GermanyGermany

German biotech report: sector grows despite financial crisis

30.04.2010

Berlin/Chicago – Despite the financial crisis, the German biotechnology sector grew in the last year. According to a brand-new biotech-report commissioned by the German Research Ministry and published just a couple of days before BIO (Chicago, 3-6 June), Germany’s biotech firms increased employment by 5% to a total of 31.600 jobs (more...). Additionally, the number of biotech companies grew by 6% while revenues remained stable at EUR2.2bn, as in 2008. The report, conducted by biotechnologie.de (with a response rate of over 80% from the companies) provides an excellent source of internationally comparable figures, at it covers all biotech companies active in Germany and is compliant to the OECD biotechnology guidelines. In 2009, there were 531 dedicated biotechnology companies, an increase of 12 firms compared to 2008 and employing 14,950 staff (2008: 14,450). Additionally, the number of companies, in which biotech was only one aspect of business activity, grew from 92 to 114 enterprises, with 16,650 staff (2008: 15,520). The dedicated biotechnology firms had 8 drugs on the market and 102 under clinical development, had invested EUR1bn into R&D and received funding of EUR51m, the same amount as in the year before the financial crisis. However, while public companies increased their capital by EUR122m (+32% as compared to 2008), VC money was difficult to obtain for the most biotech SMEs. VC investments decreased by 30% compared to 2008 and achieved only EUR142m. "German biotech companies have shown tremendous robustness in the economic crisis. Many companies have adapted to the difficult financial environment and reduced their loss, mainly by establishing a profitable service business," said Boris Mannhardt, PhD, Director of Studies of biotechnologie.de and responsible for the annual survey.

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07.03.2012

The first of February marked a milestone for Leverkusen-based Bio­frontera AG in more ways than one. It was the first day that Ameluz, the firm’s first approved product, could be sold in German pharmacies. It was also the date...

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07.03.2012

Darmstadt – German pharmaceutical and chemical company Merck KGaA has set a downbeat tone for 2012. CEO Karl-Ludwig Kley said the recently launched cost-cutting programme and tough economic conditions will weigh on profits this...

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05.03.2012

Mainz/Leuna – Two biotech concepts were amongst the winners of the recent third round of the Excellence Cluster initiative, which is funded by the German Ministry for Research. In Mainz the champagne corks popped especially loud...

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05.03.2012

German Merck KGaA has closed a licencing agreement with US-based Threshold Pharmaceuticals Inc. The cooperation centres around the hypoxia­-activated drug TH-302, which is currently being studied in a global Phase III study....

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29.02.2012

Munich – Looking back with satisfaction and bent on a prize for good behaviour, German biopharmaceutical company Wilex AG reported yesterday on the fiscal year 2011 and outlined the shores in sight. The 2011 total revenue was...

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17.02.2012

Brussels – European cartilage researchers intensify their cooperation. The 'gristle network' comprises scientists from Belgium, France, Germany and Luxembourg. Its members plan to meet regularly to exchange views and information...

27.01.2012

Thousand Oaks/Munich - Bling bling for blinatumomab. It is a compliment for the European life sciences scene and sad news at the same time. Amgen Inc., the world's largest biotechnology company, agreed to buy Micromet Inc., an...

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20.01.2012

Martinsried - SHELTER is responsible for the fact that the stocks of 4SC behaved like a rodeo horse on Thursday. The shares rose in several stages up to 63%, only to settle at a mere 43% rise at the end of the day. SHELTER is a...

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17.01.2012

Ludwigshafen – BASF Plant Science GmbH, the agrochemistry and biotech arm of the world-largest chemistry company, thinks that it has outstayed its welcome in Europe. Over the next two years, most of the green biotechnology...

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10.01.2012

Munich - It is the accolade for Micromet. The German company, which is listed on the U.S. stock exchange, announced today that it has entered into a Cooperative Research and Development Agreement (CRADA) with the renowned US...

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