BIO 2011: Ernst & Young Global Biotechnology Report 2011
One of the “Super Sessions” at the forthcoming 2011 Biotechnology Industry Organization (BIO) international convention is a presentation of the highlights of Ernst & Young’s 25th Annual Biotechnology Industry Report.
The 97 page report, available online, offers a useful summary of metrics around financing, deals and sector performance.
As the report notes, one of the key issues that biotech companies continue to face is access to funding in order to sustain innovation. Many biotechnology executives I spoke to at the recent American Society of Clinical Oncology (ASCO) meeting in Chicago confirmed how difficult access to capital remained.