ETLA’s new report “The Finnish Biotechnology Sector: Status, Growth and Challenges” presents a comprehensive overview of the scope and dynamics of the industry. Finland hosts 834 biotechnology companies, with a combined turnover of €7.1 billion and 19,400 employees. At the core of modern biotechnology are 124 companies, generating €220M in value added and employing around 2,800 people. Growth appetite is exceptionally strong, but the biggest hurdles are regulatory approval processes and weaknesses in sales, marketing, and distribution.

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