Site Selection for Life Sciences Companies

Size: px
Start display at page:

Download "Site Selection for Life Sciences Companies"

Transcription

1 Site Selection for Life Sciences Companies Dr. Patrik Frei January 2015 San Francisco 0

2 European Life Sciences Clusters

3 European Life Sciences Clusters Countries included: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Israel, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom Ireland UK Netherlands Germany Belgium Switzerland France 2

4 Key Findings Belgium Highest number of Regional Head Quarters High number of Pharma companies Solid LS industry focusing on nutraceutical and cosmetics France Germany Ireland 60% of French LS companies undertake in-house R&D. This is the highest proportion in Europe Third largest number of regional HQs of non-domestic LS companies in the group of countries in this study Highest number of LS companies of any European country with focus on Medical Devices Largest number of global HQs of domestic LS Largest LS workforce in absolute numbers Second largest LS workforce relative to the active population Attractive location for manufacturing for domestic and foreign LS companies 3

5 Key Findings Netherlands Diverse LS industry with particular strength in Medical Devices and Biotechnology Attractive to regional HQs of non-domestic LS companies for their R&D Switzerland United Kingdom Strong LS clusters with large number of global HQs of domestic companies Highest financing in 2013 of Private Therapeutic Companies and second highest in 2014 Highest LS workforce relative to the active population Europe s largest cluster in Biotechnology Therapeutics and Pharmaceuticals Strong in R&D and large LS workforce Surpassed Germany to record the most financing raised for LS companies in

6 Number of Life Sciences Companies Number of Life Sciences Companies Belgium France Germany Ireland Netherlands Switzerland UK Bay Area Biotechnology Biotech - Therapeutics MedTech Pharma Germany has the most LS companies UK has the most Biotech Therapeutics companies Germany has the most MedTech companies UK has the most Pharma companies Switzerland has most companies per one million active population 5

7 Number of Life Sciences Companies Finland Norway Ireland Austria Biotechnology - Therapeutics and Diagnostics Biotechnology / R&D Services Biotechnology - other Israel Denmark Netherlands Medical Technology Pharma Belgium Spain Switzerland Italy Sweden France United Kingdom Germany

8 Products in Development Finland 15 Preclinical Phase I Phase II Phase III Ireland Norway Austria Denmark Israel Belgium Sweden Italy Netherlands Spain Switzerland France Germany United Kingdom BayArea

9 Numbers of Global and Regional HQ s Number of Global and Regional HQ s Belgium France Germany Ireland Netherlands Switzerland UK Global HQ Main activities Regional HQ Main activities (71%) R&D (64%) (77%) (61%) (68%) (70%) (57%) (91%) (85%) (80%) Distribution (83%) Distribution (82%) Distribution (67%) R&D (57%) 8

10 Companies founded United Kingdom (410) Germany (343) France (328) Spain (215) Sweden (213) Switzerland (207) Netherlands (154) Italy (139) Belgium (97) Israel (83) Denmark (73) Ireland (47) : only Jan-Oct

11 Financing Value ( USD millions) Financing Volume (all) 8000 Life Science Financing Rest of Europe Denmark France Netherlands Belgium Ireland Switzerland Germany United Kingdom 10

12 Financing Value ( USD millions) Financing Volume (Biotech Therapeutics) Venture Financing - Private Therapeutic Companies Rest of Europe (836) Belgium (292) Austria (315) Denmark (402) Germany (1576) Netherlands (788) France (654) Switzerland (1206) United Kingdom (2382) 11

13 Largest Private Financing Rounds in Europe 2014 Company Country Sector M USD Investors Adaptimmune Ltd United Kingdom Biotech Biocartis SA Switzerland Biotech 83.3 Cell Medica Ltd United Kingdom Biotech 79.0 NEA, OrbiMed Advisors LLC, Wellington, Fidelity Biosciences, Foresite Capital, Ridgeback Capital, Novo A/S, QVT, Rock Springs Capital, venbio Select, Merlin Nexus, University of Oxford Johnson & Johnson Development Corporation, Hitachi Chemical Corporation, PMV Tina Fund, family offices Imperial Innovations, Invesco Perpetual, Woodford Investment Management Glycotope GmbH Germany Biotech 76.0 Jossa Arznei GmbH and Eckert Life Science Accelerator NovImmune SA Switzerland Biotech 67.0 Rosetta Capital Limited GC Aesthetics Ireland Medtech 60.0 OrbiMed, Montreux Equity Partners, Oyster Capital. Oxford Nanopore Technologies Ltd United Kingdom Biotech 58.5 Cardiorentis AG Switzerland Biotech 58.1 HealthCare Royalty Partners NuCana BioMed Ltd Advanced Accelerator Applications SA United Kingdom Biotech 57.0 France Pharma 55.9 The CF Woodford Equity Income Fund, Lansdowne Partners, IP Group, Invesco Perpetual, Redmile Group, Illumina Sofinnova Ventures, Morningside Ventures, Alida Capital International and the Scottish Investment Bank, the investment arm of Scottish Enterprise HBM Healthcare Investments Ltd, Tamburi Investment Partners Group, private Investors 12

14 Financing Value ( USD millions) Financing Volume (Medtech Private and Public) Venture Financing - Medical Technology Companies Rest of Europe (309) United Kingdom (381) Switzerland (458) 121 Sweden (81) Germany (322) 28 France (338) 102 Netherlands (111) Belgium (234)

15 Thank you for listening! Slides available on Venture Valuation Inc. Switzerland / Singapore 14

16 Panel Discussion New investment opportunities and current challenges for life sciences companies on the move Participants: Bay City Capital - Lionel Carnot, Managing Director Santhera Pharmaceuticals - Thomas Meier, CEO Roche Venture Fund, Simon Meier, Investment Director Moderated by Patrik Frei, CEO - Venture Valuation 15

17 2015

Life Sciences Financing Summary Europe December 2014

Life Sciences Financing Summary Europe December 2014 Europe December 2014 In stark contrast to their summer inactivity, private Biotech European companies (Therapeutics & Diagnostics) raised the highest equity financing amount of the year in September with

More information

Site Selection for Life Sciences Companies in Europe

Site Selection for Life Sciences Companies in Europe INTERNATIONAL CORPORATE TAX Site Selection for Life Sciences Companies in Europe 2015 In association with Content 05 Key findings 09 Life Sciences Clusters in Europe 19 Business environment and agility

More information

How does a venture capitalist appraise investment opportunities?

How does a venture capitalist appraise investment opportunities? 1 How does a venture capitalist appraise investment opportunities? Michael Queen - Finance Director, 3i Group plc A presentation to: 23 Pensions Convention 2 June 23 A How presentation does a venture to:

More information

Foreign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund

Foreign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund Income INTECH Global Income Managed Volatility Fund Australia 0.0066 0.0375 Austria 0.0045 0.0014 Belgium 0.0461 0.0138 Bermuda 0.0000 0.0059 Canada 0.0919 0.0275 Cayman Islands 0.0000 0.0044 China 0.0000

More information

Location Skills Audit

Location Skills Audit Location Skills Audit Powerful Intelligence for a Powerful Economy Brussels, November 2008 Skills, Skills, Skills We need to draw on the world's smartest, most creative minds. Increasingly, we are finding

More information

Firms in Western Europe

Firms in Western Europe Selection and Retention of Law Firms in Western Europe Overview of Findings November, 2012 Agenda Methodology Key Findings Conclusions Research rationale and objectives Methodology Selection factors Retention

More information

relating to household s disposable income. A Gini Coefficient of zero indicates

relating to household s disposable income. A Gini Coefficient of zero indicates Gini Coefficient The Gini Coefficient is a measure of income inequality which is based on data relating to household s disposable income. A Gini Coefficient of zero indicates perfect income equality, whereas

More information

IP Strategy. Fred Logue IP Lawyer PhD, 1996 Trinity College Dublin Member of Irish and UK Law Societies, IAM300, Institute of Physics

IP Strategy. Fred Logue IP Lawyer PhD, 1996 Trinity College Dublin Member of Irish and UK Law Societies, IAM300, Institute of Physics Fred Logue IP Lawyer PhD, 1996 Trinity College Dublin Member of Irish and UK Law Societies, IAM300, Institute of Physics fred.logue@newmorningip.com +353 (0)1 254 2340 www.newmorningip.com @newmorningip

More information

How many students study abroad and where do they go?

How many students study abroad and where do they go? From: Education at a Glance 2012 Highlights Access the complete publication at: http://dx.doi.org/10.1787/eag_highlights-2012-en How many students study abroad and where do they go? Please cite this chapter

More information

UTX Europe V2 - Enhancements

UTX Europe V2 - Enhancements UTX Europe V2 - Enhancements Global Enhancements... 2 Country-By-Country Analysis - UTX Europe V2 Feature Enhancements... 3 Austria... 3 Belgium... 3 Czech Republic... 3 Denmark... 3 Finland... 3 France...

More information

Trends in the European Investment Fund Industry. in the First Quarter of 2016

Trends in the European Investment Fund Industry. in the First Quarter of 2016 Quarterly Statistical Release May 2016, N 65 This release and other statistical releases are available on Efama s website (www.efama.org) Trends in the European Investment Fund Industry in the First Quarter

More information

Venture Capital Report

Venture Capital Report Europe 1Q 2015 The following report presents Dow Jones VentureSource s quarterly findings for European venture capital fundraising, investment, valuation, and liquidity. The included charts and graphs

More information

NEW PASSENGER CAR REGISTRATIONS BY ALTERNATIVE FUEL TYPE IN THE EUROPEAN UNION 1 Quarter 4 2015

NEW PASSENGER CAR REGISTRATIONS BY ALTERNATIVE FUEL TYPE IN THE EUROPEAN UNION 1 Quarter 4 2015 NEW PASSENGER CAR REGISTRATIONS BY ALTERNATIVE FUEL TYPE IN THE Quarter 4 2015 Alternative fuel vehicle (AFV) registrations: +20.0% in 2015; +21.1% in Q4 In the fourth quarter of 2015, total alternative

More information

www.pwc.com IPO Watch Europe Survey Q2 2011

www.pwc.com IPO Watch Europe Survey Q2 2011 www.pwc.com IPO Watch Europe Survey Q2 2011 Table of contents Page European IPO activity by value and volume 3 IPO offering value 4 IPO volume and average offering value 5 by market 6 Top five 7 US and

More information

INTERNATIONAL SECURITIES TRADING NOW YOU CAN INVEST ACROSS THE WORLD

INTERNATIONAL SECURITIES TRADING NOW YOU CAN INVEST ACROSS THE WORLD INTERNATIONAL SECURITIES TRADING NOW YOU CAN INVEST ACROSS THE WORLD YOU ARE WHAT YOU DO INTERNATIONAL SECURITIES TRADING III CONTENTS CONTENTS Welcome Welcome 1 2 Trade international securities with

More information

EUROPEAN. Geographic Trend Report for GMAT Examinees

EUROPEAN. Geographic Trend Report for GMAT Examinees 2011 EUROPEAN Geographic Trend Report for GMAT Examinees EUROPEAN Geographic Trend Report for GMAT Examinees The European Geographic Trend Report for GMAT Examinees identifies mobility trends among GMAT

More information

COOPERATION IN EUROPE

COOPERATION IN EUROPE UNIVERSITET 1. MARTS 2013 COOPERATION IN EUROPE - IN GERMAN AND NORDIC HIGHER EDUCATION HAMBURG, JUNE 18, 2013 RECTOR LAURITZ B. HOLM-NIELSEN præsen TATION AGENDA 1. Goal: Innovation Union a competitive

More information

Measurements and indicators for healthcare IT. Leif Panduro Jensen, MD, MHM Director of Centre, Rigshospitalet, Copenhagen, DK

Measurements and indicators for healthcare IT. Leif Panduro Jensen, MD, MHM Director of Centre, Rigshospitalet, Copenhagen, DK Measurements and indicators for healthcare IT Leif Panduro Jensen, MD, MHM Director of Centre, Rigshospitalet, Copenhagen, DK Measurements and indicators for healthcare IT Working group from January to

More information

C h a r t 1 - KPNQwest Group

C h a r t 1 - KPNQwest Group C h a r t 1 - Group NV BIJLAGE / ANNEX 1 IP Services BV Services Finance BV financing moratorium: 30-05 bankruptcy: 25-09 09-2002 Assets Central Europe BV moratorium: 18-06 moratorium has ended Netherlands

More information

The World's Top 100 Pharmaceutical Companies

The World's Top 100 Pharmaceutical Companies Brochure More information from http://www.researchandmarkets.com/reports/1878687/ The World's Top 100 Pharmaceutical Companies Description: Did you know? - Dr. Jeremy Levin is Senior Vice President, Strategy,

More information

Funding and network opportunities for cluster internationalization

Funding and network opportunities for cluster internationalization BSR Innovation Express: Cluster- to- Cluster Conference Funding and network opportunities for cluster internationalization Jens Peter Vittrup Special Adviser Email: jpv@ai.dk Why international R&I cooperation?

More information

International Securities Trading now you can invest across the world

International Securities Trading now you can invest across the world International Securities Trading now you can invest across the world INTERNATIONAL SECURITIES TRADING iii CONTENTS Welcome 2 Trade international securities with CommSec and Pershing 2 International trading

More information

IOOF QuantPlus. International Equities Portfolio NZD. Quarterly update

IOOF QuantPlus. International Equities Portfolio NZD. Quarterly update IOOF QuantPlus NZD Quarterly update For the period ended 31 March 2016 Contents Overview 2 Portfolio at glance 3 Performance 4 Asset allocation 6 Overview At IOOF, we have been helping Australians secure

More information

A new ranking of the world s most innovative countries: Notes on methodology. An Economist Intelligence Unit report Sponsored by Cisco

A new ranking of the world s most innovative countries: Notes on methodology. An Economist Intelligence Unit report Sponsored by Cisco A new ranking of the world s An Economist Intelligence Unit report Sponsored by Cisco Economist Intelligence Unit Limited 2009 A new ranking of the world s Preface In April 2009, the Economist Intelligence

More information

THE GLOBAL WELLNESS TOURISM ECONOMY 2013

THE GLOBAL WELLNESS TOURISM ECONOMY 2013 ITB EXPERTS FORUM WELLNESS THE GLOBAL WELLNESS TOURISM ECONOMY 2013 Susie Ellis Chairman & CEO Global Spa & Wellness Summit Why You Should Care about Wellness Tourism? 1. Huge Marketing Support 2. More

More information

Canada GO 2535 TM World Traveller's edition Maps of North America (Canada, US, Mexico), Western and Central Europe (including Russia) CAD 349,95

Canada GO 2535 TM World Traveller's edition Maps of North America (Canada, US, Mexico), Western and Central Europe (including Russia) CAD 349,95 Local products may have different maps, prices and products available. Please see below list for local information, prices in local currency and availability of services. An European device will have working

More information

MERCER S COMPENSATION ANALYSIS AND REVIEW SYSTEM AN ONLINE TOOL DESIGNED TO TAKE THE WORK OUT OF YOUR COMPENSATION REVIEW PROCESS

MERCER S COMPENSATION ANALYSIS AND REVIEW SYSTEM AN ONLINE TOOL DESIGNED TO TAKE THE WORK OUT OF YOUR COMPENSATION REVIEW PROCESS MERCER S COMPENSATION ANALYSIS AND REVIEW SYSTEM AN ONLINE TOOL DESIGNED TO TAKE THE WORK OUT OF YOUR COMPENSATION REVIEW PROCESS MERCER S COMPENSATION ANALYSIS AND REVIEW SYSTEM www.imercer.com/cars Mercer

More information

GLOBAL EDUCATION PROGRAM

GLOBAL EDUCATION PROGRAM GLOBAL EDUCATION PROGRAM RUSSIAN FEDERATION GOVERNMENT-SPONSORED PROGRAM THAT OFFERS RUSSIAN CITIZENS AN OPPORTUNITY TO STUDY AT LEADING FOREIGN UNIVERSITIES REGULATIONS: ABOUT GEP http://educationglobal.ru/o_programme/

More information

Fifth European Meeting of Employee Ownership

Fifth European Meeting of Employee Ownership Fifth European Meeting of Dexia Brussels, 17 June 2005 Executive summary Dexia in the world and its activities Dexia Case study 2 Executive summary Dexia in the world and its activities Dexia Case study

More information

Investing in the United States Tazeem Pasha

Investing in the United States Tazeem Pasha Investing in the United States Tazeem Pasha Embassy of Spain and ICEX Seminar on Financing Opportunities forspanish Companies and Projects in the United States By Tazeem Pasha Monday, 19 March 2012 Washington,

More information

Electricity, Gas and Water: The European Market Report 2014

Electricity, Gas and Water: The European Market Report 2014 Brochure More information from http://www.researchandmarkets.com/reports/2876228/ Electricity, Gas and Water: The European Market Report 2014 Description: The combined European annual demand for electricity,

More information

SERVICE LEVEL AGREEMENT! CONFIRMATION

SERVICE LEVEL AGREEMENT! CONFIRMATION SERVICE LEVEL AGREEMENT CONFIRMATION BRINGING ENTERPRISE TO SMB RELIABILITY & LOWERING THE TCO What we built Qsan s unique character on, starts from the approach. We had a dream of bringing an enterprise

More information

The Use of Social Media by European Investment Professionals

The Use of Social Media by European Investment Professionals Social Media Survey 2013_ The Use of Social Media by European Investment Professionals Deutsche Vereinigung für Finanzanalyse und Asset Management Survey Background DVFA Society of Investment Professionals

More information

Investing in the United States

Investing in the United States Investing in the United States 13 May 2015 ehealth Week 2015 Global Markets: Tools for Transatlantic Trade Kim Tuminaro Senior Trade Officer U.S. Department of State SelectUSA.gov U.S. Investment and Business

More information

Anthony Serhan, CFA Managing Director, Research Strategy

Anthony Serhan, CFA Managing Director, Research Strategy Anthony Serhan, CFA Managing Director, Research Strategy Morningstar Fund Flows Morningstar Fund Flows Analysis: Worldwide Funds 2014 a strong year for fund flows USD Billions 1,500 1,000 Unclassified

More information

European Market for Computerized Physician Order Entry (CPOE) Systems. M634-48 March 2011

European Market for Computerized Physician Order Entry (CPOE) Systems. M634-48 March 2011 European Market for Computerized Physician Order Entry (CPOE) Systems M634-48 March 2011 Table of Contents Executive Summary Research Scope and Methodology Market Overview 10 17 23 Industry Challenges

More information

10. European Union. (a) Past trends

10. European Union. (a) Past trends . European Union (a) Past trends The total fertility rate in the 15 countries that presently constitute the European Union was on a rising curve until 196-65, when it attained 2.69 births per woman. Since

More information

Results, 1st Quarter 2016. Patient Engagement. www.himss.eu/analytics. HIMSS Analytics ehealth TRENDBAROMETER Q1/2016

Results, 1st Quarter 2016. Patient Engagement. www.himss.eu/analytics. HIMSS Analytics ehealth TRENDBAROMETER Q1/2016 Results, 1st Quarter 2016 Patient Engagement www.himss.eu/analytics 1 TABLE OF CONTENT HIMSS Analytics Who we are page 3 Survey overview page 4 Results Overall page 9 Formal strategy page 10 Tools provided

More information

TOWARDS PUBLIC PROCUREMENT KEY PERFORMANCE INDICATORS. Paulo Magina Public Sector Integrity Division

TOWARDS PUBLIC PROCUREMENT KEY PERFORMANCE INDICATORS. Paulo Magina Public Sector Integrity Division TOWARDS PUBLIC PROCUREMENT KEY PERFORMANCE INDICATORS Paulo Magina Public Sector Integrity Division 10 th Public Procurement Knowledge Exchange Platform Istanbul, May 2014 The Organization for Economic

More information

European Research Council

European Research Council ERC Advanced Grants 2011 Outcome: Indicative Statistics Reproduction is authorised provided that the source ERC is acknowledged NB: In these graphs grantee refers to a candidate selected for ERC funding

More information

Global Long-Term Incentives: Trends and Predictions Results from the 2013 iquantic Global Long-Term Incentive Practices Survey

Global Long-Term Incentives: Trends and Predictions Results from the 2013 iquantic Global Long-Term Incentive Practices Survey Global Long-Term Incentives: Trends and Predictions Results from the 2013 iquantic Global Long-Term Incentive Practices Survey Jon F. Doyle and Sandra Sussman October 8, 2013 Presenters Jon F. Doyle Attorney

More information

State of the Israeli Technology Industry and the Future. Dr. Orna Berry Venture Partner, Gemini Israel Funds

State of the Israeli Technology Industry and the Future. Dr. Orna Berry Venture Partner, Gemini Israel Funds State of the Israeli Technology Industry and the Future Dr. Orna Berry Venture Partner, Gemini Israel Funds 2002 ICT GDP - NIS 33 billion 17% of business sector GDP. OECD highest - compared to 10-11% in

More information

www.pwc.com IPO Watch Europe Survey Q1 2011

www.pwc.com IPO Watch Europe Survey Q1 2011 www.pwc.com IPO Watch Europe Survey Q1 2011 Table of contents Page European IPO activity by value and volume 3 IPO offering value 4 IPO volume 5 IPOs by market 6 Top five IPOs 7 US and Russia 8 Offering

More information

ON TRACK TO MEET FULL YEAR EXPECTATIONS. Overview. Strategic Highlights. Alison Cooper, Chief Executive, commented

ON TRACK TO MEET FULL YEAR EXPECTATIONS. Overview. Strategic Highlights. Alison Cooper, Chief Executive, commented ON TRACK TO MEET FULL YEAR EXPECTATIONS Overview First quarter performance in line with guidance and on track to meet full year outlook US business performing well and to plan Tobacco net revenue up 16.6%

More information

The Guardianship Service

The Guardianship Service The Guardianship Service How can they help you? When you arrive in Belgium Are you under the age of 18 and have you arrived in Belgium without your father or mother? You are searching for support and accommodation

More information

How to Efficiently Recover Merchant Fees Using ATPCO s Ticketing Fees Solution. 6 August 2013

How to Efficiently Recover Merchant Fees Using ATPCO s Ticketing Fees Solution. 6 August 2013 How to Efficiently Recover Merchant Fees Using ATPCO s Ticketing Fees Solution 6 August 2013 Agenda Credit card fees in airline distribution costs A solution to recover merchant fees Current process New

More information

With data up to: May 2016. Monthly Electricity Statistics

With data up to: May 2016. Monthly Electricity Statistics With data up to: 216 Monthly Electricity Statistics Date of publication: 12 ust 216 Monthly Electricity Statistics TABLE OF CONTENTS Page # HIGHLIGHTS i ORGANISATIONAL AND REGIONAL TABLES OECD Total 1

More information

Rules-Based Investing

Rules-Based Investing Rules-Based Investing Disciplined Approaches to Providing Income and Capital Appreciation Potential Focused Dividend Strategy International Dividend Strategic Value Portfolio (A: FDSAX) Strategy Fund (A:

More information

Hong Kong Poised to be the Asia s Biotechnology Hub

Hong Kong Poised to be the Asia s Biotechnology Hub Think Asia, think Hong Kong - London 13-09-2011 www.hkbio.org.hk BioTech at Science Park Your Safe and Fast Track to China Hong Kong Poised to be the Asia s Biotechnology Hub Albert Cheung Hoi Yu, Ph.D.

More information

The Role of Banks in Global Mergers and Acquisitions by James R. Barth, Triphon Phumiwasana, and Keven Yost *

The Role of Banks in Global Mergers and Acquisitions by James R. Barth, Triphon Phumiwasana, and Keven Yost * The Role of Banks in Global Mergers and Acquisitions by James R. Barth, Triphon Phumiwasana, and Keven Yost * There has been substantial consolidation among firms in many industries in countries around

More information

Brown Advisory WMC Strategic European Equity Fund Class/Ticker: Institutional Shares / BAFHX Investor Shares / BIAHX Advisor Shares / BAHAX

Brown Advisory WMC Strategic European Equity Fund Class/Ticker: Institutional Shares / BAFHX Investor Shares / BIAHX Advisor Shares / BAHAX Summary Prospectus October 30, 2015 Brown Advisory WMC Strategic European Equity Fund Class/Ticker: Institutional Shares / BAFHX Investor Shares / BIAHX Advisor Shares / BAHAX Before you invest, you may

More information

Increasing Innovation in R&D - Seizing early stage external growth opportunities

Increasing Innovation in R&D - Seizing early stage external growth opportunities Increasing Innovation in R&D - Seizing early stage external growth opportunities Paul R. Eynott, PhD sanofi-aventis, US paul.eynott@sanofi-aventis.com -1- Sommaire -2- CHRISTOPHER A. VIEHBACHER Chief Executive

More information

FDI Trends in USA and Future Opportunities

FDI Trends in USA and Future Opportunities FDI Trends in USA and Future Opportunities IEDC Spring Conference Ann Arbor, Michigan, June, 2013 Chris Knight fdi Intelligence, Financial Times Ltd 1 About us fdi Intelligence is The Financial Times Ltd

More information

Overview of the OECD work on transfer pricing

Overview of the OECD work on transfer pricing Overview of the OECD work on transfer pricing Written contribution to the Conference Alternative Methods of Taxation of Multinationals (13-14 June 2012, Helsinki, Finland) by Marlies de Ruiter, Head of

More information

Fit for Health 2.0 - International Strategy Development Training Innovative Business Solutions and Smart Financing

Fit for Health 2.0 - International Strategy Development Training Innovative Business Solutions and Smart Financing Fit for Health 2.0 - International Strategy Development Training Innovative Business Solutions and Smart Financing Thursday 08 October 2015 8-9 October 2015, Copenhagen (Denmark) Medicon Valley Alliance,

More information

The Norwegian economy

The Norwegian economy The Norwegian economy Slower speed ahead, but still growth Strong mechanisms support mainland economy Wriggle room to smooth business cycles Rune Bjerke CEO Just how bad is it? Slower speed ahead but still

More information

GLOBAL EDUCATION PROGRAM (GEP)

GLOBAL EDUCATION PROGRAM (GEP) GLOBAL EDUCATION PROGRAM (GEP) RUSSIAN FEDERATION GOVERNMENT-SPONSORED PROGRAM THAT OFFERS RUSSIAN CITIZENS AN OPPORTUNITY TO STUDY AT LEADING FOREIGN UNIVERSITIES REGULATIONS: ABOUT GEP http://educationglobal.ru/o_programme/

More information

Finland must take a leap towards new innovations

Finland must take a leap towards new innovations Finland must take a leap towards new innovations Innovation Policy Guidelines up to 2015 Summary Finland must take a leap towards new innovations Innovation Policy Guidelines up to 2015 Summary 3 Foreword

More information

Morningstar is shareholders in

Morningstar is shareholders in Media Contact: Andy Seunghye Jung, +82 2 3771 0730 or andy.jung@morningstar.comm FOR IMMEDIATE RELEASE Morningstar A Grade Announces Findings from Fourth Global Fund Investor Experience Report; Korea Scores

More information

Privileged user management

Privileged user management Privileged user management vv It s time to take control Bob Tarzey, Analyst and Director, Quocirca Ltd Introduction The data presented is based on 270 telephone interviews with organisations across Europe

More information

Early Childhood Education and Care

Early Childhood Education and Care Early Childhood Education and Care Participation in education by three- and four-year-olds tends now to be high, though coverage is a third or less of the age group in several OECD countries. Early childhood

More information

Backing the companies of tomorrow. //////////////////////////////////////////// Creandum Nordic Technology Exit Analysis

Backing the companies of tomorrow. //////////////////////////////////////////// Creandum Nordic Technology Exit Analysis Backing the companies of tomorrow //////////////////////////////////////////// Creandum Nordic Technology Exit Analysis 1 Creandum exit database Database with 300+ private technology company exits 20+

More information

ATOSS Software AG Excellence in Workforce Management Presentation January 30, 2015. 1 Christof Leiber, Member of the Board, ATOSS Software AG

ATOSS Software AG Excellence in Workforce Management Presentation January 30, 2015. 1 Christof Leiber, Member of the Board, ATOSS Software AG ATOSS Software AG Excellence in Workforce Management Presentation January 30, 2015 1 Christof Leiber, Member of the Board, ATOSS Software AG 01 Business model and developments 2006 2014 02 ATOSS growth

More information

Trends in the European Investment Fund Industry. in the Second Quarter of 2014. Results for the first half of 2014

Trends in the European Investment Fund Industry. in the Second Quarter of 2014. Results for the first half of 2014 Quarterly Statistical Release September 2014, N 58 This release and other statistical releases are available on efama s website (www.efama.org) Trends in the European Investment Fund Industry in the Second

More information

ATOSS Software AG Excellence in Workforce Management. 1 Christof Leiber, Member of the Board, ATOSS Software AG

ATOSS Software AG Excellence in Workforce Management. 1 Christof Leiber, Member of the Board, ATOSS Software AG ATOSS Software AG Excellence in Workforce Management 1 Christof Leiber, Member of the Board, ATOSS Software AG 01 Business model and developments 2006 2014 and first half of 2015 02 ATOSS growth strategy

More information

New IMF standards for dissemination of data

New IMF standards for dissemination of data New IMF standards for dissemination of data By Helen Brown This article looks at the measures the IMF has taken, following the Mexican crisis, to improve the statistical practices of countries in providing

More information

Pr. Dominique JOLLY SKEMA BS. Animatrice : Valérie BLANCHOT COURTOIS

Pr. Dominique JOLLY SKEMA BS. Animatrice : Valérie BLANCHOT COURTOIS Cycle Innovation & Connaissance 17 petit déjeuner Vendredi 14 février 2014 Comment les entreprises occidentales parient sur la création technologique en Chine? Du cost-driven au knowledge-driven Pr. Dominique

More information

GLOBAL EDUCATION PROGRAM

GLOBAL EDUCATION PROGRAM GLOBAL EDUCATION PROGRAM RUSSIAN GOVERNMENT-SPONSORED SCHOLARSHIP PROGRAM THAT OFFERS RUSSIAN CITIZENS AN OPPORTUNITY TO STUDY AT LEADING FOREIGN UNIVERSITIES КSENIA IVANENKO REGULATIONS: ABOUT GEP http://educationglobal.ru/o_programme/

More information

Supported Payment Methods

Supported Payment Methods Supported Payment Methods Global In the global payments market, credit cards are the most popular payment method. However, BlueSnap expands the payment selection by including not only the major credit

More information

ZEW OEE. Current Trends in the European Asset Management Industry Lot 1. Report. Zentrum für Europäische Wirtschaftsforschung GmbH

ZEW OEE. Current Trends in the European Asset Management Industry Lot 1. Report. Zentrum für Europäische Wirtschaftsforschung GmbH OEE Observatoire de l'epargne Européenne ZEW Zentrum für Europäische Wirtschaftsforschung GmbH Current Trends in the European Asset Management Industry Lot 1 Service Contract ETD/2005/IM/G4/97 Report Zentrum

More information

OCTOBER 2010. Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology

OCTOBER 2010. Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology OCTOBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology SEPTEMBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol) Indexes Construction

More information

Analysis of statistics 2015

Analysis of statistics 2015 Analysis of statistics 215 January 216 ECHR Analysis of Statistics 215 Table of Contents Overview of the Court s statistics in 215... 4 A. Number of new applications... 4 B. Applications disposed of judicially

More information

BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND

BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND PRESS RELEASE CENTRAL BANK SURVEY OF FOREIGN EXCHANGE AND DERIVATIVES MARKET ACTIVITY IN APRIL 1998: PRELIMINARY GLOBAL DATA The BIS

More information

A survey conducted by: The Swedish Drug Development Pipeline May 2011

A survey conducted by: The Swedish Drug Development Pipeline May 2011 A survey conducted by: The Swedish Drug Development Pipeline May 2011 The survey In February March 2011 a survey of the Swedish Drug Development Pipeline was conducted by SwedenBIO in cooperation with

More information

Credit transfer to Customer account with AS "Meridian Trade Bank" EUR, USD free of charge * - 4.1.2. Other countries currency information in the Bank

Credit transfer to Customer account with AS Meridian Trade Bank EUR, USD free of charge * - 4.1.2. Other countries currency information in the Bank Pricelist for individuals residents of Latvia SERVICES 4. TRANSFERS In the Bank PRICE LIST IN EUR Using «MultiNet» 4.1. 4.1.1. Credit transfer to Customer account with EUR, USD free of charge * 4.1.2.

More information

Supported Payment Methods

Supported Payment Methods Sell Globally in a Snap Supported Payment Methods Global In the global payments market, credit cards are the most popular payment method. However, BlueSnap expands the payment selection by including not

More information

Reporting practices for domestic and total debt securities

Reporting practices for domestic and total debt securities Last updated: 4 September 2015 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on

More information

41 T Korea, Rep. 52.3. 42 T Netherlands 51.4. 43 T Japan 51.1. 44 E Bulgaria 51.1. 45 T Argentina 50.8. 46 T Czech Republic 50.4. 47 T Greece 50.

41 T Korea, Rep. 52.3. 42 T Netherlands 51.4. 43 T Japan 51.1. 44 E Bulgaria 51.1. 45 T Argentina 50.8. 46 T Czech Republic 50.4. 47 T Greece 50. Overall Results Climate Change Performance Index 2012 Table 1 Rank Country Score** Partial Score Tendency Trend Level Policy 1* Rank Country Score** Partial Score Tendency Trend Level Policy 21 - Egypt***

More information

Market Data Feed. Go with the flow.

Market Data Feed. Go with the flow. Market Data Feed Go with the flow. The Market Data Feed (MDF) is a high performance, real-time market data service with customizable data selection. This competitive solution is a key source of financial

More information

- 2 - Chart 2. Annual percent change in hourly compensation costs in manufacturing and exchange rates, 2010-2011

- 2 - Chart 2. Annual percent change in hourly compensation costs in manufacturing and exchange rates, 2010-2011 For release 10:00 a.m. (EST) Wednesday, December 19, 2012 USDL-12-2460 Technical Information: (202) 691-5654 ilchelp@bls.gov www.bls.gov/ilc Media Contact: (202) 691-5902 PressOffice@bls.gov INTERNATIONAL

More information

Trading in International Equities For Professional Advisers only - not to be relied upon by retail clients

Trading in International Equities For Professional Advisers only - not to be relied upon by retail clients Trading in International Equities For Professional Advisers only - not to be relied upon by retail clients 2 ALLIANCE TRUST SAVINGS About us We are part of the Alliance Trust group and have the backing

More information

BPI US EQUITY INDEX FEEDER FUND BPI EUROPEAN EQUITY INDEX FEEDER FUND

BPI US EQUITY INDEX FEEDER FUND BPI EUROPEAN EQUITY INDEX FEEDER FUND A. THE BASICS OF FEEDER FUNDS F R E Q U E N T L Y A S K E D Q U E S T I O N S 1. What is a Feeder Fund? A Feeder Fund is a UITF which invests at least 90% of its assets in a single Collective Investment

More information

European Tech Venture Coming of Age: Why is PE Getting Interested?

European Tech Venture Coming of Age: Why is PE Getting Interested? European Tech Venture Coming of Age: Why is PE Getting Interested? Jean-Michel Deligny, Managing Director jmd@silverpeakib.com Thursday 18 th February 016 3 Hanover Square London W1S 1JB United Kingdom

More information

REFINE YOUR INVESTMENT STRATEGIES

REFINE YOUR INVESTMENT STRATEGIES seic.com REFINE YOUR INVESTMENT STRATEGIES with Managed Volatility Funds SEI s Suite of Managed Volatility Funds Proven to Deliver SEI introduced what we believe was the first managed volatility fund of

More information

Installation Guide. 85070E Dielectric Probe Kit 85071E Materials Measurement Software

Installation Guide. 85070E Dielectric Probe Kit 85071E Materials Measurement Software Installation Guide This guide provides instructions for installing and configuring the following software products: 85070E Dielectric Probe Kit 85071E Materials Measurement Software Agilent Part Number:

More information

WORKFORCE ENGAGEMENT IN SAUDI ARABIA WHAT S WORKING FOR SAUDI NATIONALS AND WHAT EMPLOYERS NEED TO KNOW

WORKFORCE ENGAGEMENT IN SAUDI ARABIA WHAT S WORKING FOR SAUDI NATIONALS AND WHAT EMPLOYERS NEED TO KNOW WORKFORCE ENGAGEMENT IN SAUDI ARABIA WHAT S WORKING FOR SAUDI NATIONALS AND WHAT EMPLOYERS NEED TO KNOW Forget the old cliché of a comfortable secure job with a corner desk in a government office. Saudi

More information

GfK PURCHASING POWER INTERNATIONAL

GfK PURCHASING POWER INTERNATIONAL GfK PURCHASING POWER INTERNATIONAL 1 Agenda 1. Europe 3 2. Americas 45 3. Asia & Near East 54 4. Afrika 66 5. Australia 68 6. Overview of countries and available levels 70 2 2 EUROPE 4 GfK

More information

Size and Development of the Shadow Economy of 31 European and 5 other OECD Countries from 2003 to 2015: Different Developments

Size and Development of the Shadow Economy of 31 European and 5 other OECD Countries from 2003 to 2015: Different Developments January 20, 2015 ShadEcEurope31_January2015.doc Size and Development of the Shadow Economy of 31 European and 5 other OECD Countries from 2003 to 2015: Different Developments by Friedrich Schneider *)

More information

WELCOME! Introduction. Celebrating. &PrimeRevenue. PrimeRevenue Hong Kong. 2012 PrimeRevenue, Inc.

WELCOME! Introduction. Celebrating. &PrimeRevenue. PrimeRevenue Hong Kong. 2012 PrimeRevenue, Inc. WELCOME! Introduction Celebrating Ethe Factor Network establishment of &PrimeRevenue PrimeRevenue Hong Kong 2012 PrimeRevenue, Inc. Global Reach Today, we transact business in 50 countries Our platform

More information

Westpac Home Ownership Report AUGUST 2013

Westpac Home Ownership Report AUGUST 2013 Westpac Home Ownership Report AUGUST 2013 Introduction 3 Sample Profile 5 KEY FINDINGS 8 Home Ownership No. 1 Priority 9 Lack of Understanding 12 ers and Overpayments 1 Australian Home Ownership Snapshot

More information

BROWN BROTHERS HARRIMAN (LUXEMBOURG) S.C.A. Wells Fargo (Lux) Worldwide Fund

BROWN BROTHERS HARRIMAN (LUXEMBOURG) S.C.A. Wells Fargo (Lux) Worldwide Fund Argen na CITIBANK, N.A. BUENOS AIRES BRANCH Australia Austria HSBC BANK AUSTRALIA LIMITED FOR THE HONGKONG AND SHANGHAI DEUTSCHE BANK AG, VIENNA BRANCH Belgium DEUTSCHE BANK AG, AMSTERDAM BRANCH Brazil

More information

Egy magyar, nagynyomású hidrogén-generátor Perspektívák és alkalmazások idehaza és külföldön

Egy magyar, nagynyomású hidrogén-generátor Perspektívák és alkalmazások idehaza és külföldön Egy magyar, nagynyomású hidrogén-generátor Perspektívák és alkalmazások idehaza és külföldön Dr. Darvas Ferenc Dr. Remzsı Tibor ThalesNano Zrt. (Budapest), ThalesNano LLC (Princeton, NJ, USA) Main Tech

More information

The Changing Face of the European Venture Capital Industry: Facts and Analysis

The Changing Face of the European Venture Capital Industry: Facts and Analysis The Changing Face of the European Venture Capital Industry: Facts and Analysis Summary Report on the Survey of European Venture Capital (SEVeCa) Laura Bottazzi (IGIER-Bocconi University and CEPR) http://www.igier.uni-bocconi.it/bottazzi

More information

EU Capital Requirements Directive IV

EU Capital Requirements Directive IV EU Capital Requirements Directive IV Article 89, Country by Country Reporting 2014 Table of contents 3 Introduction 4 Austria 4 Belgium 4 Denmark 5 France 5 Germany 6 Ireland 6 Italy 7 Luxembourg 8 Monaco

More information

Comprehensive emissions per capita for industrialised countries

Comprehensive emissions per capita for industrialised countries THE AUSTRALIA INSTITUTE Comprehensive emissions per capita for industrialised countries Hal Turton and Clive Hamilton The Australia Institute September 2001 the Parties included in Annex I shall implement

More information

Three new stock ETFs for greater global diversification

Three new stock ETFs for greater global diversification Three new stock ETFs for greater global diversification Canadian stocks account for less than 4% of publicly traded companies global market value. Investors in Canada, however, allocate 59% of their stock

More information

A Comparison of the Tax Burden on Labor in the OECD By Kyle Pomerleau

A Comparison of the Tax Burden on Labor in the OECD By Kyle Pomerleau FISCAL FACT Jun. 2014 No. 434 A Comparison of the Tax Burden on Labor in the OECD By Kyle Pomerleau Economist Key Findings Average wage earners in the United States face two major taxes: the individual

More information

Circular on. Adjustment of rates for business travel as of 1 January 2014. Circular of 20 December 2013

Circular on. Adjustment of rates for business travel as of 1 January 2014. Circular of 20 December 2013 Circular of 20 December 2013 Circular on Adjustment of rates for business travel as of 1 January 2014 In the event of any inconsistency between the Danish and English language versions of the document,

More information

www.pwc.com IPO Watch Europe Survey Q2 2013

www.pwc.com IPO Watch Europe Survey Q2 2013 www.pwc.com IPO Watch Europe Survey Q2 2013 Contents Quarterly European IPO activity by value and volume 3 Market volatility index and stock market performance 4 IPO offering value 5 IPO volume 6 Top ten

More information

INTERNATIONAL COMPARISONS OF HOURLY COMPENSATION COSTS

INTERNATIONAL COMPARISONS OF HOURLY COMPENSATION COSTS For release 10:00 a.m. (EST) Tuesday, March 8, 2011 USDL-11-0303 Technical Information: (202) 691-5654 ilchelp@bls.gov www.bls.gov/ilc Media Contact: (202) 691-5902 PressOffice@bls.gov INTERNATIONAL COMPARISONS

More information