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Words: | Submitted: Mon Jun 19 2006
... types of pharmaceutical companies in the UK: * Research and Development (An Integrated Company) * Research Only - i.e. Biotechnology * Contract Pharmaceutical Organization (CPO) i.e. Snyder and Ashfield Problems faced by Biotech companies A recent Commission survey of private biotech companies and public research institutes reveals that 39% of the respondents have cancelled research projects on Genetically Modified Organisms (GMOs) over the last four years. The European Research Commissioner Philippe Busquin said, "In the private sector alone, 61% of respondents have cancelled research projects in this field. Furthermore, between 1998 and 2001, the number of notifications for GMO field trials in the EU declined by 76 %. Now that legitimate consumer and environmental concerns have been tackled by strict EU legislation, it is time to reverse this downward trend. If we do not react, we will be dependent on technology developed elsewhere in the world within the next ten years." Enterprise and ...
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