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Commitment and experience for changing times


More than any other technology, biotechnology has the potential to alter our lives in a positive way. And by achieving this potential, today’s biotech companies are delivering new levels of health, prosperity and sustainability — across the world. But with increasing regulation, growing pricing pressures and competition for acquisitions, you face unprecedented challenges.


Ernst & Young has been a pioneering presence in the biotechnology industry  we were the first professional services firm to build a practice dedicated to serving your industry. We’ve stayed committed to your business with our leading reports and our knowledgeable professionals. So it’s not surprising that we serve more biotech companies than any other professional services firm — by a wide margin.

The Ernst & Young Global Biotechnology Center reflects our continuing commitment to biotechnology. It develops our thought leadership and brings you clear insights to address your assurance, tax, transaction and advisory needs. And it networks and educates our biotech professionals from around the world, so they are informed about the emerging issues impacting your business.

The bottom line? You receive a consistent, high-quality, seamless service — wherever you operate — and the help you need to meet your goals.

Webcast: Is the Obama administration good medicine for the drug industry?

As Washington changes direction, many question whether reform policies will present new opportunities or risks for the pharma, biotech, and medtech sectors. Watch our webcast to hear the views of industry leaders, including Billy Tauzin, President of PhRMA, Jim Greenwood, President of the Biotechnology Industry Organization and Brett Loper, Senior Executive Vice President, Government Affairs from AdvaMed.

Lessons from change: the life sciences industry

How can you manage your company through the recession and position yourself for growth? After interviewing thousands of life sciences executives, we identified some overarching themes. From managing risks to improving capital allocation, we reveal the lessons that could mean the difference between surviving and thriving in the new economic environment.

Opportunities in adversity: Life sciences survey snapshot

How are life sciences companies weathering the financial crisis? Working with the Economist Intelligence Unit, we surveyed executives on the steps they’re taking to contend with their ever-mounting pressures. While the industry faced strong headwinds before the economic downturn, our findings highlight key transformational issues and confirm the crisis intensified the need for change. Discover which strategic responses are topping their agendas and see how yours compare (pdf, 281kb).

Beyond borders: Global biotechnology report 2009

 

A deep funding drought. Depressed valuations. Demanding regulators and payors. These are challenging times. But are they unprecedented? Ernst & Young’s 23rd annual biotechnology report reveals how firms are responding with business strategies, new funding sources and creative deals. It also provides historical context, comprehensive data and insightful analysis to show how the business of biotech is going beyond business as usual, and what it means for you.

The top 10 business risks affecting life sciences companies

As industry regulations become more stringent, government and private insurers are placing unprecedented pressures on life sciences companies to demonstrate value for the products they develop. Not surprisingly, this challenge topped the list of the 10 most pressing risks facing the life sciences industry in 2009. Read the press release and report (pdf, 4.61M) for steps which can be taken now to address top risks.

Commitment and experience for changing times

Contacts

Hee Hwan Lee  
Biotechnology
Industry Leader
Tel: +82 2 3787 9182

Ernst & Young Online

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