The European biotechnology industry increased its revenues by 13% in 2006, while narrowing its losses. At the same time, spending on research and development increased, especially on the part of the 32 companies that made initial public offerings during the year.
One advantage of a stock exchange listing is that it raises a company’s profile and makes it easier for it to raise further capital. This adage seems to be borne out by the annual biotechnology review of the accounting firm, Ernst & Young.
Companies that want to know how quickly their applications for first-in-man trials will be evaluated in the UK will soon be able to go to the regulatory authority’s website for information on the review process, according to Elaine Godfrey of the Medicines and Healthcare products Regulatory Agency (MHRA).
Gordon Duff, a professor at the University of Sheffield School of Medicine and chairman of Britain's Commission on Human Medicines, said the Tegenero incident illustrates how little scientists understand about the safety of novel therapies. He said it is important that regulators in future share more information from preclinial studies of novel therapies.
Evotec Ag is a German biotech company that has financed much of its proprietary research by engaging in drug discovery and development for other biotech companies in a strategy that looks like it will pay off.
Research into biomarkers for Alzheimer’s disease has shown that plasma is a potentially rich source of these indicators, according to an investigator from King’s College London.