Filed in archive Corporate and Industrial News by ruth on April 17, 2007

Ernst & Young has released Beyond Borders 2006, its annual review of the biotechnology sector globally, as well as of major regional markets, including the Americas, Asia-Pacific, and Europe. This Forbes article highlights the main points of the review, which marked 2006 as a robust year or growth.

Alliances involving US companies reached 23 bln usd, an all time high.

Capital raised by the worlds biotechnology companies surged 42 pct to 27.9 bln usd.

Venture capital reached 5.4 bln usd, an all-time high.

Global public company revenues grew by double-digit rates and crossed the 70 bln usd threshold for the first time.

Double-digit revenue growth was achieved in Canada, the US and in Europe.

The European biotech sector sustained its recovery of 2005, with 2006 marking a four-year Turnaround.

'The industry in the US has never been stronger and were seeing its success story spreading to other parts of the worldparticularly Europe, said Glen Giovannetti, Ernst & Youngs Global Biotechnology Leader.

You can download the E&Y reports here:
Biotech Industry Overview and 2005 Year in Review (pdf, 210kb)
Americas Biotech: Strength and Stability (pdf, 198kb)
European Biotech: Back on Track (pdf, 200kb)
Asia-Pacific Biotech: Emerging Focus (pdf, 163kb)

Related Entries:

Biotech 2006 NJ/PA - 25 September 2006
Bt microbe fools biotech experts - 02 October 2006
Top Biotech Hubs for 2007 - 26 February 2007
Biotech Receives 18% of Angel Investments in 2006 - 22 March 2007

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