Politics / Law

Biotechs emerge as important players in 2012

18.01.2012

Brussels – Predicting the future is often not more than a guessing game. But two signs recently appeared on the horizon which indicate that the biotechnology industry will play a dominant role in the dynamics of EU economics in 2012 and beyond. The first one is the notion that 85% of net new jobs in the EU between 2002 and 2010 were created by small and medium sized enterprises (SMEs). This means that SMEs with a 67% share in total employment punch considerably above their weight when it comes to creating new jobs. Most biotechs are SMEs. The numbers are the result of a study which looked at the essential contribution of SMEs on job creation between 2002 and 2010 and which was published by the European Commission. The second sign for an active role of biotechnology in the European economy in 2012 was spotted by Bloomberg. The service provider indicates that Europe’s largest drugmakers will invest heavily in acquisitions of biotechnology companies this year. The value of acquisitions announced by Europe’s ten largest pharmaceutical companies plunged to €1.65bn in 2011 from €33.5 billion the year before. But facing a steep patent cliff – there's talk of a whopping EUR16.5bn loss of sales due to patent expirations – the companies will go on a buying spree, Bloomberg predicts. "You can never have enough pipeline", analyst Les Funtleyder told Bloomberg. And biotech companies are cheap right now, some of them trade at only twice the value of their cash reserves alone.

Politics / Law

23.03.2012

Brussels/Strasbourg – Health claims are set to be drastically limited in the EU. On Wednesday 21 March the Environment Committee of the European Parliament confirmed a proposal of the European Commission to prohibit 1,600 health...

Politics / Law

15.03.2012

Parma/Stockholm – Foodborne bacteria such as Salmonella and Campylobacter are becoming more and more resistant to antimicrobial drugs, according to a joint report published by the European food watchdog EFSA and the European...

BioFunding

09.03.2012

In mid-February, scientists and entrepreneurs from nine EU countries met at the Center for Genomic Regulation (CRG) in Barcelona to launch the 4DCellFate project. Positioned within the FP7 Programme, the consortium will receive...

BioFunding

09.03.2012

Brussels – The EU’s Innovative Medicines Initiative (IMI) will establish the European Lead Factory, an EU-wide public-private partnership aiming to facilitate drug discovery efforts. The Lead Factory will comprise a...

Editorial

07.03.2012

T    he societal and economic challenges facing Europe and the world are complex and interconnected. The Bioeconomy Strategy and Action Plan “Innovating for Sustainable Growth: a Bioeconomy for Europe”, which was adopted by the...

Tech Review

07.03.2012

Intellectual Property (IP) is without question one of the most vital aspects of any bio­tech venture, a key and undisputed factor for success. However, most bio­tech companies are still incapable of unlocking the value of their...

Clinical Trial

07.03.2012

Schlieren – Swiss Cytos Biotechnology Ltd. has been authorised to restructure a convertible bond by Canton of Zurich authorities. The company does not have enough cash to pay it back. Negotiations with bond holders failed in a...

Clinical Trial

06.03.2012

Munich – German 4SC AG jumped 39% to €2.05/share after oncology drug candidate resminostat met the primary endpoint of at least a 20% progression-free survival rate in a Phase II trial to treat patients with hepatocellular...

Editorial

06.03.2012

The start of 2012 witnessed the tides turning in favour of small and mid-cap names in the European Life Sciences sector. Major global biotechnology indices like the NBI, BTK, and BIOTK are up over 15% year to date. The pace of...

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