Drug investment in Europe increases

Published: 15-Jun-2002
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Last year saw an 18% rise in the number of pharmaceutical investment projects in Europe, according to the European Investment Monitor – 2002 report by Ernst & Young. In total there were 100 projects, 15 more than the previous year, all of which involved 500 jobs or fewer.

The US was the lead investor with a market share of 36%, but the decline compared with 2000 was offset by increased outward investment from Switzerland, with 12% of the projects, Japan with 7% and France with 6%. Novartis and Roche were the top investors with six projects each, followed by Sanofi Synthelabo, AstraZeneca and Merck. The UK was the most favoured destination for the investment (18% of the projects), followed by Spain with 11%, and France and Germany with 10% each. There was a decline in project numbers in Belgium and Switzerland. Manufacturing and r&d each accounted for 39% of the projects

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