European biotech financing is maturing, but the gap with the United States keeps growing

How much financing is needed to encourage growth in Europe’s biotech sector? The analysis in our latest report, “Biotech in Europe: A strong foundation for growth and innovation,” shows that investment in European biotechs is increasing. In late-stage financing, however, Europe lags behind the United States by a large (and still growing) margin—the US sector receives almost five times as much private funding as its European counterpart does. But overall, European biotechs have been good value
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