{"id":143640,"date":"2020-04-28T20:50:21","date_gmt":"2020-04-28T20:50:21","guid":{"rendered":"https:\/\/www.bnreport.com\/astrazeneca-plc-may-be-the-uks-largest-company-but-it-and-other-pharma-giants-rely-in-small-cap-biotech-for-new-medicines-according-arix-pair\/"},"modified":"2020-04-28T20:50:21","modified_gmt":"2020-04-28T20:50:21","slug":"astrazeneca-plc-may-be-the-uks-largest-company-but-it-and-other-pharma-giants-rely-in-small-cap-biotech-for-new-medicines-according-arix-pair","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/astrazeneca-plc-may-be-the-uks-largest-company-but-it-and-other-pharma-giants-rely-in-small-cap-biotech-for-new-medicines-according-arix-pair\/","title":{"rendered":"AstraZeneca PLC may be the UK\u2019s largest company, but it and other pharma giants rely in small-cap biotech for new medicines, according Arix pair"},"content":{"rendered":"

Following the financial shake-out, AstraZeneca<\/a> PLC (LON:AZN<\/a>) has become the UKs largest company, underlining the importance to the economy of the healthcare industry.<\/p>\n

However, the last available data from the Food & Drug Administration reveal a majority of new medicines that came through the approval process originated from the labs of some worlds smaller R&D firms.<\/p>\n

\u201cThats because Big Pharma needs to meet the demand for new medicines by supplementing their own pipelines with ideas and products from smaller, innovative biotech companies,\u201d said Jonathan Tobin, managing director of London-listed venture capital firm Arix Bioscience PLC<\/a> (LON:ARIX<\/a>).<\/p>\n

Christian Schetter, the firms entrepreneur in residence, added: \u201cBiotech is at an inflection point. Were seeing potential become reality at ever greater speed, as innovative scientific discoveries are rapidly being translated into medicines that have the potential to Read More \u2013 Source<\/a>
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\n <\/p>\n

Proactiveinvestors<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

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