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German Life Science Oktoberfest Comes to the Midwest

CHICAGO Germany has often been regarded as the economic motor of the European community particularly with its central geographic location. Its just south of Scandinavia, to the east of the U.K. and France, just north of Switzerland, Austria and Italy and west of the east European countries of Poland, the Czech Republic and Hungary.

With about 83 million people, it has not only one of Eu......

Full article >>> sales of almost $42 billion and more than 10 percent of the world pharmaceutical sales. Please note that many of these companies are part of companies with sales in other areas and total sales are even higher.

In the early days of pharmaceutical companies, many of these firms were part of larger chemical companies. This phenomenon was evident not just in Germany but also the U.K.

Full article >>> of the above companies have made important acquisitions in the Midwest during recent years.

Bayer bought Miles Laboratories (Alka-Seltzer) in Indianapolis and set up an important operation there (it has since moved its U.S. headquarters to Pittsburgh) and Boehringer Ingelheim has substantial Midwest assets from its purchase of Roxane Laboratories (a generic company in Columbus, Ohio) and......

Full article >>> 70 million in 2001. This acquisition not only enhanced Baxters growing interests in oncology but also enhanced its overall German and European presence.

Finally, Dade-Behring, our local clinical diagnostics juggernaut, is a result of a merger of two diagnostics companies: American Dade and the German Behring.

The German Biotech Scene
Germany was a relative latecomer ......

Full article >>> 5 biotech companies and includes seven bio parks.

German Health-Care Crisis
One of the issues driving the German growth in biotech research is the aging of the German population and the resultant impact on German health-care expenses. We have the same phenomena in both the U.S., Japan and many northern European countries.

According to an article in Pharmaceutical Exe......

Full article >>> > 1) Schering AG, one of the largest German pharmaceutical companies.
2) LION Bioscience, the U.S. subsidiary of a top German biotech company.
3) TVM Techno Venture Management, the top German life science VC group and one of the largest life science VCs in Europe.
4) Other experts on the German biotech and health-care systems including a partner from Mayer Brown Rowe and Maws Frankf......

Full article >>>
'"/> By Michael Rosen 10/07/03

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