They Believe In A Place Called Hope

The Clinton Administration's assault on drugmakers has sent their stocks into a tailspin, precipitating a sharp decline in the broad over-the-counter market. But that hasn't fazed Peter F. Drake, executive vice-president at Vector Securities International Inc., a small investment bank in the Chicago area. He has been focusing on a less visible facet of Clinton's economic plan: a tax break for long-term investors in small companies. Drake is organizing a new $30 million fund to invest in small biotechnology concerns. "The great thing about Washington is they create opportunities," says Drake.

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