Cuba Inc. open to foreign capitalists, but within limits

Communist Cuba's newfound interest in foreign capital has its limits, as Philippe Pouletty found out. A French doctor, venture capitalist and founder of biotech company Abivax, Pouletty is working with Cuba's Center for Genetic Engineering and Biotechnology to develop a therapeutic vaccine to treat chronic Hepatitis B that could be on the Asian market in two years and in Europe after that. "I told him in a half serious, half joking mode, that I had a capitalist proposal," Pouletty said of his conversation with Cuban revolutionary leader Fidel Castro's eldest son, Fidel Castro Diaz-Balart, a science advisor to the government.

Cuba Inc. open to foreign capitalists, but within limits source: http://finance.yahoo.com/news/cuba-inc-open-foreign-capitalists-120515152.html