News

Unleashing the power of patriots
Enlarge image

FundingUKFrance

Unleashing the power of patriots

04.09.2012 - The Bioindustry Association suggests to create a fund that allows Britons to invest in innovative small companies in their home region.

When an idea from France is worth considering in the UK it has to be indeed ground-breaking. London-based Bioindustry Association (BIA) published on 3 September a new report that proposes the creation of a so-called „Citizen’s Innovation Fund“ (CIF). The concept is based on the French „Fonds Communs de Placements dans l’Innovation“ (FCPI) that has raised over €6bn since 1997. The basic idea is to fuel funding of small companies by offering investors tax advantages that, according to BIA Chief Executive Officer Steve Bates, „would allow members of the public to put up to £15,000 a year into a fund for dragons’ den-style experts to invest in innovative companies – with a tax break if they keep their money invested for five years.“ By investing in local enterprises, the CIFs would improve the British public’s engagement in the economic development of their homeland.

The BIA estimates that £300m a year could be unlocked. The money would allow the companies to grow faster and pay taxes sooner than otherwise possible. The government’s expenditures would be levelled within three years and as a side effect over 1,500 new jobs could be created.

http://www.european-biotechnology-news.com/news/news/2012-03/unleashing-the-power-of-patriots.html

GenericsEUUKHungaryGermanyItalyGreeceAustriaLuxembourgFranceSpain

26.02.2015 It is the first biosimilar monoclonal antibody in many European markets: Mundipharma and Hospira are launching Celltrion’s Remicade generic.

M&AUK

23.02.2015 British drug developer Heptares has been acquired by Japanese biopharma play Sosei for US$400m (€352m).

bioethanolGermanyUKBelgiumFrance

19.02.2015 The price of oil has been sliding for months, and the European bioethanol market is taking it hard. CropEnergies AG has now stopped production at its British unit Ensus UK.

BusinessFranceGermany

17.02.2015 After Christopher Viehbacher’s unceremonious ousting last year, Sanofi has been on the look out for a new CEO. Now, sources say Bayer’s Olivier Brandicourt is set to fill the position.

BusinessUKSwitzerland

12.02.2015 Glaxosmithkline is intent on bolstering its vaccine portfolio further and has bought all shares of Swiss development partner Glycovaxyn.

InvestmentsUKEU

10.02.2015 Interest in biotechnology is on the rise among British investors. Not just one, but two major financiers are planning investment funds in the field.

IVFUKEU

04.02.2015 In a historic move, the UK is set to become the first country to allow the creation of babies with the genetic material of three people – a mother, a father and a female mitochondrial donor.

Events

All Events

Partner-Events

Planegg/Martinsried

1st Munich Biotech Pitch

Berlin (DE)

Proteomic Forum 2015

Current issue

All issues

Product of the week

Products

Stock list

All quotes

TOP

  • 4SC0.78 EUR0.00%
  • ACTELION114.40 CHF0.00%
  • ADDEX3.20 CHF0.00%

FLOP

  • CYTOTOOLS31.45 EUR-0.47%
  • 4SC0.78 EUR0.00%
  • ACTELION114.40 CHF0.00%

TOP

  • WILEX3.43 EUR75.0%
  • BASILEA122.20 CHF16.3%
  • ACTELION114.40 CHF13.5%

FLOP

  • SANTHERA94.55 CHF-10.0%
  • 4SC0.78 EUR-7.1%
  • STRATEC BIOMEDICAL43.49 EUR-6.8%

TOP

  • SANTHERA94.55 CHF2330.6%
  • WILEX3.43 EUR481.4%
  • FORMYCON16.70 EUR106.7%

FLOP

  • CYTOS0.34 CHF-88.7%
  • MOLOGEN5.38 EUR-55.7%
  • BIOFRONTERA1.84 EUR-53.3%

No liability assumed, Date: 28.02.2015