BioCentury
ARTICLE | Finance

How Europe’s hotspots of innovation could fuel its rise as a global player in new modalities

Europe’s best bet for closing the gap with the U.S. is to nurture its hotspots of innovation for new modalities

May 24, 2019 8:49 PM UTC

It is clear that Europe has hotspots of innovation that are discovering and developing the next wave of new therapeutic modalities. Nearly every category of new modality has a European champion, with clusters forming around some modalities and attracting dedicated capital. But despite improvements, the fundamental gaps for translating its science mean Europe will struggle to match the pace of development in the U.S. and China.

To play on par, Europe will need to secure its hotspots more long-term capital, increased manufacturing capacity and infrastructure, and better access to entrepreneurial management teams...

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