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25/01/2021 - 9 minutes
Meet the most successful biotech companies in Belgium, a small country that makes a huge contribution to the European biotech industry.
With over 140 operating biotech companies and a solid network of renowned universities and research institutes, the Belgium biotech industry is a flourishing ecosystem. Despite its small size, Belgium represents nearly a quarter of the European biotech market value, racing ahead of countries like Denmark, Germany, and Spain.
The country’s strong track record is acknowledged globally, with several Belgian biotechs having been acquired by larger companies in recent years. Two prominent examples are Sanofi’s acquisition of Ablynx for €3.9B and TiGenix’s takeover by Japanese pharma giant Takeda for €520M.
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