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9 January 2003
Cautious
Californian Optimism
The atmosphere
at this year's JP Morgan conference was one of "cautious
optimism", reports Katja Stout attending the conference on
behalf of Northbank and its clients.
The
general viewpoint was that the sector has reached a ‘tipping
point' during the gloom of last year's trading
and it was predicted that 2003 will prove to be the year that
biotech
shows how productive it can be. David Kessler, former commissioner
of the US Food and Drug Administration (FDA) predicted, at
his luncheon presentation, that 2003 will potentially see a
greater
number of products receiving FDA approval driven by new leadership
at the FDA as well as an increase in the number of Investigative
New Drug applications from the sector.
More
than 265 companies presented at this years gathering which
had an attendance of
more than 5000 over its four days. The
presentations were generally of a refreshingly high standard.
The best presentations
were well thought out with a strong focus on commercial timelines
and route to market to satisfy nervous investors in the current
climate. Expensive animations and detail on science was out
this year. "Whilst most presentations were of a good
standard, the presentations that stood out as high impact
had not only good
content but also obvious professional design," commented
Dr David Chilvers, Chief Business Officer of Xantos, a Northbank
client.
Presentations
prepared for the conference by Northbank included Cambridge
Antibody Technology (CAT) and Microscience.
Rowena
Gardner, Director of Corporate Communications at CAT said "We
were delighted with the outcome of the presentation prepared
by Northbank.
It communicated our key messages and corporate style effectively".
Rod
Richards, CEO of Microscience said "The team at
Northbank helped us create a professional presentation
that gave
the audience a clear and concise picture of Microscience
and how our product
portfolio will create value."
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