Lundbeck Foundation wants stronger biotech businesses in Denmark, but this doesn't rule out international growth

A managing partner at Lundbeckfonden Emerge would like to see more biotech businesses growing bigger and staying in Denmark, but this doesn't mean they can't also go public in the US.

Photo: Lundbeckfonden / PR

When Danish biotech companies reach a certain size, the growth is usually supplemented by an acquisition offer from a bigger firm, often from abroad. There's nothing wrong with this model, says Christian Elling, managing partner at Lundbeckfonden Emerge, even if he would prefer to see a more of them stay in Denmark for longer, growing domestically.

This is not to say that firms must go public in Denmark with a Danish-centered approach, if this isn't in the best interest of investors, reports Danish media Finans.

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