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Swiss biotech has quality of its big pharma, watch and chocolate industries

I had the good fortune to be in Zurich, Switzerland less than two weeks ago to visit with a number of Swiss biotech companies and the Swiss Biotech Association, as part of a mission of visiting American companies organized by the Swiss Business Hub here in Chicago.

This trip to Zurich was my first in 21 years (although I had been to Basel, Lausanne, and Gene......

Full article >>> of spectacular lakes). It borders France on the west, German on the North, Austria on the east, and Italy on the South. As a result, languages flow into and out of this country rather easily, and most Swiss speak at least 3 languages. Each section takes on some of the characteristics of the major country it borders, so in Geneva and Lausanne French is heavily spoken, in Lugano a lot of Italian, an......

Full article >>> llion (versus imports of about $135 billion), this is an exporting powerhouse.

But how does this translate into a biotech community? Well, the money is clearly there, and this is a community that has invested in U.S. biotech for some time (my own experience there goes back 10 years to raise money there). It helps that Switzerland is awash in financial institutions and funds. There is, of ......

Full article >>> e of the issues for producing a biotech community is having access to early stage capital. Although Switzerland is awash in money and financial institutions, its venture capital community (for biotech companies) is still emerging. Its biotech venture capital ranks about third in Europe with funding of a little over $155 million (2004), but this pales in comparison to Israel. Still, this funding ha......

Full article >>> edical device giant Medtronic in 1997 invested $37 million to build a state-of the art facility off of Lake Geneva as the company's international headquarters. This was followed up another $31 million investment to build additional manufacturing facilities and capability.

The Swiss equivalent of Silicon Valley is called Carbon Valley which is located in the Geneva-Lausanne corridor. It i......

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Source:wistechnology.com By Michael Rosen 03/27/06


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