Denmark's biotech SMEs have a valuable growth generating role  

2002.09.11
Morgan Stanley conference concludes that pharma heavyweights need biotech SMEs to ensure future growth

The major pharmaceutical companies have a general need for small and medium sized biotech companies to ensure future growth. That was one of the main conclusions of a Morgan Stanley health sector conference held last week, reports financial newspaper Børsen. However to be attractive as potential cooperation partners, biotech SMEs must have phase 2 or phase 3 products in the pipeline says Jyske Bank, which participated in the conference. These pipeline products are highly sought after, a fact evidenced by an agreement made between NeuroSearch and Boehringer Ingelheim, which Jyske Bank describes as "very lucrative".

Denmark is fortunate in having a dynamic biotech cluster in what is now called Medicon Valley, one of the three largest medical and biotechnological growth centres in Europe. Besides being home to more than 60% of Scandinavia’s pharmaceutical industry heavyweights, Medicon Valley also has over 200 biotech SMEs. In the biotech industry, the region is reputed to have the highest turnover per capita in the world.

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