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BIO-Europe 2011

Staying Positive in the Gloom; European Biotechs Muddle Through Despite Lack of VC

By Cormac Sheridan
BioWorld Today Correspondent

Thursday, November 3, 2011

DUSSELDORF, Germany – BIO-Europe Fall 2011 entered its final day as Europe's financial system teetered on the brink – yet again – following Greece's shock decision to put its recently agreed bailout package to a popular vote. Although the issues facing Europe's biotechnology industry seem pretty minor in comparison, a definite sense of gloom has pervaded many of the discussions here at BIO-Europe.

For all but the chosen few who have secured the best investment deals and the juiciest alliances, conditions are far from ideal.

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