Europe

The European biotechnology industry experienced rapid growth between 2000 and 2001 (Table 13.6). However, since 2002 growth has stalled due to the global economic downturn (Ernst & Young 2003b). Europe has 1878 biotechnology companies employing 82124 people and generating €12.8 billion in revenue. The European industry as a whole spends €7.6 billion on R&D and recorded net losses of €4.0 billion in 2002 (Table 13.6). European biotechnology companies contribute approximately 20 per cent of global revenues and 25 per cent of R&D spending (Ernst & Young 2003b).

Table 13.5 Canadian biotechnology company statistics (2001-03)

2001

2002

2003

Number of public companies

85

85

81

Number of public and

416

417

470

private companies

Employees

7005

7785

7440

Revenues (US$ million)

1021

1466

1729

R&D expenditure (US$ million)

474

555

620

Net loss (US$ million)

507

263

586

Source: Ernst & Young 2003a, 2004

Source: Ernst & Young 2003a, 2004

Table 13.6 European biotechnology company statistics (1998-2002)

1998

1999

2000

2001

2002

Number of companies

1178

1352

1 570

1 879

1 878

Germany/UK

222/268

279/275

332/281

365/307

360/331

Employees

45 000

57 589

61104

87182

82124

Revenues (€ billion)

3.7

6.285

8.679

13.7

12.9

R&D (€ billion)

2.3

3.364

4.977

7.5

7.7

Net loss (€ billion)

2.107

1.108

1.570

1.5

4.0

Source: Ernst & Young 2003b

Source: Ernst & Young 2003b

Germany has the largest number of biotechnology companies with approximately 360 followed by the United Kingdom with 331 companies (Figure 13.3). However the UK, followed by Switzerland dominate European revenue contributions with approximately €3.0 billion and €1.8 billion respectively.

The outlook for the European biotechnology industry looks positive with approximately 456 products in the pipeline that are between pre-clinical and phase III trials. Leading up to 2001, a number of mergers and acquisitions occurred between European and US companies, resulting in contraction and consolidation of the industry.

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