News
3 Aug 2012
Biotechs Face Squeeze on Partnering Deals
Biotechs are finding it increasingly difficult to secure partnering deals with pharmaceutical companies.
Biotech companies are facing increasing competition for partnering deals and a decrease in spending, a report has warned.
Burrill & Company's latest report on partnering deals reveals that the value of these agreements has fallen dramatically in recent months.
During the first seven months of the year, $18.9 billion worth of partnering deals for therapeutics, diagnostics and tools were struck in the US.
This is significantly lower than the $22.7 billion worth of deals signed during the same period in 2011.
Acc
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