Biopharm America 2011
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(HealthNewsDigest.com) – BERLIN and BOSTON, September 6, 2011 — Germany has allocated over EUR 5.5 billion (nearly $8 billion) in federal grants to support healthcare research over the next four years. The country trails only the US in biopharmaceutical production, with this new program providing a boost to bringing research results rapidly to market.
Germany Trade & Invest will have biotechnology industry experts along with a
business delegation at this year’s Biopharm America from September 7-9 in
Boston to share the latest business and partnering opportunities in Germany.
“Germany is already known as an established player in the pharmaceutical
industry. A wealth of innovative small and medium enterprises and excellent
opportunities for research partnerships are helping the country maintain its
edge,” stated Gabriel Flemming, medical biotechnology expert at Germany
Trade & Invest in Berlin.
For years, the combination of policymaking, research and development,
venture capital and industry initiatives have taken Germany’s industry in a
fresh direction. With an emphasis on biotechnology, the industry is becoming
increasingly sustainable while finding innovative ways to tackle public
health challenges.
“Germany is especially making progress in the field of personalized
medicine,” continued Flemming. “Foreign companies and venture capitalists
are drawn to German biotechnology clusters, as diagnostics firms are working
closely with the biopharmaceutical industry to create innovation hotbeds
across the country.”
Biotechnology regions can qualify for additional grants from the federal
government. BioM in Munich, for example, received millions for its work in
personalized medicine. Dr. Horst Domdey, Managing Director of BioM, will
join the Germany Trade & Invest delegation and inform companies of the
partnering and investment possibilities in this cluster.
Germany Trade & Invest is the foreign trade and inward investment
promotion agency of the Federal Republic of Germany. The organization
advises foreign companies looking to expand their business activities in the
German market. It provides information on foreign trade to German companies
that seek to enter foreign markets.
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