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Biotech boss tells Europe to invest if it wants a homegrown sector

Argenx is one of the bloc’s largest biotech companies but its shareholder base is dominated by US specialist investors
Tim Van Hauwermeiren: ‘I think the last box . . .  [shareholders are] still waiting for will be the point of break-even, where we turn the corner on profitability’

Europe needs to learn from US shareholders willing to make big bets on biotech if it wants to create a thriving homegrown industry, according to the chief executive of Argenx, one of the bloc’s largest biotech companies. 

Tim Van Hauwermeiren told the Financial Times that Europe has a “chicken and egg” problem: specialist healthcare funds are scarce because not enough biotechs are available to invest in — and biotechs are scarce because domestic investors do not support them.

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