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The Boys' Club

Women entrepreneurs are creating a formula for success.

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This story appears in the January 2008 issue of Entrepreneur. Subscribe »

When it comes to rapid growth, the biotech industry is no slouch. According to Ernst & Young's 2007 "Global Biotechnology Report," capital raised by the world's biotechnology companies grew 42 percent in 2006 to reach $27.9 billion. So how are women faring in this red-hot industry?"We saw women entrepreneurs having a much harder time raising money and getting resources," says Robbie Melton, president of Women In Bio, a national organization. "[That's why] we offer educational programs--to give them a leg up."

"The number of women entrepreneurs is growing, but there are still far fewer women entrepreneurs in biotech than men," says Jane H. Hollingsworth, founder of Malvern, Pennsylvania-based Auxilium, a urology and health products company that earned revenue of about $94 million last year. Now CEO of NuPathe Inc., a developer of therapeutic products for neurological and psychiatric diseases, she attributes the lack of women in biotech to fewer role models.

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