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Swiss Talent And Innovation ‘Needs More Financing To Flourish’

Calls For Support Close To Home

 
• By Ayisha Sharma

With excellent academic centers and a thriving start-up scene, Switzerland’s biotech scene has garnered significant interest in recent years. However, without being a priority for EU funds, the sector remains reliant on foreign cash and needs a funding push from within to boost success.  

Swiss Biotech Focus
Switzerland Is Home To The Human Brain Project And Blue Gene Supercomputer • Source: Shutterstock

Trends in Swiss biotech financing last year mostly reflected global biotech doldrums as a result of macroeconomic challenges, according to the Swiss Biotech Report 2023. Equity and debt markets were difficult to access, prompting firms to turn to licensing and collaboration deals as a source of non-dilutive financing.

For instance, in January 2022, Schlieren-based Neurimmune Holdings AG out-licensed its Phase Ib transthyretin amyloid cardiomyopathy monoclonal antibody asset, NI006, to AstraZeneca PLC in return for $30m upfront and a further $730m in potential milestones as well as low-to-mid teen royalties on future sales

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