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Biotechnology companies within the UK.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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Biotechnology companies within the UK Simon Potter Applied Biology Introduction The UK leads Europe in Biotechnology and is second in the world in terms of capitalisation, beaten only by the US. 46% of Europe's biotech companies are British. More than 50% of European drugs in clinical trials are British. This is partly due to the consolidation of maturing companies and in the continuing investment by venture capital groups and institutional investors (the venture capital industry has invested some £344 million in biotechnology over the last ten years). The Pharmaceutical Industry is the second largest contributor to Gross Domestic Product behind Financial Services. There are several very big players in the UK with GlaxoWelcome, SmithKline Beecham and AstraZeneca being the three largest UK based companies. In America the largest organization (in capital terms) is Merck Sharp and Dohme (MSD), and until recently this was the world's largest company. In recent years with the...
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