News

Sweden boosts life sciences
Enlarge image

ResearchSweden

Sweden boosts life sciences

21.09.2012 - The Swedish Government is set to boost its life sciences industry with a US$320m investment over the next four years.

Swedish Prime Minister Fredrik Reinfeldt confirmed the country’s largest ever investment into the life sciences. Speaking at SciLifeLab in Stockholm, a major research infrastructure project aimed at maintaining the country’s position in protein science, Reinfeldt announced a package of measures totalling US$1.7bn over the next four years, of which $ 320 million is devoted to life sciences. According to the decision of Reinfeldt and four ministers, the budget of SciLifeLab will be doubled to a total of US$100m. The centre combines state-of-the-art research infrastructure with a broad knowledge in translational medicine and molecular bioscience in order to translating discoveries into both tools and therapies. Additionally, US$220m will be pumped into drug discovery, clinical research, antibiotic resistance research, health in aging and the use of patient registries. 

Most of the money will be invested into the Stockholm-Uppsala biocluster which is home to more than 50% of Sweden’s thriving life science companies. Stockholm-Uppsala Life Sciences CEO Ola Bjorkman welcomed the Prime Minister’s commitment: “In our recently published report, we pointed out the ambitious, future plans for further strengthening the life science sector in Stockholm-Uppsala, thereby ensuring that the region remains a truly global life science cluster. In particular, the investment in SciLifeLab with its cutting edge research infrastructure combined with parallel investments in drug discovery, clinical research and the use of patient registries open new avenues for developing more personalised and outcome-orientated healthcare.” 

According to a report published this August, the Stockholm-Uppsala region is one of the largest clusters in Europe. According to official sources on limited public companies, the region is home to 633 companies, which employ 23,376 staff and had a combined turnover of €20bn in 2010. More than 16,000 employees (70%) work with R&D-orientated companies while 30% are distributors. Pharmaceutical companies such as AstraZeneca (5,600 jobs) employ 13,500 staff followed by medical technology firms 4,700, biotech tools & supply enterprises such as GE Healthcare (1,225 jobs) with 2,750 (12%), CROs and other services with 1,250 staff and diagnostics companies with 1,050 jobs.

http://www.european-biotechnology-news.com/news/news/2012-03/sweden-boosts-life-sciences.html

Stock marketsEU

29.01.2015 Denmark's Ascendis Pharma has successfully raised US$108m with its upsized NASDAQ IPO, while Irish animal health specialist Nexvet is waiting in the wings.

Contract ResearchEU

28.01.2015 EMA recommends suspending around 750 generic medicines marketed throughout the world after India’s GVK Biosciences is accused of faking bioequivalence studies. Meds considered critically important for patients will remain available.

RegulationEU

21.01.2015 The EMA is asking for comments on how to implement the transparency rules of EU Clinical Trial Regulation, pointing to the new clinical trial portal and database as the main instrument.

Stock marketsEUGermany

21.01.2015 2014 was a record year for biotech companies on the European stock market, with a total of €2.4bn raised in the year - 25% more than in the year before.

ResearchEUUK

20.01.2015 Ebola research projects are set to receive €215m in funding from the European Commission’s IMI2 Ebola+ programme. Among the project partners are vaccine developers Glaxosmithkline, Johnson&Johnson and Merck. 

Stock ExchangeUKDenmarkFrance

16.01.2015 It's time to get used to weekly IPO plans by European biotechs. UK's drug discovery firm Redx Pharma Ltd, established just five years ago, has come of age with their £80m (€105m) IPO plans.

M&ASwitzerland

14.01.2015 Pharma kingpin Roche has launched a billion-dollar transaction for a total of US$1.2bn (€1bn), taking over the majority of US cancer specialist Foundation Medicine.

PoliticsEU

14.01.2015 The European Parliament has backed the legislation allowing individual countries to restrict or prohibit the cultivation of genetically modified crops that have been authorised at EU level.

M&AIrelandUK

13.01.2015 Shire beefs up its rare disease portfolio after acquiring NPS Pharma with the aim of becoming a leading biotech in a US$5.2bn deal. Part of the deal is the US biotech's lead portfolio of gastrointestinal and hormone replacement therapies.

M&ASwitzerlandFrance

09.01.2015 The excitement surrounding CRISPR genome editing shows no sign of abating. This month, Novartis and US biotech Intellia Therapeutics became the first ever biotech-pharma collaboration to use the groundbreaking technology.

Events

All Events

Current issue

All issues

Product of the week

Products

Stock list

All quotes

TOP

  • CO.DON2.40 EUR11.63%
  • SARTORIUS113.95 EUR4.93%
  • EVONIK27.85 EUR3.69%

FLOP

  • ADDEX3.30 CHF-4.07%
  • BIOFRONTERA1.95 EUR-3.47%
  • MEDIGENE3.70 EUR-2.63%

TOP

  • CYTOS0.33 CHF43.5%
  • ADDEX3.30 CHF42.2%
  • FORMYCON14.30 EUR41.9%

FLOP

  • BIOFRONTERA1.95 EUR-15.2%
  • ACTELION100.20 CHF-13.8%
  • MOLOGEN5.60 EUR-11.8%

TOP

  • SANTHERA105.50 CHF2557.4%
  • BB BIOTECH256.75 EUR102.4%
  • FORMYCON14.30 EUR90.7%

FLOP

  • CYTOS0.33 CHF-90.9%
  • MOLOGEN5.60 EUR-51.5%
  • 4SC0.82 EUR-50.0%

No liability assumed, Date: 28.01.2015