Navigation Links
Biotech Industry Showing Resilience Despite Challenging Conditions
Date:4/28/2010

NEW YORK, April 28 /PRNewswire/ -- The global biotechnology industry was able to weather the continued worldwide economic turmoil and deliver a strong financial performance in 2009, with the world's established biotech centers reaching profitability for the first time in history. However, the gap between the "haves" and "have nots" in the industry continued to widen in 2009, posing new challenges for emerging companies in accessing the capital needed for R&D. These and other findings were released today in Beyond borders: global biotechnology report 2010, Ernst & Young's 24th annual report on the biotech industry.  

"Biotech companies have long confounded predictions on their ability to survive difficult economic conditions and 2009 was no different," said Glen Giovannetti, Ernst & Young's Global Biotechnology Leader. "Companies will continue to face a challenging funding environment for the foreseeable future. The firms best poised for success are those that can seize the opportunities latent in the near-universal need for increased efficiency -- from capital efficiency to new approaches to R&D and creative models for funding and partnering."

Key financial results:

  • Companies in the industry's established biotech centers of the US, Europe, Canada and Australia had an aggregate net profit of US$3.7 billion in 2009, an improvement from the US$1.8 billion net loss in 2008 marking the first time ever that these markets have reached aggregate profitability. This improvement was driven by a dramatic increase in net profit in
    '/>"/>

SOURCE Ernst & Young
Copyright©2010 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7

Related biology technology :

1. Immunovo BV- A New Biotechnology Company is Announced
2. Maryland Biotechnology Center Supports $270,000 in MIPS Projects
3. Reportlinker Adds Future of Red Biotechnology in China
4. Oncolytics Biotech(R) Inc. Completes Patient Enrollment in Phase I Portion of U.S. Phase I/II Recurrent Malignant Gliomas Clinical Trial
5. MedeFile Adds International Biotech Expert to Advisory Board
6. Champions Biotechnology Reports Fiscal 2010 Third Quarter Financial Results
7. Abbott Enhances Pharmaceutical Pipeline with Acquisition of Facet Biotech
8. Zenith Biotech Introducing Novel StemQ(R) Hepatic and Neural Models for Use in Drug Discovery, Metabolism and Toxicology Studies, at The 49th Annual Meeting and ToxExpo In Salt Lake City, Utah, March 7-11, 2010, Booth #136
9. UC San Diegos Biotech Demystified Program Offers Science Basics for Industry Leaders
10. Global Nanobiotechnology Market to Reach $4.94 Billion by 2015, According to New Report by Global Industry Analysts, Inc.
11. Predicted Second Wave of Biotech Growth and Development Begins
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/19/2013)... (PRWEB) June 18, 2013 A new ... materials, costs and other trends will highlight technical sessions ... California this fall. In its 33rd year, the three-day ... an exhibition of key suppliers, approximately 100 technical presentations ... SPIE, the international society for optics and photonics , ...
(Date:6/19/2013)... Express Diagnostics Int’l, Inc., manufacturer of ... it has received Class III medical device license approval ... DrugCheck® NxStep Onsite Drug Screen Cup in Canada. ... device in near-patient settings, such as physicians’ offices. , ... Canada Class III approval for 24 different drugs and ...
(Date:6/19/2013)... 19, 2013 Adding to their already ... stocked with Simport’s Dropette® and Heathrow Scientific disposable ... customer doing basic biology, chemistry and any type of ... For over 35 years, Simport has been supplying the ... products like the Simport Dropette®. Simport’s Dropette® is a ...
(Date:6/18/2013)... Clara, CA (PRWEB) June 18, 2013 ... to standard size SEMs but have limited performance and ... lower resolution. Full size SEMs would normally provide better ... more knowledge to operate and have a higher cost ... address the gap between these two types of ...
Breaking Biology Technology:‘Big Glass’ and Visions for the Future are on the Program for SPIE Photomask Technology 2‘Big Glass’ and Visions for the Future are on the Program for SPIE Photomask Technology 3Express Diagnostics’ DrugCheck® On-site Test Cup Receives Health Canada Class III Medical Device Approval 2Express Diagnostics’ DrugCheck® On-site Test Cup Receives Health Canada Class III Medical Device Approval 3Leading Pipette Distributor Pipette.com Now Stocks Transfer Pipettes: Simport’s Dropette and Heathrow Scientific Disposable Plastic Transfer Pipettes 2Nanounity Introduces the Pemtron Range of Compact Scanning Electron Microscopes 2Nanounity Introduces the Pemtron Range of Compact Scanning Electron Microscopes 3
... N.J., March 22, 2011 VENENUM Biodesign, a drug ... its compound collection to identify hits against its novel ... it will be exhibiting at the 17th SBS Annual ... Convention Center in Orlando, Florida, March 27-31, 2011. VENENUM ...
... sensor that opens up new ways to detect a ... to hidden explosives. The sensor, which is ... on a completely new architecture and fabrication technique developed ... generated by the scattering of laser light from a ...
... March 21, 2011 Coinstar, Inc. (Nasdaq: ... in SoloHealth, a consumer-driven healthcare technology company that ... including its award-winning EyeSite® product and the next-generation ... "As a leader in automated retail, ...
Cached Biology Technology:VENENUM Biodesign to Exhibit at SBS 2Princeton engineers make breakthrough in ultra-sensitive sensor technology 2Princeton engineers make breakthrough in ultra-sensitive sensor technology 3Coinstar to Invest in SoloHealth 2Coinstar to Invest in SoloHealth 3
(Date:6/18/2013)... , June 19, 2013  Paris Air ... as Geotest-Marvin Test Systems) , a leading provider ... aerospace industries, is demonstrating its solutions this week ... booth 3-C82. With growing challenges including increasingly complex ... demanding efficient, feature-rich, specialized aerospace test solutions that ...
(Date:6/18/2013)... Calgary,s Faculty of Medicine have discovered a mechanism that ... Platelets, a component of blood typically associated with clotting, ... upon detection, seal it off from the rest of ... Nature Immunology this week, provide the science community ... community has known that platelets do participate in immunity, ...
(Date:6/18/2013)... the United Kingdom, the Energy Department,s National Renewable ... have recently published a paper describing a novel ... Limnoria quadripunctata , commonly known as the gribble. ... exhibit a relatively unique ability to produce their ... break down the biomass they eat. New biomass-degrading ...
Breaking Biology News(10 mins):Marvin Test Solutions Demonstrates Next-Generation Armament Test Solutions at Paris Air Show 2Marvin Test Solutions Demonstrates Next-Generation Armament Test Solutions at Paris Air Show 3Immunity mechanism discovered 2Novel enzyme from tiny gribble could prove a boon for biofuels research 2
... restriction in an environment that promotes overeating and inactivity ... This behavior may contribute to the increased risk ... hours, according to a research abstract that will be ... Meeting of the Associated Professional Sleep Societies (APSS). ...
... YORK (June 10, 2008) The Wildlife Conservation Society ... del Fuego to help protect the guanaco a ... herds from the Andean Plateau to the steppes of Patagonia., ... million animals that live in highly fragmented populations due to ...
... developed at The University of Texas at Austin that ... response has been used to create acellular nerve grafts ... also shows early promise of the detergent solution having ... solution combined with an enzyme treatment conceived at ...
Cached Biology News:Sleep restriction results in increased consumption of energy from snacks 2Study of guanacos launched in Chile 2Engineer develops detergent to promote peripheral nerve healing 2