IHS Chemical Week

People & Business :: Green Issues

EU Trails U.S. on Biotech R&D Spending, Capability is Building

3:54 AM MDT | October 19, 2011 | Alex Scott

Europe needs to step up its investment in biotech R&D and establish supportive regulatory policies if it is to keep pace with the U.S. in the biotech sector, says Stephan Tanda, board member for DSM and chairman of industry biotech association EuropaBio. Total biotech R&D spending by publicly traded companies in the U.S. in 2009-2010 was $17.6 billion. This compares with €3.4 billion ($4.7 billion) in Europe during the same period. Tanda made his comments speaking earlier today at The European Forum for Industrial Biotechnology (EFIB) in Amsterdam...

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