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German biotechs upbeat on good business, rising expectations – VCI

LONDON (ICIS)--The biotech arm of the German chemical trade group VCI said on Tuesday trading conditions in 2015 have so far been good, with 84% of biotech companies surveyed saying business will improve in the remaining months of this year.

Almost 70% of biotech companies surveyed by the German Association of Biotechnology industries (DIB) said they expect to increase their research and development (R&D) spending during 2015. However, 23% of respondents said spending would remain the same as in 2014, with only 9% saying it would decrease.

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