Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


AusBiotech 2009 confirms biotech sector in recover

AusBiotech 2009 confirms biotech sector in recovery

Thursday 12 November 2009 - The AusBiotech 2009 conference has confirmed the Australian biotechnology sector is on the rise again, having survived the economic downturn and emerging stronger than before.

1423 delegates from 30 countries around the world gathered in Melbourne from 27 -30 October for the industry’s premier biotechnology conference in the Asia Pacific region.

“The event was a resounding success and a fantastic showcase of local research and development, highlighting the investment potential of both the early and late stage work currently taking place in Australia,” said Dr Anna Lavelle, CEO AusBiotech.

International investors at the inaugural Australasian Life Sciences Investment Summit overwhelmingly agreed that Australia’s research and science is world class and highly regarded overseas.

“The Summit achieved its goal of showcasing Australian R&D and encouraging investment in Australian biotechnology...l think that there will be a lot of follow up with local companies,” said Selena Chaisson, Director of Healthcare Investments at Bailard based in California.

“There has been a visible improvement in the state of the sector with a significant rise in both local and international funding of companies over the last three months, and a clear flow of capital back into the sector opening up a number of new opportunities for Australian biotechs,” said Dr Lavelle.

“There was an overwhelming sense amongst delegates and participants at the conference that the worst of the economic downturn is behind us. With the PWC life sciences index up 5.6% in the year to June 2009, there is a strong belief that the recent good performance of the sector will be sustained over the coming year,” she added.

This year’s conference boasted significant representation from a number of countries including the UK, USA, Singapore, South Korea, Canada, New Zealand and for the first time South Africa, illustrating the strong international reputation of both the event and the local biotechnology sector.

The conference provided invaluable opportunities for relationships and partnerships to be forged amongst representatives from Australian biotech’s and international and local investors and pharmaceutical companies. More than 3680 meetings were requested throughout the duration of the conference, with 2159 confirmed through the Business Matching Program.

“Following the success of last year’s conference, AusBiotech 2009 was yet another great event. Importantly it demonstrated the recovery of the biotech industry out of the economic downturn and pointed to the emergence of a stronger sector than ever before as a result of local R&D successes close to market and increased investment in Australian companies,” said Dr Lavelle.  

To access speaker presentations from AusBiotech 2009 please click here.



© Scoop Media

Business Headlines | Sci-Tech Headlines


RNZ: Porirua Most Expensive Region To Rent, According To Trade Me

A rental website shows this town is now New Zealand's most expensive region to rent a house, ahead of Wellington and Auckland cities. More>>


Stats NZ: Nearly 1,000 More Big Businesses Now Than Two Decades Ago – Media Release

There are now 2,690 big businesses in New Zealand employing more than 100 staff – nearly 1,000 or 58 percent more than 20 years ago, Stats NZ said today. Over the 20 years to February 2020, the total number of enterprises in New Zealand increased ... More>>


RNZ: Housing Boom Could Get Worse, Economist Warns

Economists are calling on the Reserve Bank to reinstate lending restrictions, warning the housing market is spiralling out of control. More>>


Westpac: Sets Out Plan To Go Cheque-Free

Westpac NZ has announced details of its plan to phase out cheques, after signalling in May that it would be supporting a move to other forms of payment. Cheques will cease to be available as a means of payment after 25 June 2021. Westpac NZ General ... More>>


NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>


CERT NZ: Malicious Computer Virus Targeting New Zealanders

CERT NZ, the government agency which supports organisations and individuals affected by cyber security incidents, says a recent surge of increasingly sophisticated malware attacks is affecting everyday New Zealanders as well as large organisations. The ... More>>


Economy: NZ Small Business Recovery Continues In September

Xero, the global small business platform, today released its Small Business Insights (XSBI) for September revealing an uptick in small business jobs and year-on-year revenue growth in New Zealand. Nationwide, the average number of jobs in the small ... More>>


Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>