Report: Biotech revenue, spending on R&D rose in 2011

09/26/2012 | PharmaTimes (U.K.) ·

Biotech companies, on average, generated $76 million in revenues last year, up 24% compared with 2010, according to a report from consulting firm BDO USA. On average, research and development spending grew to $50 million from about $47 million in 2010. Major biotechs with revenues surpassing $50 million reported a 33% increase in revenue, but smaller biotechs reported a 12% decline.

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PharmaTimes (U.K.) ·

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