philippe Pouletty the honorary chairman of France Biotech - is fuelled by fears that the centre-left will raise taxes for the highest earners and largest companies. It has recently emerged, that the number of people fleeing France for tax reasons doubled between 2003 and