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5 June 2003
Event
Round-up
techMARK
mediscience awards dinner, 5 June 2003, Hotel Intercontinental,
London
Katja Stout
and Caroline Stupnicka attended the techMARK
mediscience awards dinner as guests of Northbank's client Oxford BioMedica. The
event, sponsored by the London Stock Exchange and Evolution Beeson
Gregory, was attended by over 400 guests including: techMARK mediscience
companies, corporate brokers, lawyers, fund managers, analysts,
accountants, PR consultants and journalists.
The awards form
part of an ongoing programme of activities to maintain focus on
and raise visibility of techMARK mediscience companies - the first
international market for healthcare companies launched by the London
Stock Exchange in 2001.
The winners
on the day were:
- Best performing
techMARK mediscience share award: Celsis International
- Best communication
award: Alizyme
- Breakthrough
of the year award: CAT for Humira, its recently approved rheumatoid
arthritis drug
- Chief executive
of the year award: Andrew Heath from Protherics
- The most
significant contribution to UK life sciences award: Rolf Stahel
from Shire Pharmaceuticals
Northbank Communications
would like to congratulate all the winners on their awards.
Biotechnology
Investment Today Conference, 5 June 2003, London - Northbank
sponsors Biotechnology Investment Today Conference
Northbank was
sponsors of the Biotechnology Investment Today (BIT) 2003 CEO BioBusiness
Seminar and Investor conference on 5 June. The day consisted of
informative panel discussions and Q&As chaired by Paul Wake,
former Editor-in-Chief of BIT at the scenic offices on the top floor
of the London Stock Exchange Building, with breath taking vistas
of the City of London.
The day kicked
off with Q&A discussions from Rachel Maguire, Head of Issuer
Services, LSE and William Powlett Smith, Head of Health Sciences
Group, E&Y. Sue Charles, CEO at Northbank, participated in a
panel discussion on Public Relations vs Investor Relations, focused
on managing shareholder expectations and how a private company should
prepare for a listing. Other panel discussions included discussions
around the financing of European biotechs and drew conclusions that
there was a lot of untapped money in Switzerland as well as in Asia,
provided that you had the right advisors in the latter continent.
The atmosphere
was one of cautious optimism, fuelled by news of the successful
close of the third international Schroder Ventures Life Sciences
Fund at just over $400m, which was announced by Northbank Communications
(press release) and the 30 – 40%
rise in biotech market indices over the previous months.
The wrap-up
consisted of a summary of the E&Y report, Endurance, by William
Powlett Smith. Despite bleak financing conditions and a 60% increase
in companies with less than one year of cash, positive trends have
included a marked increase of VC funding going into biotechnology,
genomics in particular, and in products progressing through clinical
trials. Fundamentals for the latter half of 2003 were predicted
to be positive.
BIO2003,
22 – 25 June 2003, Washington
If you tap the
biotech barometer at the moment the needle is moving towards fair.
In the last three months BioCentury's BC 100 Index has risen
a reassuring 40% (39.5%). The improving temperature was perceptible
at the recent BioIndustry Organisation convention in Washington.
BIO was ‘seriously
buzzy' says UK BioScience Managers' Jeremy Curnock Cook,
who is raising money for a new biotech fund. ‘It's fascinating
how different the US is to the UK. Once they get the bit between
their teeth they just go from glacial to lava. In that week companies
were seeing exceptional share price hikes on the back of new clinical
data and companies were suddenly raising money where previously
none was forthcoming. Many of Northbank's clients had a presence
at the annual industry event. Commenting on the event Dr Zisi Fotev
VP Business Development from atugen, Berlin, had a stand there.
"I wouldn't say the level of the presentations was that
cutting edge or that the poster sessions were that well attended
but, as ever, the main reason for going there is that you just meet
everybody. We met our Japanese clients and most of our other partners."
And this year, even George W Bush turned up. We're all interested
in biotechnology.
ChemSpec
4-5 June, Manchester, UK
Nicola Reed
Jones from Northbank Communications joined over 2,600 visitors browsing
around 273 exhibitor companies this year, which drew in record attendance.
The ChemSpec
Europe exhibition is focused on the needs of the fine and speciality
chemicals market, which in turn serves a diverse marketplace. In
spite of animal cruelty activists, concerns over SARS and the strike
by French air traffic controllers, the event was well attended from
companies worldwide, with the greatest number of exhibitors coming
from UK, Germany, China and India respectively.
Focus
2003, 13 – 15 May 2003, Manchester
"Our aims
are to ensure that diagnostics no longer remains a ‘best kept
secret' and to begin the process to ensure that UK plc's
investment in diagnostics no longer stays as second lowest amongst
our EC partner countries", proclaimed Gilbert Wieringa, Chair
of Focus 2003, the national meeting of the Association of Clinical
Biochemists (ABI).
A bold statement,
but one that this years Focus event, has done little to quell. Coinciding
with the ABI's golden anniversary, the meeting attracted both
established and new players in the diagnostics industry, with over
50 exhibitors including the likes of Roche, Bayer, Beckman Coulter
and Abbott.
Attended by
Peter Colley and James Parkinson from Northbank's Manchester
office, the event provided a platform to raise awareness of diagnostics
to patients, the public and government, and was jointly organised
with the British In Vitro Diagnostics Association (BIVDA). As well
as a lively exhibition hall, the three-day programme squeezed in
key speakers such as Dr S Hill, Chief Scientific Officer of the
Department of Health, workshops and lectures, the ACB 50th Anniversary
Banquet and culminated with the presentation of the Bayer Research
Award.
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