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Biotech Returns To Strength

April 2007 | Industry News

The European biotech industry is experiencing strong growth after a period of uncertainty, claims a new report by professional services firm Ernst & Young. According to the study, the sector grew by 13% in 2006 - more than twice the level in 2005 - generating revenues of EUR13.3bn (US$18.01bn). However, figures for expansion are varied with other sources estimating growth of as much as 45%, driven by major acquisitions such as

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