Looking Abroad

Germany's Biotech Blind Spot

Laboratory woman employee magnifier biotech research Source Corbis 46780602
German investors could be overlooking biotech opportunities, which are right under their nose.
  • Why it matters

    Why it matters

    German biotech firms are growing but technology and jobs may end up abroad if domestic investors continue to ignore them.

  • Facts

    Facts

    • Curetis wants to list on a stock exchange this year, but may choose not to do so in Germany.
    • When Munich-based Medigene raised €46 million ($50.6 million) for research into cancer immunotherapy, only five percent of investors were from Germany.
    • Halle-based Probiodrug listed its stocks in 2014 in Amsterdam while Heidelberg-based Affimed listed on Nasdaq in New York.
  • Audio

    Audio

  • Pdf

The fight against drug-resistant germs in hospitals is a major focus of the start-up biotech company Curetis. The firm, founded in 2007, has developed a diagnostic system to locate bacterial infections more quickly, identify them more precisely identified and, as a result, treat them more effectively.

This year Curetis faces another type of resistance: The wariness German investors feel for the biotech industry.

Curetis, based near Stuttgart, plans an initial public offering in the fourth quarter to bring in fresh capital in the mid-double digit millions range. The money is primarily earmarked for a planned expansion in the U.S. market and development of its own sales force in North America.

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