The financial analysis of sixteen biotech companies is carried in relationship with their research activity according to the following typology: 1) pure biothec companies, 2) pharmaceutical companies, and 3) other medical application companies. Companies studied are: Asta Medica, Amgen, Amershan, Chiron, Evotec, Genset, Genentech, Genzyme, Innogenetics, Eli Lilly, Novartis, Novo Nordisk, Roche, Solvay and Shering.
DECLERCK, F. (2001). Financial Analysis of Biotech Companies According to their Involvement in Research. ESSEC Business School.