BIO: debating value in Chicago
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BIO: debating value in Chicago

25.04.2013 - At the BIO International convention in Chicago, analysts have reported strong performance from the global biotech sector.

They pointed out that there is an urgent need for the industry to demonstrate value of products under development. For 2012, Ernst & Young’s industry report “Beyond borders” reports an increase in revenues by 8% to US$ 89.8bn, with the net income of US$5.2 bn, representing a record high. In Europe, revenues of public biotechs grew 8% to US$ 20.4bn. However, R&D expense decreased by 1 %, which is regarded as an indication that the firms remain in a cost-cutting mode. 

A new survey amongst small and mid-size companies has revealed an “implementation gap” when it comes to gathering evidence to demonstrate the value of products at early stages of development. “Biotech companies can no longer afford to pursue an R&D strategy that only focuses on whether or not their drug works”, said Gautam Jaggi from the Ernst &Young Global Life Sciences Center. Strategic investors and pharma alliance partners would now consider such data to be key drivers of their product and company valuations. “Companies cannot afford not to rethink their R&D approaches and to invest in addressing questions of value”, he said. 

In his talk, Steven Burrill presented similar view. The life science industry insider said in his “supersession”, that value of products is not a constant. “Instead, companies will need to be prepared to prove the value of their products in a world where value is transient, value is payer dependent and value is geographically different“, he said. And, as pressures on pricing intensify, companies will need to be creative in forging new ways to capture value. “Value, like beauty,”  Burrill said, “is in the eye of the beholder.” Companies should have that in mind very early in development.  Celebrating its 20th birthday, BIO International Convention was held in Chicago this year. The most important event for the global biotech industry has attracted over 2000 exhibitors this year, and will see more than 25.000 partnering meetings. 


Drug DevelopmentUKBelgium

01.10.2015 Autoimmune disease specialist Apitope has raised €12m in a Series B financing round and is relocating its UK headquarters to Wales.

Drug DevelopmentFranceEUFinlandSpainItalyAustria

01.10.2015 Paris-based BEAM Alliance, a network of companies working on novel antibiotics founded earlier this year, has released its first position paper.


29.09.2015 Swiss CNS specialist Asceneuron SA has raised CHF30m (€27.5m) in a Series A financing, winning Paris-based Sofinnova Partners as its largest investor.


28.09.2015 US company Aduro Biotech has acquired Dutch monoclonal antibody discovery and development firm BioNovion for €29m plus milestones.


24.09.2015 Nutrition company Nestlé is teaming up with biopharmaceutical company AC Immune SA to develop a Tau diagnostic assay for early Alzheimer’s.


22.09.2015 Bayer has taken another step in its restructuring and development as a life sciences company after splitting from all its chemical divisions.


18.09.2015 AstraZeneca has partnered up with the US Department of Health in order to accelerate the development of new antibiotics. The goal: to be prepared for multi-resistant bugs – and for bioterrorism.


17.09.2015 Another European biotech is coming with a hefty price tag for its US buyer. Amgen Inc. has acquired privatly held Dutch company Dezima Pharma B.V. for US$1.55bn (€1.37bn).


15.09.2015 German Merck’s biopharma business Merck Serono has laid the cornerstone for its newest R&D facility. The laboratory represents an investment of €65m.


14.09.2015 The long summer resulted in a lull in the life science sector’s stock market activities, but now the speed is picking up again. Acacia, Faron and Shield have all taken the plunge on the London Stock Exchange, while others are filing overseas.


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  • THERAMETRICS (CH)0.06 CHF20.00%
  • PROTHENA PLC (IE)49.54 USD9.14%
  • BIOFRONTERA (D)2.27 EUR7.08%


  • BAVARIAN NORDIC (D)35.60 EUR-8.48%


  • CHRONTECH PHARMA (S)0.38 SEK3700.0%
  • THROMBOGENICS (B)3.84 EUR34.7%
  • OREXO (S)60.75 SEK22.2%


  • TRANSGENE (F)2.64 EUR-45.3%
  • GALAPAGOS (B)36.57 EUR-28.9%


  • KARO BIO (S)45.50 SEK4740.4%
  • CHRONTECH PHARMA (S)0.38 SEK375.0%
  • VERONA PHARMA (UK)4.55 GBP237.0%


  • NEOVACS (F)0.69 EUR-80.5%
  • BIOTEST (D)17.90 EUR-77.1%

No liability assumed, Date: 03.10.2015