insight
insight
According to a new analysis from the Danish Ministry of Industry, Business and Financial Affairs life sciences companies contribute impressively to both R&D, economic progress and employment in Denmark - and foreign life sciences companies play an important role in this as well.
When
A new analysis from the Danish Ministry of Industry, Business and Financial Affairs illustrates that the Danish life sciences industry, comprising almost 1,500 life sciences companies and approximately 47,300 employees, contribute considerably to both R&D, economic progress and employment in Denmark.
In fact, according to the analysis the value increment in the life science industry has grown by 88 per cent in 8 years. By comparison, the value increment in the industry in Denmark has increased by 17 per cent during the same period. Furthermore, the analysis shows that the productivity level is twice as high in the life science industry compared to the overall economy.
The life science industry is a growth engine which creates great value for the Danish economy - and we must ensure that this will continue in the future. That is why it is important for me to create the best possible framework conditions for the life science industry in Denmark.
Rasmus Jarlov, Minister for Industry, Business and Financial Affairs
Ministry of Industry, Business and Financial Affairs
The analysis shows that life sciences companies account for more than a third of all private research and development projects in Denmark. In 2016, this corresponded to a value of more than 15.5 billion DKK. Moreover, life sciences investments have grown by 60 per cent since 2008.
The development in the life sciences industry has not only been driven by intense investments in research and development coming from the life science companies, but also by the Danish government’s investments in education and research. In Denmark, it is our common ambition to educate highly talented people who deliver results of very high quality.
Rasmus Jarlov, Minister for Industry, Business and Financial Affairs
Ministry of Industry, Business and Financial Affairs
Subsidiaries of most of the major international life sciences companies are already present in Denmark, employing over one fourth of all employees in the Danish life sciences industry.
The foreign subsidiaries in Denmark are typically involved in a wide range of different research and collaboration activities with Danish universities and the public health sector. For example, most of the major international pharmaceutical and biotech companies that are present in Denmark conduct clinical trials. Reasons include a strong political commitment to this area of research, which manifest itself in among other initiatives the establishment of Trial Nation, a ‘one-point-entry’ for the industry when looking to conduct clinical trials in Denmark. Furthermore, Denmark offers a strong tradition for public-private partnerships, excellent research standards and the best clinical trial subjects.
The global healthcare company MSD, a subsidiary of American Merck & Co., is one of the major investors in clinical research in Denmark.
Denmark has a strong position when competing with other countries in terms of attracting foreign investments in Life Science. This is not least the case in areas of clinical research and collecting real world evidence. The high quality data combined with the excellent collaboration between public and private stakeholders are the most important reasons for our long-term commitment to investing in clinical research in Denmark.
Andreas Daugaard Jørgensen, Managing Director
MSD Denmark
If you would like to learn more about doing business in the Danish life sciences industry, please contact our dedicated expert:
Title: Director
Area: Copenhagen
Email: [email protected]
Phone: +4533921195
Title: Deputy Director
Area: Copenhagen
Email: [email protected]
Phone: +4521836195
Title: Director for Europe
Area: Copenhagen
Email: [email protected]
Phone: +45 6197 9220
Title: Team Leader - Life Sciences & Food
Area: Copenhagen
Email: [email protected]
Phone: +45 3392 1350
Title: Team Leader - Cleantech
Area: Copenhagen
Email: [email protected]
Phone: +4533920836
Title: Team Leader, Tech
Area: Copenhagen
Email: [email protected]
Phone: +4533921736
Title: Team Leader - Analysis & Partnership
Area: Copenhagen
Email: [email protected]
Phone: +4533921093
Title: Special Advisor - Life Sciences
Area: Copenhagen
Email: [email protected]
Phone: +4521247056
Title: Special Advisor – Maritime and transport – Analysis & Partnerships
Area: Copenhagen
Email: [email protected]
Phone: +4533920423
Title: Special Advisor - Cleantech
Area: Copenhagen
Email: [email protected]
Phone: +4533920810
Title: Special Advisor - Quantum Tech & Venture Capital
Area: Copenhagen
Email: [email protected]
Phone: +45 2938 9943
Title: Special Advisor – Dual-use tech
Area: Copenhagen
Email: [email protected]
Phone: +45 2133 8147
Title: Special Advisor - Analysis & Partnerships
Area: Copenhagen
Email: [email protected]
Phone: +4533921639
Title: Digital Marketing Specialist
Area: Copenhagen
Email: [email protected]
Title: Special Advisor - Quantum Tech
Area: Copenhagen
Email: [email protected]
Phone: +4533920783
Title: Special Advisor - Life Sciences & Biosolutions
Area: Copenhagen
Email: [email protected]
Phone: +45 40 25 69 08
Title: Project Assistant – Analysis & Partnerships
Area: Copenhagen
Email: [email protected]
Phone: +4533920535
Title: Project Assistant - Tech
Email: [email protected]
Phone: +4533921916
Title: Life Science Production Coordinator
Area: Berlin
Email: [email protected]
Phone: +49 3050502140
Title: Special Advisor - Logistics, Distribution & Production
Area: Kolding
Email: [email protected]
Phone: +45 5144 8613
Title: Special Advisor - Cleantech
Area: Silkeborg
Email: [email protected]
Phone: +45 2170 5851
Title: Special Advisor - Food
Area: Aarhus
Email: [email protected]
Phone: +45 2383 4608
Title: Special Advisor - Tech
Area: Aarhus
Email: [email protected]
Phone: +45 2051 7594
Title: Special Advisor - Life Sciences
Area: Aarhus
Email: [email protected]
Phone: +45 2856 8540
Title: Special Advisor – Cleantech & ICT
Area: Aalborg
Email: [email protected]
Phone: +45 6010 6101
Title: Special Advisor - ICT & Cleantech
Area: Aalborg
Email: [email protected]
Phone: +45 4115 3125
Title: Investment Manager
Area: Oslo
Email: [email protected]
Phone: +47 9132 2010
Title: Investment manager – Tech & Quantum
Area: London
Email: [email protected]
Phone: +44 (0) 78 1083 7296
Title: Senior Investment Manager - Cleantech & Life Sciences
Area: London
Email: [email protected]
Phone: +44 (0) 20 7333 0218
Title: Investment Manager – Life Sciences & Food
Area: London
Email: [email protected]
Phone: +44 7511 877225
Title: Investment Manager – Life Sciences & Food
Area: Paris
Email: [email protected]
Phone: +33 (0) 6 72 32 40 82
Title: Investment Manager - Cleantech
Area: Paris
Email: [email protected]
Phone: +33632637658
Title: Investment Manager - Tech
Area: Munich
Email: [email protected]
Phone: +498954585425
Title: Investment Manager – Tech
Area: New York
Email: [email protected]
Phone: +1 (929) 726-9167
Title: Investment manager - Cleantech
Area: New York
Email: [email protected]
Title: Investment Manager - Life Sciences
Area: New York
Email: [email protected]
Phone: +1 (212) 7054946
Title: Director for North America
Area: New York
Email: [email protected]
Phone: +1 (212) 705 4972
Title: Deputy Director, North America & Senior Investment Manager - Life Sciences & Location Denmark
Area: New York
Email: [email protected]
Phone: +1 (917) 497 1300
Title: Investment Manager - Food & Location Denmark
Area: New York
Email: [email protected]
Phone: +1 (212) 705 4928
Title: Life Science Production Coordinator – Life Sciences
Area: New York
Email: [email protected]
Phone: +1 (212) 705-4974
Title: Investment Manager – CleanTech, Life Science & Food
Area: Canada
Email: [email protected]
Phone: +1 647 295 5704
Title: Investment Manager - Tech
Area: Toronto
Email: [email protected]
Phone: +1 (416) 565-0248
Title: Investment Manager - Life Science & Digital Health
Area: Silicon Valley
Email: [email protected]
Phone: +1 (650) 272-9510
Title: Investment Manager - Cleantech
Area: Silicon Valley
Email: [email protected]
Title: Investment Manager - Quantum Technology
Area: Tokyo
Email: [email protected]
Phone: +818040006915
Title: Investment Manager – Life Science & Food
Area: Tokyo
Email: [email protected]
Phone: +81 3 3496 3001
Title: Investment Manager
Area: Tokyo
Email: [email protected]
Phone: +81337808745
Title: Investment Manager - Cleantech & ICT
Area: Bangalore
Email: [email protected]
Phone: +91 963 234 2021
Title: Investment Manager – Tech
Area: Bangalore
Email: [email protected]
Phone: +91 91088 19810
Title: Investment Manager - Tech, Life Sciences & Cleantech
Area: Taipei
Email: [email protected]
Phone: +886 968 309 526
Title: Head of Marketing & Communication, Asia
Area: Shanghai
Email: [email protected]
Phone: +86 21 8025 0642
Title: Investment Manager - Cleantech & Maritime
Area: Shanghai
Email: [email protected]
Phone: +86 158 0058 0725
Title: Senior Investment Manager - Location Denmark & Life Sciences
Area: Shanghai
Email: [email protected]
Phone: +86 21 8025 0636
Title: Director for Asia
Area: Singapore
Email: [email protected]
Phone: +6565060277
Title: Investment Manager in Cleantech, Tech, Life Science, Food & Maritime
Area: Singapore
Email: [email protected]
Phone: +65 8028 3668
