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

e 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


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SOURCE Copenhagen Capacity
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