Nordic Life Science 1
“Importantly, this is not a failure of European s
cience or entrepreneurship. The gap is in the infrastructure that should allow innovative companies to finance, scale up, and stay European.” can genuinely support high-growth companies at scale. Europe has everything it needs to make this happen.” You bring experience as both an investor and industry leader, how will your background shape the coalition’s priorities and approach? “Having financed and supported biotech companies across Europe from early-stage venture through to public markets, I have seen first-hand where the funding gaps are and why founders sometimes feel the system works against them. That practical experience shapes how the ELSC operates. We are here to bring data and real-world evidence to conversations with institutional investors who may have misconceptions about life science VC. And with policymakers who are designing frameworks without always understanding the operational reality of building a biotech company in Europe.” I n recent years, almost all European biotech companies that went public chose to list outside Europe, what do you think is not working in Europe’s current system? “The data is hard to argue against: 66 out of 67 EU biotechnology companies that went public over the last six years listed outside the European Union. That is not a coincidence, it is a clear signal that our capital market infrastructure needs to catch up. The core problem is that European public markets do not offer the liquidity, valuation support, or specialized investors that growing biotech companies need.” “Europe also doesn’t have one large, highly active stock market that can properly support fast-growing life science companies. Until this changes, US markets will continue to attract many of these companies. Which is why we’re acting now. Importantly, this is not a failure of European science or entrepreneurship. The gap is in the infrastructure that should allow innovative companies to finance, scale up, and stay European.” What needs to change in Europe’s capital markets and funding landscape to help companies scale up and stay within the region? 68 | NORDICLIFESCIENCE.ORG “Europe needs to improve several areas at once to help companies scale up in the region: relax rules so pension funds and insurers can invest more in venture capital, strengthen public markets by moving toward a more unified European exchange, and close the late-stage funding gap that often forces companies to rely on US investors. All of this needs to happen together to build a stronger and more independent ecosystem.” W LEARN MORE European Commission Biotechnology: health.ec.europa.eu/biotechnology_en Invest Europe: investeurope.eu hat would success for this coalition look like in, say, five years, what tangible outcomes should we expect? “Success will be measurable. In five years, I want to point to concrete shifts: more institutional money going into European life science VC, larger European funds operating at scale, and more companies financing their growth and reaching public markets without having to leave Europe to do so.” “Our goal is to build a European framework that matches our scientific excellence with competitive financing capacity. If more European biotech companies are choosing to scale up and list here because Europe has become the right place to do it, that will be a clear sign that the coalition has moved the needle.” NLS EUROPE // FINANCING