Snake Farm Feels Bite as Drugmakers Cut Orders

Oct. 31 (Bloomberg) -- Venomous snakes in the French town of Valence are feeling the bite of Europe's economic crisis. Latoxan, a company that farms snakes and scorpions to sell their venom to drugmakers such as Johnson & Johnson and Sanofi, expects sales to drop 30 percent this year as clients cut back on orders. Bloomberg Television's Tom Gibson reports.(Source: Bloomberg)