Navigation Links
Ernst & Young Benchmarks Danish Biotech Pipeline Third in Europe
Date:12/1/2008

COPENHAGEN, December 1 /PRNewswire/ -- A strong pipeline makes the Copenhagen Region biotech cluster well prepared for the challenges ahead. With 185 drug candidates in preclinical and clinical development, Denmark ranks third in Europe. Only United Kingdom and Germany have a bigger pipeline.

Also in term of pipeline growth Denmark has a strong position as it experienced the largest pipeline growth among the countries in Europe.

These are the two main findings of the Ernst & Young report "Biotech in Denmark 2008 - Growing stronger" prepared in cooperation with the Danish Association of Biotechnology Industries.

"Being a global biotech company founded in Denmark, Genmab is proud to be part of the important Medicon Valley biotech sector. We have found the innovative climate inspiring in the process of building our late stage pipeline," says Lisa N. Drakeman, Ph. D., Chief Executive Officer of Genmab.

The report underlines the role of the Copenhagen Region. Of the 82 biotech companies in Denmark, 74 per cent are located in the Danish part of Medicon Valley, a biotech cluster stretching across the Copenhagen region and the south of Sweden.

The strong pipeline is backed by a proven ability to take drug candidates into preclinical and clinical development. Despite general difficulties in the western economies, many new companies have been founded over the latest years. The richness in young companies with a number of potential drug candidates in their pipeline opens a wide range of business opportunities for international companies willing to engage in partnerships.

"It is a great pleasure to see the Danish biotech environment keeping up its level. Denmark has a variety of smaller as well as bigger companies within biotech, ensuring ongoing innovation. The stronghold of the region was one of the reasons why Genzyme chose Copenhagen for our Nordic headquarters. We have already benefited from this location as in 2005 we bought a local biotech company, which is now Genzyme Biosurgery, producing cartilage for surgery purposes," says Hilde Furberg, Vice President for Genzyme's Northern Region in Europe.

A breakdown of the key indication area for the Danish compounds currently in clinical trials reveals that oncology is by far the largest with 37 per cent. Out of the 260 cancer compounds in clinical development in Europe, Denmark accounts for 17 per cent of the European pipeline.

Neurology (15 per cent) and inflammation/autoimmune diseases (14 per cent) are the fields with second and third most Danish compounds in clinical trials.

"The broad variety of competences has helped the Copenhagen Region position itself as one of the absolute top biotech clusters in Europe through a number of years. Besides the strong pipeline I notice that Denmark is in the European top five when it comes to the ability to attract venture capital," says Steen Donner, Managing Director of Copenhagen Capacity.

The Ernst & Young report "Biotech in Denmark 2008 - Growing stronger" can be downloaded at:

http://www.copcap.com/reports

For further information and comments please contact: Christina Heje, Business Development Manager, Copenhagen Capacity. Mobile: +45-28-94-13-41. Mail: che@copcap.com


'/>"/>
SOURCE Copenhagen Capacity
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. Agensys Founder, President, & CEO Dr. Donald Rice Named Ernst & Young Entrepreneur Of The Year(R) 2008 Award Winner for the Greater Los Angeles Area
2. Insmed to Present at Sanford C. Bernstein Biosimilars Long View Conference
3. Amyris Biotechnologies Co-Founder Neil Renninger Named to Technology Reviews Prestigious TR35 List of Top Young Innovators
4. Youngs experiment in a hydrogen molecule
5. Young Physicians Demanding Advanced Laparoscopic Energy Instruments
6. Genome Technology Magazine Names Top Young Investigators of 2007
7. The neural basis of number sense in young infants
8. Global Probiotics Council Announces Young Investigator Grant for Probiotics Research to Fund the Next Generation of Gut Microbiota Research
9. Nektar Appoints Hoyoung Huh, M.D., Ph.D., to Serve on the Companys Board of Directors
10. BiPar Names Hoyoung Huh, M.D., Ph.D. President and Chief Executive Officer
11. Agent in red wine found to keep hearts young
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... ... June 24, 2016 , ... Researchers at the Universita Politecnica ... in people with peritoneal or pleural mesothelioma. Their findings are the subject of a ... , Diagnostic biomarkers are signposts in the blood, lung fluid or tissue of ...
(Date:6/23/2016)... , ... June 23, 2016 , ... ... pleased to announce the launch of their brand, UP4™ Probiotics, into Target stores ... 35 years, is proud to add Target to its list of well-respected retailers. ...
(Date:6/23/2016)... 2016 /PRNewswire/ - FACIT has announced the creation ... biotechnology company, Propellon Therapeutics Inc. ("Propellon" or "the ... a portfolio of first-in-class WDR5 inhibitors for the ... WDR5 represent an exciting class of therapies, possessing ... for cancer patients. Substantial advances have been achieved ...
(Date:6/23/2016)... , June 23, 2016 Houston ... with the Cy-Fair Sports Association to serve as ... the agreement, Houston Methodist Willowbrook will provide sponsorship ... and connectivity with association coaches, volunteers, athletes and ... with the Cy-Fair Sports Association and to bring ...
Breaking Biology Technology:
(Date:6/15/2016)... 2016 Transparency Market Research ... Market by Application Market - Global Industry Analysis Size Share ... the report, the  global gesture recognition market  was ... is estimated to grow at a CAGR of ... Increasing application of gesture recognition technology ...
(Date:6/7/2016)... 7, 2016  Syngrafii Inc. and San Antonio ... that includes integrating Syngrafii,s patented LongPen™ eSignature "Wet" ... collaboration will result in greater convenience for SACU ... while maintaining existing document workflow and compliance requirements. ... Highlights: ...
(Date:6/2/2016)... June 2, 2016   The Weather Company , an ... Ads, an industry-first capability in which consumers will be able ... to ask questions via voice or text and receive relevant ... Marketers have long sought an advertising solution ... can be personal, relevant and valuable; and can scale across ...
Breaking Biology News(10 mins):