Navigation Links
Global Financial Crisis Making Biotech Business Model Unsustainable, According to Ernst & Young
Date:5/4/2009

ion in 2008.
  • Industry deal making remained brisk. The total value of M&As involving US biotechs reached more than US$28.5 billion -- a record high when adjusting for "megadeals" that took place in prior years. In Europe, M&A transactions totaled US$5 billion.

  • "Like firms in most markets, European biotechs were clearly impacted by the financial crisis," said Jurg Zurcher, Ernst & Young's Biotechnology Leader for Europe, Middle East, India and Africa. "Many are scrambling to raise capital, restructure operations and use deals creatively to survive. Consolidation seems inevitable."

    New pathways to sustainability

    The challenge for the industry, according to Beyond borders, is turning an existential threat into a Darwinian opportunity. The potential solution lies in four paradigm-shifting trends that promise to accelerate the transition to sustainable business models:

    Generics: Generics based on today's top blockbusters should loosen governments' and insurers' budgetary constraints and mitigate pricing pressures on innovative drugs, permitting better margins.

    US healthcare reform: The potential shift toward universal healthcare coverage in the world's largest drug market will likely incorporate pay-for-performance in reimbursement decisions. Incentives for true innovation should help biotechs sustain returns.

    Personalized medicine: Personalized medicine will increase the relative value of research and early development -- biotech's traditional strengths -- giving biotechs more bargaining power and better valuations. Meanwhile, more efficient drug development will lower R&D costs, making it easier for firms to make the journey to self-sufficiency.

    Globalization: Growing strengths in emerging markets will facilitate creative solutions -- from n
    '/>"/>

    SOURCE Ernst & Young
    Copyright©2009 PR Newswire.
    All rights reserved

    Page: 1 2 3 4

    Related biology technology :

    1. Global Experts Explore Entire Spectrum of Aids Vaccine Development
    2. Mindray to Present at Merrill Lynch Global Pharmaceutical, Biotech & Medtech Conference
    3. Advanced Life Sciences to Present at 2007 UBS Global Life Sciences Conference
    4. Touching 418 Billion Lives, Hepatitis Still Presents Significant Threat to Global Health
    5. Touching 418 Million Lives, Hepatitis Still Presents Significant Threat to Global Health
    6. Clinsys Clinical Research, Inc. Announces Key Hires, Rajagopalan Srinivasan, Ph.D, to Strengthen Global Biostatistics Service Offering and Christopher Gregory, Ph.D, to Scientific Affairs
    7. Jazz Pharmaceuticals to Present at UBS Global Life Sciences Conference
    8. A Large-Scale Research Project by a Dutch Consortium Addressing a Global Problem
    9. Amicus Therapeutics to Present at the Merrill Lynch Global Pharmaceutical, Biotech & Medtech 2007 Conference
    10. Allos Therapeutics to Present at the 2007 UBS Global Life Sciences Conference
    11. Merrill Lynch Global Pharmaceutical, Biotech and Medtech Conference to Webcast Millennium Presentation
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:9/18/2014)... Pennsylvanie, 18 septembre 2014 Mapi, ... en 1974, a été depuis 40 ans ... évaluations cliniques traditionnelles par des évaluations recentrées ... sur les impacts économiques des traitements. ... A cours d,une récente conférence ...
    (Date:9/18/2014)... expensive. Now a team led by an engineer at ... designs that will let scientists slash the cost of ... , Syringe pumps are used to dispatch precise amounts ... in a reaction. They can also cost hundreds or ... team of Michigan Tech students published the library of ...
    (Date:9/18/2014)... Silicon-valley Electronic Data Capture (EDC) provider ... , the latest addition to Clinovo’s CRO Partnership Program. ... (CRO) Program, Clinovo further expands its global reach to ... training, we are now able to build studies on ... can also rely on Clinovo to fully support the ...
    (Date:9/17/2014)... 17, 2014 A long-term retrospective study ... irradiation (APBI) via interstitial brachytherapy suggests that women ... nodes could be suitable to receive the treatment. ... place these patients in the "unsuitable" category for ... ASTRO meeting, Beaumont Health System,s Peter Y. ...
    Breaking Biology Technology:1974 - 2014 - Mapi fête ses 40 ans 2Doing science just got cheaper -- and faster 2Digitaliza TXT Joins Clinovo’s CRO Partnership Program, Bringing Its Open Source EDC System, ClinCapture to Latin America 2Digitaliza TXT Joins Clinovo’s CRO Partnership Program, Bringing Its Open Source EDC System, ClinCapture to Latin America 3Partial Breast Irradiation With Interstitial Brachytherapy Appears Appropriate For Women Previously Considered Unsuitable 2Partial Breast Irradiation With Interstitial Brachytherapy Appears Appropriate For Women Previously Considered Unsuitable 3Partial Breast Irradiation With Interstitial Brachytherapy Appears Appropriate For Women Previously Considered Unsuitable 4
    ... have an intriguing ball-shaped structure that suggests several interesting ... that the passage of electrons through a bucky ball ... the ball around its center of mass. Moreover, since ... been thought that they may be useful as lubricants ...
    ... Oct. 16 NxStage Medical,Inc. (Nasdaq: NXTM ), ... release its financial results for the third,quarter 2007 on ... markets. NxStage will also host a conference call ... discuss its third quarter 2007 financial results. To,listen to ...
    ... Joins EntreMed,s Senior Management Team, ROCKVILLE, Md., ... a clinical-stage pharmaceutical company developing,therapeutics for the treatment ... W. Bair, Ph.D. has been appointed its Senior ... been elected an,executive officer of EntreMed by the ...
    Cached Biology Technology:Bouncing bucky balls 2NxStage(R) Medical to Report Third Quarter 2007 Financial Results on Friday, November 2nd 2EntreMed Appoints Senior Vice President of Research and Development 2EntreMed Appoints Senior Vice President of Research and Development 3EntreMed Appoints Senior Vice President of Research and Development 4
    (Date:9/18/2014)... University and the Quebec government have discovered microplastics ... Journal of Fisheries and Aquatic Sciences . , ... or industrial cleansers, to which they are commonly ... and buoyancy, they may readily pass through sewage ... in the world,s oceans, but have only recently ...
    (Date:9/18/2014)... millions of Americans to undertake jaunts into the countryside each ... longer within a century, according to new research. , Climate ... the United States as summer temperatures linger later into the ... Ecology and Biogeography . For instance, the paper birch ... New Hampshire could change color one to three weeks ...
    (Date:9/18/2014)... the first smartphone app that automatically reveals students, ... other words, your smartphone knows your state of ... how that affects you. , The StudentLife app, ... to their academic performance, also may be used ... monitor mental health, trigger intervention and improve productivity ...
    Breaking Biology News(10 mins):Microplastic pollution discovered in St. Lawrence River sediments 2Fall foliage season may be later, but longer on warmer Earth 2Fall foliage season may be later, but longer on warmer Earth 3Fall foliage season may be later, but longer on warmer Earth 4New Dartmouth smartphone app reveals users' mental health, performance, behavior 2New Dartmouth smartphone app reveals users' mental health, performance, behavior 3New Dartmouth smartphone app reveals users' mental health, performance, behavior 4
    ... of information is a basic property of biological systems. ... impulses. Transmission of signals occurs at an ... signaling molecules, which bear a phosphate or a sulfate ... processes are of supreme importance, they have been extensively ...
    ... given six scientists more freedom to do especially innovative ... be awarded funding under the DFG,s Reinhart Koselleck Projects ... between 500,000 euros and 1.25 million euros for their ... use flexibly over a five-year period. The ...
    ... 2008)-Baruch Barry Lieber, Ph.D., professor of biomedical engineering at ... of radiology at the University of Miami Miller School ... Institute of Neurological Disorders and Stroke (NINDS), to support ... brain aneurysms., The $1.9 million grant administered over a ...
    Cached Biology News:Sulfurous ping-pong in the urinary tract 2Sulfurous ping-pong in the urinary tract 3More freedom to take risks: DFG funds the first Reinhart Koselleck Projects 2More freedom to take risks: DFG funds the first Reinhart Koselleck Projects 3More freedom to take risks: DFG funds the first Reinhart Koselleck Projects 4University of Miami biomedical engineer 2