ScanBalt BioRegion - On Top of Europe

ScanBaltThe ScanBalt association reports that ScanBalt BioRegion at the end of 2006 hosts 2129 Life science companies including 671 biotech companies, 323 phama companies and 370 medical device companies.

The year 2006 brought some remarkable results in ScanBalt BioRegion. The year finished with the biggest ever deal between pharma and biotech with the Medicon Valley based company Genmap signing an agreement with GlaxoSmithKline, the value of which potentially could exceed $2.1 billion.

In the Baltic countries and Poland biotech and life sciences are growing. As an example of this positive development the Latvian BioTech Association was established in 2006 and several foreign biotech companies have during the year moved into the country.

General secretary Peter Frank, ScanBalt says "We find the development positive. Life sciences and biotechnology are strong drivers for creating a competitive knowledge based economy in the Baltic Sea Region able to compete with the US, Asia and others. At the same time it is a frontrunner for integration of the region.

However we should constantly focus on removing barriers for the mobility of human, financial and industrial resources within the Baltic Sea Region and work to attract resources from the outside.

In addition the regions needs to strengthen their regional clusters and promote collaboration between them.

By doing so we can realize the full positive potential of life sciences and biotechnology on the economy and at the same time solve problems within health, environment, food and agriculture".

For further information please contact general secretary Peter Frank at +45 35324146, Mob +45 27141078, e-mail This email address is being protected from spambots. You need JavaScript enabled to view it. or visit http://www.scanbalt.org

Most Popular Now

Philips Foundation 2024 Annual Report: E…

Marking its tenth anniversary, Philips Foundation released its 2024 Annual Report, highlighting a year in which the Philips Foundation helped provide access to quality healthcare for 46.5 million people around...

New AI Transforms Radiology with Speed, …

A first-of-its-kind generative AI system, developed in-house at Northwestern Medicine, is revolutionizing radiology - boosting productivity, identifying life-threatening conditions in milliseconds and offering a breakthrough solution to the global radiologist...

Scientists Argue for More FDA Oversight …

An agile, transparent, and ethics-driven oversight system is needed for the U.S. Food and Drug Administration (FDA) to balance innovation with patient safety when it comes to artificial intelligence-driven medical...

New Research Finds Specific Learning Str…

If data used to train artificial intelligence models for medical applications, such as hospitals across the Greater Toronto Area, differs from the real-world data, it could lead to patient harm...

Giving Doctors an AI-Powered Head Start …

Detection of melanoma and a range of other skin diseases will be faster and more accurate with a new artificial intelligence (AI) powered tool that analyses multiple imaging types simultaneously...

AI Agents for Oncology

Clinical decision-making in oncology is challenging and requires the analysis of various data types - from medical imaging and genetic information to patient records and treatment guidelines. To effectively support...

Patients say "Yes..ish" to the…

As artificial intelligence (AI) continues to be integrated in healthcare, a new multinational study involving Aarhus University sheds light on how dental patients really feel about its growing role in...

Brains vs. Bytes: Study Compares Diagnos…

A University of Maine study compared how well artificial intelligence (AI) models and human clinicians handled complex or sensitive medical cases. The study published in the Journal of Health Organization...

'AI Scientist' Suggests Combin…

An 'AI scientist', working in collaboration with human scientists, has found that combinations of cheap and safe drugs - used to treat conditions such as high cholesterol and alcohol dependence...

Start-ups in the Spotlight at MEDICA 202…

17 - 20 November 2025, Düsseldorf, Germany. MEDICA, the leading international trade fair and platform for healthcare innovations, will once again confirm its position as the world's number one hotspot for...