Oslo Bio Update June 2008

A newsletter from Oslo Teknopol covering activities in the life science cluster in the Oslo region.
 
Ernst & Young and Boston Consulting Group report continued growth in Norwegian biotech, and BioWorld editor Nuala Moran looks at the bustling biotech scene in Norway.
 
Oslo Cancer Cluster has made major progress in its drive to become Europe’s leading Cancer Center since the launch last year at BIO in Boston, and Norwegian bioprospecting is diving deeper in Arctic waters. 
 
Sonitor achieves success tracking patients and equipment at US hospitals, and the Wireless project BWSN enters 2nd phase.
 
Professor Stig Omholt of the Norwegian University of Life Sciences makes headlines in The Times, Le Monde and the New York Times for his work on organizing a focused international effort to put in vivo meat on the menu.
 
Thomas Ramdahl, CEO of Algeta, gives his views on the Alpharadin success story, and SiRNAsense pioneers new RNA interference drugs for oncology.
 
Take a walk on the roof of Oslo’s iceberg-like new Opera and find out why working in Norway has never been more attractive….and much more!

Norway is leading in two of the most exciting areas of drug discovery research-cancer stem cells and marine bioprsospecting. Major international conferences on both are planned for 2009. Photo: Erling Svensen
Norway is leading in two of the most exciting areas of drug discovery research-cancer stem cells and marine bioprsospecting. Major international conferences on both are planned for 2009. Photo: Erling Svensen

Another strong year

Norway’s biotech sector shows its strength in risk-averse times
Biotechnology and risk are synonymous. Now, with the rising price of natural resources and the credit crunch unsettling the financial markets the sector is feeling the pinch as risk-averse investors pull out.

Bjarte Reve and Jonas Einarsson are delighted the OCC concept has already gained widespread interest in both Europe and the US. Photo: Thea Tønnessen
Bjarte Reve and Jonas Einarsson are delighted the OCC concept has already gained widespread interest in both Europe and the US. Photo: Thea Tønnessen

Oslo Cancer Cluster

Oslo Cancer Cluster – one year on
Celebrating its first anniversary at BIO, the Oslo Cancer Cluster (OCC) is already well on the road to realizing its vision ‘to transform world class cancer research into new cancer diagnostics and treatment and thereby improve the lives of cancer patients’.
OCC will have a big presence at the BIO Convention in San Diego this month, with a Round Table session with big pharma, and several posters on display.

DiaGenic uniquely use peripheral blood as the sample material for their new early breast cancer test about to be launched in India. Photo: PhotoCure
DiaGenic uniquely use peripheral blood as the sample material for their new early breast cancer test about to be launched in India. Photo: PhotoCure

Business review

Potential for major growth in Norwegian Biotech

A recent report from the Boston Consulting Group made for the Norwegian Association of Pharmaceutical Manufacturers, shows a huge potential for growth in the biotech sector in Norway. There is untapped potential related to translating the ideas, technologies, and capabilities coming out of Norwegian biopharma research into more commercial value creation, is the primary conclusion of the report. If Norway manages to play its cards right, the whole sector could increase its total turnover to over 80 billion NOK by 2015. Today the turnover is merely 6 billion NOK.

Dr. Thomas Ramdahl, President and CEO, Algeta. Photo: Algeta
Dr. Thomas Ramdahl, President and CEO, Algeta. Photo: Algeta

Company profile

ALGETA
Algeta is a cancer therapeutics company based in Oslo, Norway. Here CEO Thomas Ramdal runs through the company's exciting prospects for lead product Alpharadin which is based on alpha emitters.

Professor Kjetil Taskén is one of the key supporters of Norway's growing life sciences sector. Photo: Jo Michel
Professor Kjetil Taskén is one of the key supporters of Norway's growing life sciences sector. Photo: Jo Michel

Research News

Five company grants from FUGE
FUGE, the Norwegian Research Councils program for functional genomics, recently granted funding to five life science companies: Ewos Innovation AS, siRNAsense AS, Spermatech AS, GenderGuide and PubGen.

Bioprospecting below the ice reveals a world of extremely "hardy" bioactive organisms. Photo: Hindrich Basemann
Bioprospecting below the ice reveals a world of extremely "hardy" bioactive organisms. Photo: Hindrich Basemann

Blue and Green

Bioprospecting – uncovering Norway’s hidden treasure
The marine environment is a rich, yet largely unexplored, resource which could yield many novel bioactives. While the United States is at the forefront of marine bioprospecting, Norway could also achieve a global position because of its long tradition of harvesting the sea and the rich biodiversity of its Arctic and subArctic water.

Consortium for man-made meat creates mini research council

In a decade you may be able to by hamburgers in the shop, made from a bioreactor and not from a cow. – A novel approach to a problem which will not solve it self, says initiator professor Stig Omholt.

Sonitor ultrasound tags allow tracking of patients and equipment throughout hospitals. Photo: Sonitor
Sonitor ultrasound tags allow tracking of patients and equipment throughout hospitals. Photo: Sonitor

Wireless Medtech

Sonitor’s new patient tag
profiled on US tv

Sonitor’s Real Time Location System (RTLS) ultrasound technology for tracking patients and equipment has already been implemented in 24 US hospitals.

The new Oslo Opera House is already being acclaimed as one of the wonders of the North. Photo: Ida Næss Wangen
The new Oslo Opera House is already being acclaimed as one of the wonders of the North. Photo: Ida Næss Wangen

Oslo Scene

Oslo - The perfect environment to live and work

The fjord, the woods and the culture make Oslo an exiting capital to live in. A blossoming biotech scene adds to the attraction for life scientists.

Photo: Corbis-CD
Photo: Corbis-CD

One to watch

siRNAsense AS

siRNAsense uses novel techniques within the field of RNA interference to develop new drugs to combat cancer.

Event calendar

Meet representatives from the Oslo life science sector at the following events:

Contact

Shortcut to Oslo Teknopol employees according to specialty

Your guide

Useful links arranged by subject

Newsletter

List of newsletters from Oslo Teknopol