Erhvervsudvalget 2020-21
ERU Alm.del Bilag 376
Offentligt
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LIFE SCIENCE ACROSS THE ØRESUND
– a survey of transregional commuters, actors, research and investments
900 border commuters in
Medicon Valley
At least 20 Danish CEOs
at companies in Skåne
13 Danish companies listed
in Sweden since 2014
ERU, Alm.del - 2020-21 - Bilag 376: Ny analyse fra Medicon Valley Alliance og Øresundsinstituttet "Life science across the Øresund" præsenteret 22. juni 2021
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PREFACE
The Danish-Swedish life science cluster that spans over the Øresund, Medicon Valley, is linked together
by all of the engaged individuals who work at the universities, hospitals, research centres and all of the
companies in the region. As part of the Interreg-project Greater Copenhagen Life Science Analysis Initiative,
Øresundsinstituttet has surveyed networks, collaborations, investments, ownership and personal contacts
in Medicon Valley.
More than 900 people employed at companies in the life science cluster commute across the Øresund Strait,
most of them from Skåne to Danish companies such as Novo Nordisk, Ferring, LEO Pharma, Lundbeck and
Genmab. The growing group of companies from Skåne – frequently small and listed in Sweden – is also hel-
ping itself to the generous offering of skilled business leaders schooled in the large life science companies
across the strait in Denmark. Today, more than 20 life science companies in Skåne are headed by a Danish
CEO. Ultimately, in and around Copenhagen is where Medicon Valley’s largest life science companies are.
The Danish system of large, foundation-owned companies means that power over the company remains in
Denmark, even if it is publicly traded, and it also means that part of the company’s profits return to research
and new startups via the foundations that own them. In Sweden, the focus is more on going public; since
2014, thirteen Danish life science companies have acted on the attraction to listing in Stockholm, and twelve
of them are still listed today. More than 25 companies are active on both sides of the Øresund – and this is
no novel phenomenon. Already back in 1914, the then-Danish Løvens Kemiske Fabrik set up a Swedish sub-
sidiary in Helsingborg: Leo Läkemedel. The company has changed hands many times since then, and today
it’s known as McNeil, and its manufacturing and development units are still in Helsingborg.
There is nothing new about national rules and regulations making work across the strait more difficult despite
the proximity over the Øresund with the bridge connecting Copenhagen and Malmö and ferries shuttling
between Helsingborg and Helsingør. University grants are generally not allowed to cross borders, for example,
although a good collaboration means bilateral flow. Over the past six years, crossing the Øresund has become
even more difficult for us humans. The migration crisis, crime and now the coronavirus pandemic have led to
national decrees on border control and at times even partially closed the borders. At the same time, the border
region is receiving support from Brussels via the EU-programme Interreg Öresund-Kattegat-Skagerrak. Since
2015, Interreg has granted nearly €47mn for joint border regional development projects in the life sciences.
This analysis is part of one such project.
After more than 50 interviews with players from Medicon Valley, we can draw several conclusions:
Personal contacts are of great consequence for the border regional development between Sweden
and Denmark.
The national systems still have difficulty managing a border region.
The trans-Øresund exchange is extensive. Medicon Valley’s Danish and Swedish parts are tightly
interwoven by their people, capital, projects, research and affairs.
There remains great potential to increase contacts across the Øresund. The Øresund is where
Denmark’s and Sweden’s national life science strategies meet. Two neighbouring countries, both
successful in the life sciences, each an important trade partner for the other. The interviews in this
report show that the actors who see great opportunities in expanding collaborations are very many.
Copenhagen and Malmö, 22 June 2021
Johan Wessman
CEO
Øresundsinstituttet
LIFE SCIENCE ACROSS THE ØRESUND
– a survey of transregional commuters, actors,
research and investments
This analysis has been prepared by Øresundsinstituttet as part of the Interreg-
project Greater Copenhagen Life Science Analysis Initiative and was written by
Jenny Andersson, Kristoffer Dahl Sørensen, Sofi Eriksson and Johan Wessman.
Project manager for analytics: Jenny Andersson
Overall project manager: Johan Wessman
Translation: Justina Bartoli
Cover photo: News Øresund
June 2021
GREATER COPENHAGEN LIFE SCIENCE ANALYSIS INITIATIVE
is an EU-project aimed
at increasing knowledge about the region’s life science cluster. The focus is on the
demand for labourers, future expertise needs, and more. The project has received
funding through the EU-programme Interreg Öresund-Kattegatt-Skagerrak and will
continue until 30 June 2022. The project’s lead partner is Medicon Valley Alliance, and
the partner is Øresundsinstituttet. Region Skåne and Region Zealand are co-funding
the project.
MEDICON VALLEY
is the bi-national life science
cluster spanning eastern Denmark and the
Skåne region of southern Sweden. Today, the
Danish-Swedish region is marketed interna-
tionally with the name ‘Greater Copenhagen’,
and its increasing population has reached
more than four million residents. In Sweden,
the same geographical area is often called the
‘Øresund Region’.
ERU, Alm.del - 2020-21 - Bilag 376: Ny analyse fra Medicon Valley Alliance og Øresundsinstituttet "Life science across the Øresund" præsenteret 22. juni 2021
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PHOTO: NEWS ØRESUND
TABLE OF CONTENTS
1. Summary .................................................................. 6
2. Commuters and the labour market .......................... 12
3. Management ........................................................... 26
4. Research and education .......................................... 47
Focus: Diabetes ........................................................ 56
Focus: Oncology ....................................................... 68
Focus: Reproduction ................................................. 82
BioInnovation Institute
5. Transregional sector actors and activities ............... 90
6. Investments and listings ....................................... 110
7. Appendix ............................................................... 135
PHOTO: LEO PHARMA
ABOUT ZEALAND AND SKÅNE
When we refer to Zealand and Skåne in this report, we are generally referring to the
following geographic classification: the Danish island Zealand, and the southern
Swedish province Skåne. There are also public and administrative geographies. On
the Danish side, the Capital Region of Denmark includes the capital city Copenhagen
and the surrounding municipalities, up to northeast Zealand and including the island
Bornholm. Region Zealand comprises the remaining parts of Zealand and islands such
as Møn, Lolland and Falster. On the Swedish side of the Øresund, the province of Skåne
is geographically equivalent to Region Skåne. Together, the three Danish and Swedish
regions comprise the Øresund Region, whose population was 4.1 million at the end of
2020, with two-thirds living on the Danish side. The Medicon Valley cluster shares the
geography of the Øresund Region. The term Greater Copenhagen is used as an inter-
national place brand for the Danish-Swedish region, and it also designates a political
collaboration that encompasses the three abovementioned regions as well as Region
Halland. The Greater Copenhagen region has a population of 4.4 million.
LEO Pharma Open Innovation.
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SUMMARY
SUMMARY
HIGHLIGHTS FROM THE REPORT
MORE THAN 900 BORDER COMMUTERS
The life science sector’s labour force moves back
and forth across the Øresund Region. A total of
over 900 border commuters were identified in the
region. At least 800 people commute from Skåne
to work at life science companies in Zealand. At
least 100 commuters from Zealand were identified
as working in the life science sector in Skåne.
These figures are the result of extensive contact
between Øresundsinstituttet and the companies
between 2020-2021. One often hears about highly
educated workers who are active across the Øre-
sund. Novo Nordisk is the Medicon Valley company
with the largest number of border commuters.
200 people travel from Sweden across the Øre-
sund to work at the company in Denmark.
Read more about border commuting and the
labour market in the sector on page 12-25
PHOTO: NEWS ØRESUND
At least 20 Danish CEOs/managing di-
rectors work in large, medium-sized and
small life science companies in Skåne.
The number of Danish directors has
risen since 2017. Read more on page 27.
Søren Bregenholt, new CEO of
Alligator Bioscience in Lund.
Simon Østergaard, new
CEO of CellaVision in Lund.
EXCELLENT RESEARCH IN THE REGION
Cancer, diabetes and reproduction are three research areas of excellence in Medicon Valley.
World-class research is conducted in all three, and there are multiple links across the strait.
There are around 600 researchers in
CANCER RESEARCH
at the hospitals in Region Skåne,
Region Hovedstaden and Region Sjælland, and there is also extensive research at the universities,
in the industry and at the Danish Cancer Society’s research institute in Copenhagen. Within cancer
research, it is relatively common for researchers and research groups to collaborate across the
strait, but researchers call for more structural collaboration.
DIABETES RESEARCH
has strong historical links to the
Øresund Region, as the predecessor to today’s Novo Nordisk
was founded in Copenhagen in 1923. Today, research centres
on both sides of the Øresund bring together diabetes research,
and many of the largest players have joined forces in the Inter-
reg-collaboration DiaUnion.
REPRODUCTION RESEARCH
has also traditionally been
strong in the Øresund Region, and there has long been extensive
exchange across the strait within the Interreg-project ReproU-
nion 2.0 and its earlier iterations. Today, a unique biobank is
being constructed, the aim with which is to include 5 000 couples
from Denmark and Sweden and get to the bottom of involuntary
childlessness. Read more pages 46-89.
PHOTO: NEWS ØRESUND
Novo Nordisk A/S
Ferring Pharmaceuticals A/S
LEO Pharma A/S
H. Lundbeck A/S
206
110
66
40-45
PHOTO: NEWS ØRESUND
MORE FOREIGN CEOS IN ZEALAND
Around three-fourths of the life science companies that
are listed in Sweden and have headquarters or ma-
nufacturing facilities in Skåne are headed by Swedish
CEOs. In Denmark however, around two-thirds the
life science companies with
headquarters and listings
in Denmark are headed by
Danish CEOs. The share of
foreign CEOs in the segment
is thus larger in Denmark than
in Skåne. Larger, listed Danish
companies such as Novozy-
mes, H. Lundbeck, Zealand
Pharma, Orphazyme and
Ambu for example have recruited chief executives from
abroad in the past five years. According to recruitment
experts, the differences in internationalisation between
Denmark and Skåne are related to the companies’ size,
development stage, capital needs and more. Read more
on page 26-40.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Working more from home due to the
pandemic is making it difficult for border
commuters – in the life science and other
sectors – to fulfil the requirement of
working at least half of the time in their
country of employment. This has created
extra administration and additional costs
for companies and could also mean that
border commuters may be hit with back
taxes. Read more on page 16.
POTENTIAL FOR MORE
RESEARCH COLLABO-
RATION ACROSS THE
ØRESUND.
”Working together is incre-
dibly easy; it’s great when
Danish and Swedish doctors
and researchers get together
for a project and share data
and work together – that has never been a problem, it’s
always been a lot of fun. The obstacles to collaboration
are much more structural.”
Mef Nilbert,
head of research at the Danish Cancer Society
in Copenhagen. Read more on page 80-81.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
PHOTO: NEWS ØRESUND
CORONAVIRUS PANDEMIC
GIVES BORDER COMMUTERS
TAX HEADACHES.
€47mn
Between 2015-2022, the EU-programme
Interreg Öresund-Kattegat-Skagerrak
granted just under €47mn to joint Da-
nish-Swedish development projects in the
life sciences. 18 life science projects have
received funding during that time, and ten
of the projects are still currently active –
e.g. DiaUnion. Read more on page 91.
6
PHOTO: NEWS ØRESUND
Examples of life science com-
panies in Zealand with border
commuters from Sweden
Number of border
commuters from
Sweden
7
PHOTO: NEWS ØRESUND & CELLAVISION
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SUMMARY
SUMMARY
THE WORD ON ØRESUND COLLABORATION
”We have historical collaborations in the Øre-
sund Region, and we will definitely continue to
have them. The collaborations are both on the
commercial and on the academia fronts. I think
we should open a mutual invitation and say: the
things that we can do better together working
across the Øresund are things we should pursue”,
says
Kim Kjøller,
chairperson of the cluster orga-
nisation Danish Life Science Cluster, which was
founded in 2020 and represents around 500 actors
from the sector. Read more on page 106.
DENMARK’S AND SWEDEN’S LIFE SCIENCE
STRENGTHS CONSOLIDATE AROUND THE
ØRESUND
The Øresund Region’s Medicon Valley cluster is Scandinavia’s largest life science cluster. The
region’s common research strengths are in diabetes, cancer, fertility and more, and globally le-
ading companies and universities are active in those fields. Denmark and Sweden work across the
Øresund to build highly advanced research facilities, and Danish and Sweden investment compa-
nies join together to fund new ideas. Innovation and new startups take shape at universities and
science parks in Medicon Valley, and more than 900 border commuters cross the Øresund for their
work, bringing together Danish and Swedish expertise.
€35mn
The Novo Nordisk Foundation granted
€35mn for the super-microscope Mi-
croMAX in Lund, which will be ready
for use in 2022. The grant is the foun-
dation’s largest in southern Sweden
today. Read more on page 107.
PHOTO: NEWS ØRESUND
PHOTO: NEWS ØRESUND
INVESTMENT CLIMATE IN PROGRESS
The investment climate in Medicon Valley is moving forward, according to a number of Danish and
Swedish investment companies. Funding rounds are growing larger, especially on the Danish side of
the Øresund, and the participation of venture firms from abroad is increasingly more frequent. Many
of the life science companies in Medicon Valley with Danish-Swedish ownership interviewed agree
that the access to risk capital is generally good. Actors from the sector point out that Novo Nordisk
Foundation’s establishment of the BioInnovation Institute in Copenhagen in 2017 was an important
event for seed-funding in the region, and it has also benefitted Swedish life science companies. Com-
panies in Skåne also highlight the need for better access
to venture capital, and companies on Danish shores
would like to see the Danish stock market become more
lucrative, like its Swedish counterpart. The result is
different capital structures on either side of the Øresund:
71 life science companies have headquarters in
Skåne and are listed in Stockholm
20 life science companies have headquarters in
Zealand and are listed in Copenhagen
13 Danish life science companies have gone public
in Stockholm since 2014; 12 of them are still li-
sted. Together, the companies’ IPOs raised 665mn
SEK, or €65mn.
Danish and Swedish companies, organisations,
labour forces, capital and research merge in the
Øresund Region’s life science sector. This is appa-
rent when research starts at Lund University and is
developed further in Copenhagen, for example. Da-
nish and Swedish trade organisations work together
on conferences and marketing strategies. Biotech
companies recruit expertise from Skåne. Danish
companies list in Sweden with the help of Swedish
financial players. Life science companies from Skåne
recruit experienced business managers who have
been schooled in Denmark’s global enterprises. And
research groups work across the Øresund to reach
joint goals of finding new treatments.
The life science sector that spans across the
Øresund is thus linked in many ways in the
Danish-Swedish Medicon Valley cluster, which
employs around 50 000 people. The five chapters of
the report in hand aim to identify strengths, links
and structural similarities and differences in the life
science sector in Medicon Valley, which is Scandi-
navia’s largest life science cluster.
One of Medicon Valley’s shared Danish-Swedish
strengths is that Zealand and Skåne both conduct
globally leading research in diabetes, fertility and
cancer. Research is carried out commercially via
beacon companies such as Novo Nordisk, Ferring
Pharmaceuticals and Genmab, as well as at universi-
ties, where the researchers further boost the region’s
scientific strong points. We received data for this
analysis from hospitals and universities (The only
data from the University of Copenhagen concerns
the Center for Basic Metabolic Research (CBMR)
and Biotech Research & Innovation Centre (BRIC),
and reservation is made for the possibility that some
researchers work at hospitals as well as universities
regarding:
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
• Approx. 1 700 cancer researchers
• Approx. 1 000 diabetes researchers
• Approx. 150 reproductive researchers
Sector links within the cluster are apparent in
that e.g. there are employees in the sector who work
on the opposite side of the Øresund. All the while,
researchers at Danish universities develop instru-
ments and software that are already in use and will
MEDICON VALLEY EMPLOYS 50 000
The companies in the Danish-Swedish Medicon
Valley cluster employ more than 50 000 pe-
ople in the Øresund Region.
PHOTO: NEWS ØRESUND
MEDICON VALLEY
is the bi-national life
science cluster spanning eastern Denmark
(Region Zealand and the Capital Region of
Denmark) and the Skåne region of southern
Sweden. Today, the Danish-Swedish region
is marketed internationally with the name
‘Greater Copenhagen’, and its increasing po-
pulation has reached four million residents.
In Sweden, the same geographical area is
often called the Øresund Region’.
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SUMMARY
SUMMARY
be used at research facilities in Skåne in the future.
Danish companies also receive advice from Swedish
players on going public in Sweden to raise capital
for further development.
• There are at least
900 border commuters
employed in the companies in Medicon Valley,
800 of whom live in Skåne and work in Zealand.
• There are at least
20 Danish CEOs
in the life scien-
ce cluster in Skåne
.
13 Danish life science companies
have listed in
Sweden since 2014
, 12 of them are still listed today.
• Denmark makes financial contributions to
European Spallation Source, ESS,
and
MAX IV
in Lund. Denmark and Sweden are host countries
for ESS, whose research facilities are being built in
Lund and the data centre for which is at Copenha-
gen Bio Science Park (COBIS) in Copenhagen.
Border commuting is important for both
Sweden and Denmark
One of the main results of this report is that there
are more than 900 border commuters at companies
in the region. Many in the sector thus live in one
country and work in the other.
Trans-Øresund exchange is important, as it broa-
dens the recruitment base across the Øresund. Danish
life science companies are currently finding themselves
with a labour force shortage. If border commuting
from Skåne were to decrease, the need for labourers in
the sector in Denmark would be intensified further.
PHOTO: BIOINNOVATION INSTITUTE
UPCOMING ANALYSIS: SURVEY OF THE
DANISH LIFE SCIENCE SECTOR
The focus of this report is movement over the Øresund and transregi-
onal commuters, actors, research and investments in the life science
sector. Upcoming analyses in the Interreg-project Greater Copenha-
gen Life Science Analysis Initiative will include a detailed survey of the
life science cluster on the Danish side of Medicon Valley and more.
An analysis of the clusters on the Swedish side by the name of
“Life science in Skåne – A survey of companies in the sector” was
published in the autumn of 2020. The report shows among other
things that more than 7 500 people work in the life science sector
in Skåne; this in an increase of 1 500 employees since 2015. A total
of 426 life science companies were identified in Skåne.
The analytic work is carried out by Øresundsinstituttet, and the
Interreg-project’s leading partner is Medicon Valley Alliance.
Petter Hartman,
Jens Nielsen,
CEO Medicon
CEO BII Founda-
Valley Alliance.
tion. See p. 103.
See p. 108.
INVESTMENT AND LISTINGS
PHOTO: NEWS ØRESUND
PHOTO: NEWS ØRESUND
Tue David Bak,
Managing Director
Greater Copenha-
gen Committee.
See p. 97.
PHOTO: NOVO SEEDS
Ulrika Ringdahl,
Managing Director
Invest in Skåne.
See p. 97.
PHOTO: NEWS ØRESUND
Asbjørn Over-
gaard Chris-
tiansen,
CEO
Copenhagen Capa-
city. See p. 97.
PHOTO: PILA PHARMA-JENNY LEYMAN
Report on life science in Skåne
from from November 2020.
Carsten Borring,
Head of Listing. &
Cap. Markets Nas-
daq Copenhagen.
See p. 118.
Fredrik Rahl,
Director Sedermera
Fondkommission.
See p. 120.
Søren Møller,
Managing Partner
Novo Seeds. See
p. 126.
Peter Benson,
Chairperson &
co-founder Suns-
tone. See p. 128.
Dorte X Gram,
CEO PILA PHAR-
MA. See p. 44 &
133.
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ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
PHOTO: COPENHAGEN CAPACITY
Life science companies in Skåne also benefit
from an open and flexible labour market, however.
The expertise that people who reside in Sweden can
acquire working at larger life science companies in
Zealand is unique, as there are multiple large global
companies in the industry in Zealand. They function
as an anchor of sorts for startups and other businesses
in the region. In many cases, people from the sector
from Skåne later bring their expertise back and thus
benefit other companies in e.g. Malmö and Lund.
Increasing awareness among Danes in the sector
of the career opportunities that exist on the Swedish
side of the Øresund is a transregional challenge.
Danish-dwellers in the sector may also have higher
expectations when it comes to e.g. salary that may
be difficult to honour.
With its 25% rate, the so-called SINK-tax has
traditionally prompted Danes to accept positions
in Skåne despite the Danish crown being stronger
than its Swedish counterpart. The taxation advanta-
ge for border commuters has become a tax trouble
during the coronavirus pandemic, however. Official
restrictions have made it difficult for many people
to fulfil the requirement of being physically present
in one’s country of employment 50% of the time.
This has meant additional administration and costs
for companies and employees in the life sciences
and in other sectors, and there have been calls for
the tax rules for border commuters to be adjusted to
accommodate for working from home in the future.
In spite of the abovementioned challenges,
approximately 100 commuters live in Denmark and
work at life science companies in Skåne, more than
20 of them in executive positions.
EXAMPLES OF PEOPLE WHO WORK IN MEDICON VALLEY
COMMUTERS AND EXECUTIVES ACROSS THE ØRESUND
PHOTO: NOVO NORDISK
PHOTO: NEWS ØRESUND
PHOTO: PRIVATE
PHOTO: LEO PHARMA
PHOTO: SCANDINAVIAN ONCOLOGY
Kasper Bødker
Mejlvang,
Country
Manager Novo
Nordisk. See p. 14.
PHOTO: IKENNET RUONA - LUNDS U.
Britt Meelby
Jensen,
CEO Atos
Medical. See p. 22.
Sara Harboe,
Vice President
ArjoHuntleigh. See
p. 25.
PHOTO: KENNETH RUONA
Niclas Nilsson,
Head of Innovation
Lab at LEO Phar-
ma. See p. 41.
PHOTO: DIRECTORS CORNER
RESEARCH AND EDUCATION
PHOTO: NEWS ØRESUND
Maj Hedtjärn,
COO & Head of
R&D Operations at
Scandion Oncology.
See p. 34.
PHOTO: LUND UNIVERSITY
Erik Renström,
Vice-chancellor of
Lund University.
See p. 54.
PHOTO: NEWS ØRESUND
Elise Witthof,
Coordinator iCope.
See p. 74.
Kristian Pietras,
Professor and
Coordinator LUCC.
See p. 76.
PHOTO: NEWS ØREUSND
Carl Borrebaeck,
Professor and se-
rial entrepreneur.
See p. 78.
PHOTO: INVEST IN SKÅNE
TRANSBORDER ACTORS AND OPERATIONS
Aleksander
Giwercman,
Project Manager
ReproUnion 2.0.
See p. 87.
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PHOTO: NOVO NORDISK
COMMUTERS AND THE LABOUR MARKET
Over 900 Danish-Swedish border commuters
in Medicon Valley
Border commuters are important for the life science sector in Medicon Valley, as many of those
active in the sector gain their professional experience across the Øresund. There are over 900 bor-
der commuters in the sector, many of them in positions that require a high level of expertise. At
least 800 people from Sweden work in the sector on the Danish side. Over 100 border commuters
from Denmark commute to jobs in the sector in Skåne; commuting for work from Skåne to Zealand
is thus more common than in the opposite direction. These figures come from a survey in which
Øresundsinstituttet interviewed the majority of Skåne’s life science businesses, as well as 50 of
the larger Danish life science companies in Zealand, regarding the number of their employees who
commute across the Øresund. For example, just over 200 of Novo Nordisk’s employees commute
from Skåne to the pharma company’s office- and research facilities in Zealand. The coronavi-
rus-pandemic has created immediate challenges related to taxation, attracting employees and
more, but also new, flexible working conditions for border commuters.
COMMUTERS AND THE LABOUR MARKET
More than 900 life science employees commute
over the Øresund. At least 800 life science employ-
ees from Sweden work in some of Denmark’s largest
life science companies. Around 100 border commu-
ters from Denmark were identified as commuting
to Skåne for work in the sector.
These results are based on contact for this report
between Øresundsinstituttet and the region’s busi-
nesses in 2020 and 2021. This involved asking the
majority of Skåne’s life science companies questions
regarding the number of their employees who
commute across the Øresund, and 50 larger-scale
Danish life science companies were also selected
and interviewed about the same. Over 30 Danish
life science companies supplied figures regarding
the number of their employees who commute from
Sweden, and in total, around 800 people cross the
border from Sweden to work in the Danish life sci-
ence sector. They are frequently people with a high
level of expertise.
Thus, people who live in Sweden commute to
e.g. the pharmaceutical companies H. Lundbeck,
LEO Pharma and Novo Nordisk, the hearing aid
manufacturer GN Hearing, the ingredients solution
company Chr. Hansen, the biotech companies
Genmab and Zealand Pharma and the medtech
company Ambu.
It may be assumed that the number of border
commuters from Sweden to Denmark would be
higher if board members and consultants were
included in the figures; in addition, commuter
figures were not supplied by all of the life science
companies asked. Examples (page 14) show that
labourers from Skåne find their way to Copenhagen
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
and the surrounding areas to make a difference in
the Danish life science sector, and that the same is
true in the other direction, toward Skåne.
Many border commuters at Novo Nordisk
and Ferring
One pharmaceutical company in Denmark with
many employees from Sweden is Ferring Pharma-
ceuticals A/S, which was founded in Malmö in
900
More than 900 Danish-Swedish border
commuters were identified in Medicon
Valley in Øresundsinstituttet’s survey
between 2020-2021.
800 BORDER COMMUTERS FROM SWEDEN
At least 800 border commuters from Sweden
were identified as working in life science
companies in Zealand; for example, ca.
200 commuters from Sweden work at Novo
Nordisk on the Danish side of the Øresund.
100 BORDER COMMUTERS FROM DENMARK
At least 100 border commuters from Den-
mark were identified as working in life scien-
ce companies in Skåne. Most of the sector’s
commuters travel from Sweden to Denmark.
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COMMUTERS AND THE LABOUR MARKET
COMMUTERS AND THE LABOUR MARKET
OVER 900 DANISH-SWEDISH BORDER
COMMUTERS IN MEDICON VALLEY
Many life science companies in the Danish-Swedish Medicon
Valley cluster recruit employees from across the Øresund. At least
800 people from Sweden work in the sector on the Danish side.
Over 100 border commuters from Denmark commute to jobs in
the sector in Skåne for a total of at least 900 border commuters in
the life science sector in the Øresund Region. Most commute from
Sweden to Denmark for work in the sector.
Number
of border
commu-
ters from
Sweden
206
110
66
40-45
31
29
25
22
20
15
15
13
13
13
Examples of life science
companies in Zealand with
border commuters from
Sweden
Novo Nordisk A/S
Ferring Pharmaceuticals A/S
LEO Pharma A/S
H. Lundbeck A/S
Coloplast A/S
Chr. Hansen A/S
Demant A/S
AGC Biologics A/S
Genmab A/S
GN Hearing A/S
Xellia Pharmaceuticals A/S
WS Audiology A/S
Radiometer Medical A/S
Zealand Pharma A/S
Subsector
Pharma
Pharma
Biotech
Pharma
Medtech
Biotech
Medtech
CDMO
Biotech
Medtech
Biotech
Medtech
Medtech
Biotech
Number of
employees
in Zealand
16 800
580
2 100
1 700
1 300
1 800
1 800
670
210
630
690
1 000
1 200
230
Example of companies in Zealand with 1-9 border commuters from
Sweden:
Ambu A/S, Bavarian Nordic A/S, Symphogen A/S, AstraZe-
neca A/S, Orphazyme A/S and Ferrosan Medical Devices A/S.
Number
of border
commu-
ters from
Denmark
14
14
10
10
Arjo Sverige AB
PolyPeptide Laboratories AB
Atos Medical AB
LEO Pharma AB
Medtech
CDMO
Medtech
Pharma
200
280
200
25
Example of companies in Skåne with 1-9 border commuters from
Denmark:
Novo Nordisk Scandinavia AB, Boston Scientific Nordic AB,
Camurus AB, SVAR Life Science AB, Probi AB and Ascelia Pharma AB.
Source: Information from the companies and annual reports. Commuter numbers refer to
2018/2019/2020/2021. The numbers apply to border commuters from Sweden and Denmark,
which does not necessarily imply that they are Swedes or Danes. Please note that these figu-
res may have changed since they were reported. Read more about the method on page 135.
14
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
PHOTO: FERRING
Example of life science com-
panies in Skåne with border
commuters from Denmark
Subsector
Number of
employees
in Skåne
1950. In 2002, the company was among
the first to consolidate in the then-new
neighbourhood Ørestad, near Copenha-
gen Airport, and in 2006 it opened a new
global headquarters in Switzerland. Today,
Ferring Pharmaceuticals’ International
PharmaService Center and R&D are in
Ørestad and employ around 600 people,
150 of whom are border commuters from
Skåne. Between May and September of
2021, Ferring Pharmaceuticals will be
moving to Soundport, near Copenha-
gen Airport. Soundport will be the new
Danish headquarters and Ferring Group’s
largest R&D centre. It will be even closer
to Malmö, where the company continues
to have sales- and marketing activity.
Another Danish life science company
with a commuting labour force from
both Sweden and Denmark is Novo
Nordisk. The largest pharmaceuticals
company in Denmark and Scandina-
via, Novo Nordisk has 206 employees
in Denmark who receive their mail in
Sweden and are thus border commuters
between Zealand and Skåne. Of these
206, 138 are Swedish. Moreover, the
company has around five Danish com-
muters at its facilities in Malmö, where
around 75 people are employed.
– It is absolutely crucial for us as a com-
pany to be able to attract and retain com-
petent employees where we are. This is also
true for our Danish subsidiary, and luckily
we can bring in sharp minds from Sweden.
Similarly, our subsidiary in Malmö can
be an attractive workplace for people who
commute in the other direction over the
Øresund, says Kasper Bødker Mejlvang,
country manager for Novo Nordisk in
Denmark. He himself works at Novo
Nordisk’s Ørestad office, which employs
just under 100 people. He adds:
– Our position in Ørestad, close to
the Øresund Bridge, makes commuting
between work and home in Sweden both
easy and fast. Under normal circumstan-
ces, without Covid-19, it actually takes
less time to commute to and from Malmö
or elsewhere in Skåne than it would
from say Copenhagen to our facility in
Hillerød, he says.
Another of Denmark’s largest pharma-
FERRING’S NEW RESIDENCE CAN BOOST BORDER COMMUTING
OVER THE ØRESUND ONCE AGAIN
More border commuters in Medicon Valley
may become a reality in the years to come.
One major reason is that Ferring Pharma-
ceuticals (International Pharma Science
Center) is consolidating at a new address
in the Copenhagen area, this time even
closer to the southern Sweden.
In the summer of 2021, the pharmaceu-
tical company will move from its Danish
headquarters in the Ørestad district to
Kastrup, adjacent to Copenhagen Airport.
Ferring Pharmaceuticals’ new Danish
headquarters, which goes by the name
Soundport, is located right on the coast of
the Øresund Strait, with a clear view of Mal-
mö, the city in which the company has its
historical roots. With its 37 500m2, Sound-
Ferring’s new Danish headquarters near Copenhagen Airport, in
port will be the largest R&D centre for the
Kastrup.
Ferring Group, whose global headquarters
are located in Saint-Prex, Switzerland.
chief executive at the company’s headquarters in
Ferring Pharmaceuticals expects to recruit
Switzerland today is the Swede Per Falk.
around 150 new employees as part of the move,
The company’s choice to situate the new Danish
says Marianne Kock, CEO of Ferring Pharmaceuti-
headquarters Soundport near Copenhagen Airport
cals in Denmark.
and just one stop from Malmö’s Hyllie district is justi-
– We expect to employ more staff when we move to
fied by both practicality and logistics. The view of and
our new residence in Kastrup. The new building can
proximity to Malmö are also a nod to the company’s
accommodate up to around 750 employees; we are
history, however: it was there that the company was
just under 600 in our current building. The new staff
founded by Dr Frederik Paulsen in 1950, under the
members might be from Denmark, Sweden or other
name Nordiska Hormonlaboratoriet. The research
countries. What is important to us is finding the right
lab and factory were built in the Limhamn district.
employees with the right competences, she says.
Today, the founder’s son Frederik Paulsen Jr is
Marianne Kock emphasises that the broadest
chairman of the board at Ferring Pharmaceuticals,
possible recruitment sphere will be vital for the
and he is also the owner – via a foundation – of the
many new vacancies at the new Danish headquar-
Malmö-based life science companies PolyPeptide,
ters, and employees who commute over the border
QPharma, Nordic Drugs and Svar Life Science, which
will make all the difference, she says.
together employ more than 650 people in Malmö.
Historically, the company has made use of
border-commuting employees. Today, more than
one hundred of those employed at the Internatio-
nal Pharma-Science Center and R&D in Ørestad,
Copenhagen are border commuters from Sweden.
Back in 2002, Ferring Pharmaceuticals consoli-
dated in Denmark and in doing so scaled back its
operations in Malmö, although the company still has
sales and marketing activities there. Over the years,
being established on both sides of the Øresund has
meant that many border commuters from Denmark
and Sweden have worked for the company, and the
Ferring AB was founded in Malmö.
PHOTO: NEWS ØRESUND
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COMMUTERS AND THE LABOUR MARKET
COMMUTERS AND THE LABOUR MARKET
WORKING FROM HOME DURING THE CORONAVIRUS PANDEMIC HAS
LED TO TAX ISSUES FOR THOUSANDS OF BORDER COMMUTERS
Partially closed borders in Denmark and Sweden, re-
commendations by authorities and employers to work
from home and negative Covid tests at the border
have made it complicated to commute for work in the
Øresund Region. According to Skånetrafiken and the
Øresundsbron Konsortiet, commutes by train and car
over the Øresund Bridge have decreased as a result.
Increased working from home during the coronavirus
pandemic in 2020 and 2021 has meant tax trouble for
some border commuters in the Øresund Region.
The Øresund Agreement requires that tax is paid in
the country of employment
As per the Øresund agreement, border commuters
must pay tax in the country in which they perform
their work duties. For Øresund commuters to be
taxed in their country of employment, at least 50%
of their work duties must be performed in that
country over a three-month period; otherwise, they
should pay tax in their country of residence.
For border commuters who have elected or felt
obligated to work from home during the pande-
mic, that has meant – and may continue to mean
– filing taxes for certain periods in their country of
residence and for other periods in their country of
employment and thus submitting tax declarations
in both Denmark and Sweden. According to the
Öresund Agreement however, tax shall not be paid
in both countries for the same period, and another
Nordic agreement, the Trekk agreement, makes
it possible for authorities to transfer tax revenue
that has been paid between the Nordic countries.
For Øresund commuters who live in Denmark and
work in Sweden, changes in tax liability can lead to
unpleasant fiscal surprises, as many usually pay a
special income tax, called SINK-tax, on their work
in Sweden. The tax rate is 25%, but tax deductions
are prohibited. The Danish tax rate is markedly
higher.
For the ca 14 000 border commuters who usually
travel from Sweden to Denmark according to the
most recent available statistics from 2015, working
from home may be an advantage, as the taxes in
Sweden are lower than in Denmark. For the 1000-
2000 border commuters who travel from Denmark
to Sweden for work however, it may become more
expensive.
Actors in the border region criticise regulation
Whilst some border commuters – both in the life
sciences and in other sectors – have worked with
the restrictions and continued to commute throug-
hout the pandemic, others have worked from home.
In March 2021, the information service Øressund-
direkt told News Øresund that they receive around
200 e-mails regarding the taxation issue every
week. The Facebook forum “I klemme mellem 2
lande” – stuck between two countries – has more
than 4000 members. Among those to highlight
the bureaucratic challenges that surround border
commuting and tax issues during the pandemic
has been the network organisation Medicon Valley
Alliance, which works to promote Denmark and
Sweden’s shared interests in the life science sector.
The Freedom of Movement Council, which works
on behalf of the Nordic governments, and the orga-
nisation for Danish-Swedish political collaboration
Greater Copenhagen Committee have also repea-
tedly brought these problems to the attention of the
tax ministries in Denmark and Sweden in order to
establish a fiscal exception for Øresund commuters
– to date, to no avail.
PHOTO: NEWS ØRESUND
that fewer Danes are commuting to jobs in the life
ceutical companies, H. Lundbeck, which has facilities
sciences in Skåne. Other actors in the sector with
in the Copenhagen area and in Malmö, also recruits
whom Øresundsinstituttet has been in contact have
from both sides of the Øresund. Around 40-45
confirmed this. It could be related to the lower sala-
employees in Skåne commute to Denmark, where
ries in Sweden, even when the special 25% tax rate
around 1500-1600 people work at the company’s
with the SINK model is taken into account, accor-
headquarters in Valby, Copenhagen.
ding to Dorte X Gram, the Danish CEO of PILA
– At Lundbeck we work to develop treatments
PHARMA in Malmö. She talks about her company
for neurological disorders by researching and
and more in the interview on page 44-45.
developing medicine for migraines, Alzheimer’s,
– Since large enterprises in Denmark offer such
and depression, for example. That requires highly
good salaries, Danes are often
specialised employees with
too expensive – relative to what
neurological expertise. For that
”Our position in
I’m prepared to pay at any rate,
reason, we have an internatio-
she says.
nal workplace, with some of the
Ørestad, close to
top experts from around the
the Øresund Bridge,
globe, and thus naturally we’re
makes commuting
Expertise creates value as
also happy that we can recruit
employees to our offices from
between work and
it moves between Denmark
and Sweden
both Denmark and Sweden,
home in Sweden
says Matias De Place, senior di-
The report Life Science in Skåne
rector of HR at H. Lundbeck.
both easy and fast.”
from 2020 is part of the Greater
Copenhagen Life Science Analy-
sis Initiative, and it identified around
AstraZeneca’s closure sent more
100 Danes with full-time positions at
Swedes to Denmark
around 30 life science companies in
Skåne. The Danish labour force finds
One of the many Swedes in the Danish
its way to some of the Swedish subsi-
life science sector is Niclas Nilsson, head
diaries of larger Danish pharmaceuti-
of Open Innovation for Danish LEO
cal companies such as LEO Pharma,
Pharma. He has noticed more Swedes
Novo Nordisk and H. Lundbeck –
taking on employment in Denmark in
see table on page 14.
the years since he started working for
Kasper Bødker Mejlvang,
Larger companies in Skåne, as
LEO Pharma in Denmark in 2005.
Country Manager for Novo
well as the medtech manufacturers
– There are definitely a lot of Swedes
Nordisk in Denmark.
Arjo and Atos Medical and the
in Danish life science, he says. As he
CDMO-company PolyPeptide Laboratories – all of
sees it, many have come to Denmark in the past 5-10
whose global headquarters are in Malmö – also take
years, and they contribute with additional competen-
advantage of the Danish labour force, they report.
ces and expertise.
Remarkably, McNeil AB in Helsingborg,
The combination of Danish and Swedish
which is Skåne’s largest life science company with
colleagues in the sector has become much more
around 655 employees and has historical roots
widespread, accepted – even completely normal,
in the Danish company LEO Pharma, has no
says Niclas Nilsson. He notes that there was a
border commuting employees from Denmark it its
particular surge in Swedish employees in the life
staff, whilst medium-sized and particularly small
sciences in Zealand when the Swedish-British
companies – for example at Medicon Village and
pharmaceutical company AstraZeneca dismantled
Ideon in Lund – make use of the labour force from
their R&D activities in Lund ten years ago as part
Denmark.
of a larger, global R&D-restructuring, and 900
In addition, there are 20 life science companies
positions disappeared. Niclas Nilsson talks about
with Danish CEOs in Skåne – read more on page
his work in the life science sector in Denmark in
31. If board members and consultants are included
more detail in the interview on page 41-43.
in the count, the number of border commuters
Many of those competences then became
from Denmark linked to the life science sector in
accessible for Danish life science companies on the
Skåne is even higher. The Danish-Swedish biotech
other side of the Øresund, for example, says Niclas
company PILA PHARMA in Malmö for example
Nilsson. At the same time, he has the impression
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
PHOTO: NOVO NORDISK
16
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
17
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COMMUTERS AND THE LABOUR MARKET
COMMUTERS AND THE LABOUR MARKET
has put together an organisation that comprises
both Danish and Swedish consultants, as CEO
Dorte X Gram recounts; read more on page 44-45.
Danish life science companies anchor
startups in Skåne
Another aspect of border commuting in Medicon
Valley is that Swedes who have spent several years
working in the life science sector in Denmark
return to Skåne in new positions – see page 36-40
for some examples. Large Danish life science com-
panies thus function as so-called anchor compa-
nies for life science companies in Skåne as well,
which can recruit experienced personnel from
larger global companies.
Among those who have benefitted from that
is the biotech company Ascelia Pharma which is
headed by the Danish CEO Magnus Corfitzen. The
company expected to double its staff in 2020 and
in the years to follow. Today, it employs 15 people
full-time in Hyllie, south of Malmö, where it mo-
ved last year from its previous location at Medeon
Science Park.
– More than half of the Swedish employees at
Ascelia Pharma today worked in Denmark for years;
that means that they have been in a global pharma
headquarters and gained experience in late-stage
drug development and commercialisation that they
would not have had the opportunity to gain in
southern Sweden, he says.
Employees in Zealand and in Skåne can differ
somewhat, Magnus Corfitzen observes, because
COMMUTER STATISTICS AFTER 2015 IN UNDERSUPPLY
2015 is the most recent year for which official statistics
on border commuting over the over Øresund Strait
are available, as data exchange between Statistics
Denmark (DST) and Statistics Sweden (SCB) has been
temporarily suspended. The reason for this is that
Sweden’s rules regarding public access are conside-
red more extensive than their Danish counterparts.
According to the most recent statistics from
Ørestat / the Øresund Databank, the number of
commuters and other gainfully employed individuals
who commute over the Øresund rose by 297% in the
period from 2000-2015.
In the year 2000, there were 3291 border commu-
ters over the Øresund, and in 2015, that number had
risen to 15 182 people, 14 045 of whom commuted
from Skåne to eastern Denmark, and 1137 of whom
moved in the other direction.
2008 was a record year: 25 689 people had an in-
come on the other side of the Øresund. The number
then dropped, and in 2015 the number of commuters
was nearly one-third lower.
The majority (91%) commute from the Swedish
to the Danish part of the region, but the number of
commuters in the other direction has grown.
After 2015, travel and commuting over the
Øresund has been negatively impacted by three
events: In response to the migration crisis, Sweden
introduced temporary border checks of incoming
travel from Denmark. In November 2019, Denmark
introduced a temporary internal border inspection
of those coming from Sweden to prevent criminal
activity across the border. In March 2020, Denmark
partially closed the border to Sweden to limit the
spread of the coronavirus SARS-Cov-2. Sweden par-
tially closed its borders with Denmark for the same
reason in December 2020. At the time of writing in
the spring of 2021, Denmark and Sweden have both
begun to loosen travel restrictions over the Øresund.
Efforts are currently underway to revive statistics
on Øresund commuting. In the spring of 2021, Regi-
on Skåne and Statistics Denmark have explored the
possibility of using Danish data from e.g. Denmark’s
income register to identify the number of trans-Øre-
sund commuters.
In 2019, the Nordic Council of Ministers and the
Nordic ministers of state set the goal of making
Scandinavia the world’s most sustainable and inte-
grated region by 2030.
AROUND 1 300 PEOPLE WHO RESIDE ABROAD WORK IN THE LIFE SCIENCE
SECTOR IN DENMARK...
The number of people who reside abroad and are employed in the life science sector in Denmark rose 12%
between 2008-2018. The majority are employed in the capital area. Foreign employment in Denmark’s life
science sector comprises ca 2.5% of all employees.
The number of people who reside in
Denmark and are employed in the life
science sector in Denmark
2008
29 032
7 044
9 764
45 840
2018
38 028
6 858
9 887
54 773
The number of people who reside outside
Denmark and are employed in the life science
sector in Denmark
2008
1 028
107
78
1 213
2018
1 209
69
78
1 356
Denmark
Area
Capital Region of Denmark
Region Zealand
Elsewhere in Denmark
Total
Source: Statistics Denmark. The figures do not indicate how many Swedes work in the life science sector in Denmark. It is plausible that the majority of those
who reside abroad are Swedes, as the majority of the commuting is to life science companies in the capital region in Zealand (Denmark). The figures refer to
seven sector codes that are used to define the life science sector: 26.60.10, 26.60.90, 32.50.00, 46:46.10, 72.11.00, 72.19.00 and CF Pharmaceutical Industry.
companies’ composition varies according to size;
that is both unique and positive and should be used
to benefit everyone involved, he says.
– Being able to work freely in every direction is
incredibly important so that the right competences
can be recruited – for both Danish and Swedish
companies, he says.
Pandemic creates tax issues for border
commuters
The coronavirus pandemic has complicated border
commutes for work between Sweden and Den-
mark. As a result, train- and car commutes over
the Øresund Bridge have dropped: -43% and
-27%, respectively, since 2019, according to Skå-
netrafiken and the Øresundsbron Konsortiet.
The pandemic has thus led to problems related
to how employees working from home should be
taxed. The regulations are part of the Øresund
Agreement, a taxation agreement between Sweden
and Denmark. According to the agreement, border
commuters must work on site in their country
of employment at least 50% of the time over a
three-month period in order to be taxed in their
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
... AND THEY PAY CA 265 MN DKK IN INCOME TAX
Income tax from people who reside abroad and are employed in the life science sector in Denmark rose
82% between 2008-2018. During that same period, people in the life science sector who reside abroad paid
a total of ca. 2.6bn DKK in income tax in Denmark.
Denmark
The total income tax from people who reside in Denmark and are
employed in the life science sector in Denmark
The total income tax from people who reside outside Denmark and
are employed in the life science sector in Denmark
2008
6.4 mn DKK
145 mn DKK
2018
10.3 mn DKK
265 mn DKK
Source: Statistics Denmark. The figures refer to seven sector codes that are used to define the life science sector: 26.60.10, 26.60.90, 32.50.00, 46:46.10,
72.11.00, 72.19.00 and CF Pharmaceutical Industry.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
country of employment
rather than in their
country of residence.
Working from home
during the pandemic
has made it difficult
to fulfil the physical
presence requirement of
50% in the country of
Matias De Place, Senior
employment.
Director i HR i H. Lundbeck
As per the rules, tax
must then be paid in
both countries – albeit not at the same time, but
for different periods throughout the year. Not
declaring this might result in tax trouble cos-
ting thousands of crowns. This has meant extra
administration and expenses for many, inclu-
ding the Malmö-based Ascelia Pharma, says the
company’s CEO Magnus Corfitzen. As he sees it,
the situation has been suboptimal, although he
understands border regions will probably never be
completely frictionless.
To date, national authorities in Sweden and
Denmark have not offered exemptions related to
19
18
PHOTO: H. LUNDBECK
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COMMUTERS AND THE LABOUR MARKET
COMMUTERS AND THE LABOUR MARKET
during the coronavirus pandemic. According to
taxation issues for border commuters during the
CEO Petter Hartman, a consequence will be that
pandemic, despite calls for them by the Nordic
companies will have more difficulty recruiting and
Freedom of Movement Council, the collaborative
retaining employees from the opposite shores of
Danish-Swedish organisation Greater Copenhagen
the Øresund, and the efforts being made to attract
Committee and others.
investments and talent to the region are also suffe-
– Politicians say that there is no double taxation,
ring damage.
but in effect there is, as commuters have difficulties
– We have to handle crisis situations better. Bor-
getting refunds of the excess tax they have paid;
der regions get shabby treatment on a national level,
each of the tax authorities believes that they have
and if border regions are to be motors for growth,
done what they have to and that the other tax
that has to change, he says. Read more in the inter-
authority is responsible for the reimbursement, says
view on page 108-109.
Magnus Corfitzen. He adds:
Britt Meelby Jensen, CEO of
– Without border commu-
”Without border
the medical equipment manu-
ting, we dramatically reduce
commuting, we
facturer Atos Medical in Malmö,
recruitment potential in both
dramatically reduce
agrees. The company moved its
Denmark and Sweden, and
from
the competitiveness of the
recruitment potenti-
headquarters 2016.Hörby, Skåne
to Malmö in
Among
region as a whole decreases.
al in both Denmark
other reasons, they wanted to
The question then is whether
facilitate access to the Danish
companies should recruit from
and Sweden, and
labour market, which they did.
elsewhere in Europe or from
the competitiveness
Although she and her colleagues
other parts of the world – if
have been able to commute
people can’t be in the same
of the region as a
across the Øresund during the
place anyway, and we have
whole decreases.”
pandemic, the difficulties of bor-
to take transfer pricing etc
der commuting have nonetheless
into account anyway, even
hit the Øresund Region as a whole,
for employees whose workplace is
she says.
just on the other side of the bridge.
– I find that there has been very
Our region has so much to offer on
little focus on making it easier –
both the Danish and Swedish sides.
neither on the part of Sweden nor
We’ve built up so much and we need
Denmark, she says, pointing out that
to reinforce that further so it will
the Danish and Swedish rules have
continue to become stronger in the
been unclear. As she sees it, it is es-
future, says Magnus Corfitzen. He
sential that potential candidates don’t
believes that smoother commutes,
Magnus Corfitzen, CEO
get the impression that crossing the
less administration and authorities’
Ascelia Pharma.
Øresund Bridge can be a nuisance.
acceptance that working from home
– If the Øresund Region and transborder com-
during this or any other pandemic has no effect
muting are something we really want, then it’s also
on tax affairs are essential and necessary for the
important that commuting is made easier – even
long-term growth of the life sciences in the region.
during a coronavirus pandemic, she says. More
Among other things, this is because promising
details in the interview on page 22-23.
biotech companies in Skåne are sometimes depen-
Novo Nordisk’s country manager in Denmark
dent on life science expertise from the Danish side
Kasper Bødker Mejlvang is positive at the moment
of the region in order to grow into a commercial
when it comes to the opportunities for the labour
company – as is the case with Ascelia Pharma, he
market and recruitment that the coronavirus pande-
says – whilst competence in Skåne is, as mentio-
mic have made visible since March of 2020.
ned earlier, broadly beneficial for the life science
– The lockdowns showed us that it’s very possible
industry in Denmark.
to work from home, and in the future that will also
make working elsewhere in the region both easier
Higher priority for border region challenges
and more attractive. But it’s obviously important
Like Ascelia Pharma, the Danish-Swedish network
that there is proper and flexible framework in place
organisation Medicon Valley Alliance is also
for employees who commute, he says.
critical of the border commuting conditions
PHOTO: NEWS ØRESUND
Examples of life science companies with facilities in
both Skåne and Zealand
PHARMA/BIOTECH
• Novo Nordisk.
Global headquarters near Copenha-
gen in Bagsværd, offices in e.g. Ørestad and Malmö.
• H. Lundbeck.
Global headquarters in Valby, Copen-
hagen, sales and marketing division in Malmö.
• LEO Pharma.
Global headquarters near Copen-
hagen in Ballerup, sales and marketing division
in Malmö.
• Ferring Pharmaceuticals.
Global headquarters
in Switzerland, branches in e.g. Ørestad/Copen-
hagen and Malmö.
• RhoVac.
Headquarters at Medicon Village in
Lund, branch near Copenhagen in Hørsholm.
• Astellas Pharma.
Global headquarters in Japan,
Nordic headquarters in Kastrup and a branch in
Malmö.
• Lohmann & Rauscher.
Global headquarters in Ger-
many and Austria, branches in Vedbæk and Lund.
• Swedish Labex.
Headquarters in Helsingborg
and branches in e.g. Valby, Copenhagen.
• BD (Becton, Dickinson and co).
Global headqu-
arters in the USA, branches in e.g. Helsingborg
and Lyngby.
• Medidyne.
Headquarters near Copenhagen in
Nærum and branches in e.g. Ängelholm, Skåne.
• European Institute of Science.
Headquarters at
Ideon Science Park in Lund, branch in Kastrup
near Copenhagen.
• Acarix.
Headquarters in Malmö, branch in e.g.
Hellerup in the Copenhagen area.
CRO/CMO/CDMO
• Visiopharm.
Global headquarters near Copenha-
gen in Hørsholm and a branch in e.g. Lund.
• Red Glead Discovery.
Headquarters at Medicon
Village in Lund, office at COBIS in Copenhagen.
• Larix.
Headquarters in Herlev, branch at Medi-
con Village in Lund.
• KLIFO.
Headquarters in Glostrup in the Copenha-
gen area, branches in e.g. Medicon Village in Lund.
• Bioneer.
Headquarters near Copenhagen in
Hørsholm, branch at Medicon Village in Lund.
MEDTECH
• Arjo.
Global headquarters in Malmö, branch
near Copenhagen in Lynge.
• Atos Medical.
Global headquarters in Malmö and
e.g. manufacturing and R&D in Hörby, Skåne and
a branch in Roskilde.
• Getinge.
Global headquarters in Gothenburg,
branches in Malmö and e.g. Ballerup, near
Copenhagen.
• Mediplast.
Global headquarters in Malmö, bran-
ch near Copenhagen in Herlev.
• BoneSupport.
Headquarters at Ideon Science Park
in Lund, branch in e.g. Lyngby near Copenhagen.
• Rubin Medical.
Headquarters in Malmö and a
branch in the Copenhagen area in Hvidovre.
OTHER
• Chas. Hude.
Headquarters in Copenhagen, bran-
ch at e.g. Medicon Village in Lund.
• Høiberg.
Headquarters in Copenhagen, branches
at e.g. Medicon Village in Lund and MINC in Malmö.
20
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ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
21
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2420596_0012.png
COMMUTERS AND THE LABOUR MARKET
COMMUTERS AND THE LABOUR MARKET
“THE SKILLED LABOUR POOL IS MUCH LARGER
IF WE CAN LOOK BEYOND SWEDEN TO DENMARK
AS WELL”
Medical equipment manufacturer Atos Medical employs around 185 people in Malmö and Hörby
and according to the company’s Danish CEO Britt Meelby Jensen, it is important to take advantage
of the possibility to recruit employees from both sides of the Øresund. She still finds it important to
raise awareness – especially for people in the sector in Denmark – about the career opportunities
in the life sciences in Skåne.
somewhere else completely, she says, and points out
that there are employees from 16 different countries
at Atos Medical’s headquarters. She also adds that
recruiting employees from Denmark is vital.
– The skilled labour pool is much larger if we
can look beyond Sweden and attract talent from
Denmark as well. Being able to cast our net as far as
possible is essential, she says, pointing out that there
are many qualified candidates in the medical devices
industry in Denmark. Britt Meelby Jensen thus sees
it as mutually beneficial for both countries that Da-
nish and Swedish life science companies can recruit
expertise from across the border.
Knowledge of the sector in Skåne could be
improved
While the Danish labour force does find its way to
the Malmö headquarters, Britt Meelby Jensen main-
tains that a lot can still be done to make the career
opportunities in the life science sector in Skåne
more visible – especially in Denmark.
– When I talk to colleagues in the sector who are
on the lookout for a new job, most have very limited
knowledge when it comes to what’s on the other side
of the Øresund. I think it’s a shame, and I still think
there is a duty to see the region as one single whole
and increase awareness about the exciting opportuni-
ties in both countries, says Britt Meelby Jensen. She
believes that more news coverage of the sector in the
region can increase that knowledge and awareness.
Thanks to the Øresund Bridge, connectedness in
the region is vastly improved today compared to 20
years ago, she says. According to the most recent av-
ailable statistics from 2015, 14 045 people commute
from Skåne to eastern Denmark, and 1 137 commute
from eastern Denmark to Skåne, and as Britt Meelby
Jensen sees it, that bears witness to improvements in
how well people find their bearings across the border,
also when it comes to work.
– We’ve made a lot of progress in the past 20 years,
but we can go so much further, and the conditions are
excellent for that becoming a reality, she says.
The coronavirus pandemic has temporarily
reduced commuters’ freedom of movement in the
Øresund Region. Britt Meelby Jensen does not feel
that the crisis situation has been a barrier for commu-
ting, and that it has shown the potential for greater
flexibility through working from home. She does
however feel that the region has been hit hard on the
whole by the unclarity and confusion related to the
differences in the countries’ restrictions.
– I find that neither Sweden nor Denmark has
put much focus on making commuting easier. If
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Skåne because she made the choice to work at the
When Britt Meelby Jensen started in her position as
company Atos Medical.
CEO of Atos Medical in Malmö in March 2019, she
The focus on a niche population was what attracted
was living north of Copenhagen in northern Zealand,
Britt Meelby Jensen: the company’s
and she had few reserva-
assistive equipment has helped more
tions about heading the
”I find that neither
than 100 000 patients around the
medical equipment com-
globe who have had a cancer-related
pany from the other side of
Sweden nor Denmark
laryngectomy or tracheotomy. The
the Øresund.
has put much focus
company’s main products include
– The fact that the
on making commuting
a valve between the trachea and
company was in Skåne
esophagus that makes speaking
and not in Denmark
easier.”
possible again, as well as products
didn’t influence my
that facilitate breathing. She also saw that Atos Medical
decision much, and that’s because I see the Øresund
had enormous potential for global growth.
Region as one single area, says Britt Meelby Jensen.
Her perception of the region is based on experien-
Headquarters in Malmö helped recruitment
ces and employment earlier in her career; she held
Additional growth requires access to the right experti-
top management positions at Novo Nordisk for 11
se, and Atos Medical must be able to bring in employ-
years, until 2013, and was thus based in Malmö for a
ees from Sweden, Denmark and abroad. Numerous
brief period, and she also collaborated with Swedish
Danish staff members cross the border to work there.
colleagues in her position as CEO of the biotech
Since the headquarters moved from the small town
company Zealand Pharma in the Copenhagen met-
of Hörby in central Skåne to Malmö in 2016, it has
ropolitan area from 2015-2019.
become easier to recruit the right staff.
– I had a lot of Swedish colleagues at my former
– It has definitely made it easier to attract workers
position at Zealand Pharma; my chairperson was
from Denmark and from abroad. We are 40 minutes
Swedish, as was the financial director, says Britt
closer to Denmark than we were before, says Britt Me-
Meelby Jensen, who is on Novo Holdings’ Advisory
Group, a member of the board of the Danish medical elby Jensen. She notes that the headquarters’ location
in Hyllie, just one station away from Copenhagen Air-
device company Ambu, and a member of the Danish
port, makes commuting easy for the headquarters’ ten
Competitiveness Council (Kompetenceevnerådet),
Danish employees, as well as for visitors from abroad.
which proposes initiatives for how Danish businesses
The company’s upper management comprises
can sharpen their competitive edge.
both Danes and Swedes, and Britt Meelby Jensen
Britt Meelby Jensen was already familiar with
believes that the synergy between the two countries
working in a richly diverse international environment
is important for the company, among other things
with Swedes, Danes and others, and she saw that
when it comes to recruiting expertise. Atos Medical
aspect as a definite plus.
thus has ”Øresund-access”; at the same time however,
– That the position was in Sweden was neither a
Atos Medical is without a doubt a Swedish company,
specific asset nor an issue, says Britt Meelby Jensen
says Britt Meelby Jensen.
of deciding to continue her career in Skåne. The
– Our focus is on attracting the best of the best.
motivation was thus not really about ”Danish” or
Sometimes they are in Sweden, in Denmark, or
”Swedish”, she says. Instead, she chose to work in
22
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Britt
Meelby
Jensen.
the Øresund Region and transborder commuting
are something we really want, then it’s also impor-
tant that commuting is made easier – even during a
coronavirus pandemic, says Britt Meelby Jensen, who
has been commuting between Malmö and Copenha-
gen throughout the pandemic.
Mutual benefits from more exchange
It is essential that potential candidates don’t get the
impression that crossing the Øresund Bridge can be
a nuisance, Britt Meelby Jensen points out. As she
sees it, increased exchange in the life sciences between
Denmark and Sweden would be beneficial since the
PHOTO: NEWS ØRESUND
ATOS MEDICAL AB
• Founded:
1986
• Branches in life sciences:
Medtech
• Focus area:
Laryngectomy care
• Ownership:
Private
• CEO:
Britt Meelby Jensen
• Turnover 2019:
1.7bn SEK
• Total number of employees globally:
809
• Total number of employees in Malmö and
Hörby:
185
• Total number of Øresund commuter employ-
ees from Denmark:
10
23
PHOTO: NEWS ØRESUND
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2420596_0013.png
COMMUTERS AND THE LABOUR MARKET
COMMUTERS AND THE LABOUR MARKET
countries are compatible in terms of their strong
research- and innovation environments, and they also
complement each other as Denmark’s larger com-
panies develop talents and make the sector’s leading
position visible whilst growth drivers in Sweden
are linked more closely to incubation, startups and
greater access to risk capital due to e.g. lower taxes on
stock, says, Britt Meelby Jensen.
– We are two relatively small countries, but
together we’re stronger, and it’s important to
remember that so we don’t always consider oursel-
ves either one or the other. The Øresund Region is
a good opportunity to put Sweden in focus, and in
the future perhaps there can be more collaboration
with other areas such as Gothenburg or Stock-
holm, she says.
Interview with a commuter
– Sara Harboe
Vice president, Corporate Quality Management
System & Product Compliance at ArjoHuntleigh AB,
part of Arjo Group with headquarters in Malmö. Sara
Harboe commutes from Denmark and has worked in
Skåne since 2013.
Why did you choose to work in Skåne?
Interview with a commuter – Håkan Bladh
Senior alliance manager at LEO Pharma A/S, whose headquarters are in Baller-
up outside Copenhagen. Håkan Bladh commutes from Sweden and has worked in
Denmark since 2010.
Why did you choose to work in Denmark?
– I had been considering changing my job for a
while and the opportunities in southern Sweden were
pretty limited in 2010 (Ed. note: AstraZeneca closed
its R&D facilities in Lund in 2011, which resulted
in 900 people being made redundant). Since my
employer at the time was planning to restructure, it
was natural to look for opportunities on the other
side of the Øresund Strait. I got a good offer for a
very inspiring position and I grabbed it.
How do you find commuting? Both now, with
Covid-19, and under normal circumstances?
company. As for the cultural aspect, I don’t find that
the differences are so great. Communication is more
direct in Denmark. One big difference is that there is
an enormous and dynamic labour market in the life
sciences, especially in Copenhagen. That means great
opportunities for people in the sector.
What have you learnt about the Danish life
science sector that you didn’t know before?
– I have learnt that Denmark is very advanced in the
life science sector, more than what I had thought befo-
re I started. There are a huge number of good startups.
Would you say that people who work in the
life science sector in Skåne are aware of the
career opportunities in the life sciences in
Denmark?
– I’ve always liked working in international en-
vironments, and I’ve also found the idea of working
abroad attractive. When I was offered a position
at ArjoHuntleigh AB as Quality & Environmental
Management Systems Director in 2013, I thought
it could be interesting to work in Sweden for a few
years. As it turned out it was more than that.
– The salary level in Sweden is generally lower
than in Denmark, but by choosing the tax model
called “special income tax for non-residents” –
normally abbreviated “SINK-tax”, it’s comparable.
The model means no deductions are allowed, but
only 25% tax is paid on the Swedish income, on the
condition that one is physically present in Sweden
50% of the time.
How do you find commuting? Both now, with
Covid-19, and under normal circumstances?
and management. It has also meant that communi-
cation in English has been the norm.
What have you learnt or realised about the life
science sector in Skåne that you didn’t know
before?
– That there so many businesses in the life scien-
ces in Skåne – in biotech, medtech and pharma.
That creates opportunities for collaborations and
networks between companies, but also for career
development.
Would you say that other Danes in the sector in
Zealand are aware of the career opportunities
in the life sciences in Skåne?
– Before started working in Denmark I found the
idea of commuting to Denmark terrifying. But
commuting by car works really well. There is a large
group of commuters living in Lund, and we have a
very effective carpooling system. I’ve commuted quite
a bit by train, and it doesn’t always work very well.
In Denmark employers have been more receptive to
employees working from home a few days a week for
a long time; that helps a lot. Working from home has
obviously increased because of the pandemic.
What are the biggest differences between
working in the life science sector in
Denmark compared to Sweden?
– I think that most people are; a lot of people are
probably hesitant to start commuting. I was.
Would you recommend working in the life sci-
ence sector in Denmark? Please explain.
PHOTO: PRIVATE
– Absolutely, it’s a great opportunity to get a chance
to work abroad without moving! There are a lot of
exciting companies with many development opportu-
nities, and Swedes fit in well in Danish
corporate culture.
Do you know of anyone who lives
in Denmark and works in the life
sciences in Sweden?
– Commuting has worked well for me. I have a
company car and a position that allows me to adapt
my working hours, so I don’t need to cross the brid-
ge at rush hour. I got into the habit of keeping my
passport on hand from the very beginning.
– During Covid-19, everyone has been called
on to work from home, and travelling to Sweden
and unnecessarily putting myself and others at
risk of infection has obviously been inappropriate.
The combination of easy access to Covid tests in
Denmark and the rules of conduct for reducing
transmission that we’ve introduced at my workplace
in Sweden have made it acceptable, however.
What is the biggest difference between wor-
king the life science sector in Skåne compared
to Denmark?
– I don’t know, actually. I think that many people
consider it a hassle to cross the border and learn
new rules for taxes, national insurance, pension,
banking, etc. When we recruit people to my depart-
ment, I rarely see applications from Danes, unless
we’ve used a recruitment agency. That’s probably in
part because it’s relatively easy to find work in my
field, and because people try to avoid long travel
times.
Would you recommend working in the life sci-
ence sector in Skåne? Please explain.
– Yes; I’ve had good experiences of working in
Sweden. I live in mid-Zealand, in Lejre, and I
would probably have gone to Copenhagen to find
a comparable position; the journey time wouldn’t
have been any shorter than the commute to Malmö.
Do you know other people who live in Denmark
and work in the life sciences in Skåne?
– As a Swede, the thing one reacts to
when being employed in Denmark for
the first time is that there are no collec-
tive agreements. It’s important to look at
the details of the agreement, especially
when it comes to pension; there can be
significant variations from company to
24
– Yes, I know of a few people, but it’s defi-
nitely more common for Swedes to work
in Denmark than the other way around.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
– I actually don’t find that the differences are so
great. Maybe because the Danish and the Swedish
companies I’ve worked for have been parts of inter-
national businesses, with international organisation
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
– Yes, there are several employees at Arjo who live
in Denmark and work in fields such as business
development, economics, product management,
medical and regulatory affairs.
25
PHOTO: PRIVATE
ERU, Alm.del - 2020-21 - Bilag 376: Ny analyse fra Medicon Valley Alliance og Øresundsinstituttet "Life science across the Øresund" præsenteret 22. juni 2021
2420596_0014.png
PHOTO: NEWS ØRESUND
MANAGEMENT
Degree of internationalisation varies in Medicon
Valley – more top management recruited from
abroad to Zealand than to Skåne
The majority of Skåne’s publicly traded life science companies are headed by a Swedish CEO. Inter-
nationalisation in upper management levels is more common in Zealand, where twice as many CEOs
have been recruited from abroad to head listed Danish life science companies. According to Danish
and Swedish recruitment experts, the reason for the intra-regional differences may be in the com-
panies’ development strategies, subsidiary constructions and investor structures. Despite increased
internationalisation in the sector, the cluster’s largest companies – Novo Nordisk, H. Lundbeck and
LEO Pharma – are still majority-owned by Danish foundations.
The life science industry in Medicon Valley is
international in many ways; this is apparent in
that companies use English as their workplace
lingua franca; in foreign ownership; in that they are
traded on foreign markets and acquired by private
equity companies from abroad; in that they have
partnerships in other countries or conduct clinical
studies abroad, or in that they have sales offices and
subsidiaries in foreign lands, for example. The com-
panies’ staff is also frequently comprised of people
from many different countries, their board members
often have global perspectives and international ex-
perience. In addition, the environment in Medicon
Valley’s life science educational programmes has an
international focus.
More internationalisation on the CEO-level
in Zealand than in Skåne
Internationalisation of the life science sector is
reflected not only among directors, but is also mani-
fest in leading work groups, board configurations
and more. Due to the research scope, internationa-
lisation of the sector has primarily been explored
at the CEO-level in the publicly traded life science
companies of Skåne and Zealand. It is apparent
in that context that the life science sector is an
international industry, in spite of there being more
administrative directors recruited from abroad on
Danish territory than in Skåne. Around 75% of the
publicly traded life science companies in Skåne are
headed by a Swedish director. When it comes to the
ten largest companies in Skåne in terms of employ-
ees, both publicly traded and privately owned,
five have a Swede at the helm. The has remained
unchanged over the past five years.
The situation is different in the publicly traded
companies in the Danish part of Medicon Valley,
which are also the country’s largest companies.
Since 2017 there has been larger-scale international
recruitment of CEOs, and today almost half of the
publicly traded life science companies in Zealand
are headed by a CEO recruited from abroad. For
PHOTO: ALBRIGHT PARTNERS
MANAGEMENT
Henrik Brabrand,
CEO, Albright Partners
Kim Raabymagle,
Country Manager Denmark,
PharmaRelations
PHOTO: PHARMARELATIONS
Anders Marcusson,
Recruitment manager, Poolia
Life Science & Engineering
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
PHOTO: POOLIA
27
ERU, Alm.del - 2020-21 - Bilag 376: Ny analyse fra Medicon Valley Alliance og Øresundsinstituttet "Life science across the Øresund" præsenteret 22. juni 2021
2420596_0015.png
MANAGEMENT
MANAGEMENT
56 of 74
listed companies
with headquarters or larger-scale manu-
facturing in Skåne have a Swedish CEO.
Internationalisation at the executive level
is thus lower in Skåne than in Zealand, alt-
hough the number of Danish and foreign
CEOs there is higher than it was in 2017.
11 of 74
listed companies
with headquarters or larger-scale manu-
facturing in Skåne have a Danish CEO. In
total, there are at least 20 Danish CEOs at
the listed and private life science com-
panies in Skåne. The number of Danish
CEOs has risen since 2017, e.g. at Hansa
Biopharma, CellaVision and Alligator
Bioscience.
comparison, in 2017 around a quarter of compa-
nies were headed by a director from abroad. When
it comes to the ten largest life science companies
in Zealand in terms of the number of employees,
both publicly traded and privately owned, five are
currently headed by a Danish CEO. None have a
Swedish CEO.
To date, the greater degree of internationalisa-
tion on the Danish side of Medicon Valley has not
affected the fundamental ownership structures of the
large Danish pharmaceutical companies Novo Nord-
isk, H. Lundbeck and LEO Pharma, all of which are
still majority-owned by Danish foundations.
Another related aspect of internationalisation
in Medicon Valley is that there are at least 20 life
science companies with a Danish CEO in Skåne
today. Among others, these are the large, private-
ly owned life science companies QPharma, Atos
Medical and PolyPeptide Laboratories in Malmö,
which are headed by Jens Fricke, Britt Meelby
Jensen and Kenneth Stokholm, respectively. In
addition, Novo Nordisk’s Swedish subsidiary in
Malmö is led by the Dane Niels Abel Bonde, and
publicly traded biotech companies such as Hansa
Biopharma in Lund, Alligator Bioscience in Lund
and Ascelia Pharma in Malmö are headed by Søren
Tulstrup, Søren Bregenholt and Magnus Corfitzen,
respectively.
Development stages, investors and compa-
ny structure explain internationalisation
Differences in the degree of internationalisation
between Copenhagen and its surrounding areas
and Skåne may be related to a company’s size and
where it is development-wise, according to Henrik
Brabrand, CEO of Albright Partners, a headhun-
ting and recruitment agency with focus on the
Nordic life sciences whose headquarters are in
Copenhagen.
– There are a lot of small companies, for instan-
ce in Lund’s science parks, while Copenhagen and
the Stockholm region have come a bit further with
late-stage biotech companies. That has meant that
they have a larger funding platform, but also that
they have typically gotten international finan-
cing; that has given those companies more brawn
and more relevance when it comes to recruiting
international CEOs. On top of that, there are also
preferences that go via investor networks located
outside Denmark that also invest in Danish biotech
companies, says Henrik Brabrand.
One recent example of the internationalisation
development is the recruitment of the French
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
THE 10 LARGEST PUBLICLY TRADED AND PRIVATE LIFE SCIENCE
COMPANIES IN SKÅNE – EMPLOYEES AND NATIONALITY OF CEO
Employees
in Skåne
2020/2021
650
400
Employees
globally
2020-2021
135 000
1 900
Company
Municipality
Subsector
Pharma
Medtech
CEO/Managing director
Jody Lodge
Johan Iveberg
Nationality
Other
McNeil AB*
(Johnson & Johnson)
Nolato AB**
Helsingborg
Båstad +
Lomma +
Hörby
Lund
Malmö
Malmö
Baxter
(Gambro Lundia AB)
QPharma AB
PolyPeptide
Laboratories AB
(PolyPeptide Group)
HemoCue AB*
TePe Munhygien-
produkter AB
Arjo Sverige AB
Rechon Life Science AB
Atos Medical AB
Medtech
CDMO
CDMO
300
300
300
50 000
-
900
Per-Ola Wictor
Kenneth Stokholm
Jens Fricke
Ängelholm
Malmö
Malmö
Malmö
Malmö
Medtech
Medtech
Medtech
CDMO
Medtech
250
250
200
200
200
400
350
6 200
-
850
Christophe Duret
Hanna Hageberg Hammar
Joacim Lindoff
Roland Holmqvist
Britt Meelby Jensen
Other
THE 10 LARGEST PUBLICLY TRADED AND PRIVATE LIFE SCIENCE
COMPANIES ON ZEALAND – EMPLOYEES AND NATIONALITY OF CEO
Company
Municipality
10 of 23
listed life science
companies in Denmark have a foreign
CEO. That is double the number in 2017.
Two companies have their headquarters
outside of Denmark however. No Swedish
CEOs were found at Danish listed life sci-
ence companies or among the ten largest
private companies in Denmark.
Subsector
Pharma
Biotech
Pharma
Biotech
Medtech/
hearing aids
Pharma
Medtech
Medtech
Medtech/
hearing aids
Pharma
Employees
at Zealand
2020/2021
16 800
2 600
2 100
1 800
1 800
1 700
1 300
1 200
1 000
900
Employees
globally
2020/2021
1
45 300
6 200
6 000
3 600
16 200
5 600
12 500
4 000
10 800
2 500
CEO/Managing director
Lars Fruergaard-Jørgensen
Ester Baiget
Catherine Mazzacco
Mauricio Graber
Søren Nielsen
Deborah Dunsire
Kristian Villumsen
Henrik Schimmell
Eric Bernard
Carsten Hellmann
Nationality
Novo Nordisk A/S
Novozymes A/S
LEO Pharma A/S
Chr. Hansen Holding A/S
Oticon A/S (Demant)
H. Lundbeck A/S
Coloplast A/S
Radiometer A/S*
WS Audiology A/S
(Widex)
ALK-Abelló A/S
Gladsaxe
Gladsaxe
Ballerup
Rudersdal
Egedal
København
Fredensborg
København
Allerød
Rudersdal
Other
Other
Other
Other
Danish life science
companies that are listed in Sweden have
a foreign or Swedish CEO. In 2017, all of
the companies had a Danish CEO, with
the exception of RhoVac. More Swedish
and foreign CEOs have thus been recrui-
ted to this group of companies since 2017.
5 of 12
Other
Source: Information was provided by the companies, their websites and their annual reports. The number of employees is rounded. Please note that
these figures may have changed since they were reported. Contract development and manufacturing organisations (CDMOs) are companies that are
commissioned to either develop and/or manufacture e.g. pharmaceuticals for other companies in the life sciences. ‘Zealand’ refers to the Capital Regi-
on of Denmark. *McNeil AB is part of Johnson & Johnson with 135 000 employees around the globe, and HemoCue AB and Radiometer A/S are part of
the Danaher corporation with 69 000 employees internationally. **Figures and information refer to Nolato AB’s Medical Solutions section. The company
also has two other departments that are unrelated to the life sciences; these are Integrated Solutions and Industrial Solutions. Nolato AB employs ca.
6 750 people around the globe and is headed by Christer Wahlquist.
28
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
29
ERU, Alm.del - 2020-21 - Bilag 376: Ny analyse fra Medicon Valley Alliance og Øresundsinstituttet "Life science across the Øresund" præsenteret 22. juni 2021
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MANAGEMENT
MANAGEMENT
74 LISTED LIFE SCIENCE COMPANIES WITH HEADQUARTERS OR
LARGER-SCALE FACILITIES IN SKÅNE
Company
23 DANISH LIFE SCIENCE
COMPANIES LISTED IN DENMARK
Natio-
nality
Company
12 DANISH LIFE SCIENCE
COMPANIES LISTED IN SWEDEN
Company
CEO name 2021
Ellen Donnelly
Torsten Freltoft
Helén Tuvesson
Jonas Jönmark
Martin Linde
Søren Bregenholt
Fredrik Jonsson
Kåre Engkilde
Mikael Lindstam
Joacim Lindoff
Magnus Corfitzen
Torsten Helsing
Fredrik Lindblad
Edvard Hall
Isabelle Ducellier
Martin Welschof
Emil Billbäck
Martin Waleij
Fredrik Tiberg
Göran Forsberg
Kristofer Cook
Simon Østergaard
Dan J. Mogren
Tore Duvol
Jan Nilsson
Tara Heitner
Jack E. Madsen
William Cronin
Carl-Johan Boudrie
Fredrik Westman
Mats Rönngard
Therese Filmersson
Christer Fåhraeus
Dario Kriz
Kim Arvid Nielsen
Fredrik Olsson
Johan Nilsson
Natio-
nality
Other
Company
CEO name 2021
Hanna Sjöström
Tobias Agervald
Mats Persson
Søren Tulstrup
Johan Wäborg
Anders Karlsson
Patrik Dahlen
Karin Bryder
Mattias Lundin
Justin Pierce
Jan Andersson
Peter Åsberg
Christer Wahlquist
Ulf Hagman
Staffan Skogvall
Christina Ö. Lloyd
Peter Egelberg
CEO name 2021
Carsten Hellmann
Juan Jose Gonzalez
Steen Thygesen
Paul Chaplin
Peter Mørch
Eriksen
Jes Trygved
Steen Søndergaard
Mauricio Graber
Kristian Villumsen
Ulrich Krasilnikoff
Søren Nielsen
Jan van de Winkel
Gitte Aabo
Deborah Dunsire
Thomas Lethenborg
Lars Fruergaard-
Jørgensen
Ester Baiget
Judith Greciet
Christophe Bourdon
Thomas Skovlund
Schnegelsberg
Jakob Knudsen
Emmanuel Dulac
Jon Sigurdsson
Natio-
nality
CEO name 2021
Fernando Andreu
Per Persson
Steve Carchedi
Natio-
nality
Other
Abliva AB
AcouSort AB
Active Biotech AB
AcuCort AB
Aegirbio AB
Alligator Bioscience AB
Alteco Medical AB
Amniotics AB
1
Aptahem AB
Arjo Sverige Ab**
Ascelia Pharma AB
Axichem AB
BibbInstruments AB
Bioextrax AB**
BioGaia AB
BioInvent International AB
Bone Support AB
BrainCool AB
Camurus AB
Cantargia AB
Carbiotix AB
CellaVision AB
Clinical Laserthermia
Systems AB
Coegin Pharma AB
Combigene AB
Cyxone AB
Diagonal Bio AB
2
Dignitana AB
Doro AB
Duearity AB
Enorama Pharma AB
Enzymatica AB
Eql Pharma AB
European Institute Of
Science AB
Follicum AB
Genovis AB
Glycorex Transplantation AB
3
GPX Medical AB
Guard Therapeutics AB
Hamlet Pharma AB
Hansa Biopharma AB
Iconovo AB
Idogen AB
Immunovia AB
Invent Medic Sweden AB
Lumito AB
Magle Chemoswed AB
Medicpen AB
Midsona AB
Nolato AB
ALK Abelló A/S
Ambu A/S
Audientes A/S
Bavarian Nordic A/S
Bioporto A/S
6
Cessatech A/S
ChemoMetec A/S
Chr. Hansen
Holding A/S
Other
Coloplast A/S
Curasight A/S
Demant A/S
Genmab A/S
GN Hearing A/S
H. Lundbeck A/S
Monsenso A/S
Novo Nordisk A/S
Novozymes A/S
2cureX AB
Other
Acarix AB
Allarity Therapeutics
A/S (formerly Oncolo-
gy Venture A/S)
7
DanCann Pharma A/S
Expres2ion Biotech
AB/ApS
FluoGuide A/S
Other
Initiator Pharma A/S
Neuvolution AB
Qlife Holding AB
RhoVac AB/ApS
Other
Saniona A/S
Scandion Oncology
A/S**
Other
SynAct Pharma
AB/ApS
Other
Other
Jeppe Krog Rasmussen
Bent U. Frandsen
Morten Albrechtsen
Claus Elsborg Olesen
Sold to Amgen in 2019
Thomas Warthoe
Anders Månsson
Rami Levin
Bo Rode Hansen
Jeppe Øvlesen
Other
Other
Other
Optifreeze AB (Opticept
Technologies AB)
Pharmalundensis AB
Pharmiva AB
Phase Holographic
Imaging Phi AB
PILA PHARMA AB
4
Other
Other
Other
Dorte X. Gram
Erik Andersson
Jens Fricke
Patrik Bernstein
Tom Rönnlund
Johan Wennerholm
Johan Drott
Mohan Frick
Ann Gidner
Jonas Hagberg
Axel Sjöblad
Mats Hansen
Johan Folkunger
John Lempert
Håkan Lagerberg
Hans Wallin
Anders Rabbe
Evy Lundgren-Åkerlund
Dag Andersson
Göran Conradson
Onxeo DK*
Orphazyme A/S
Stenocare A/S**
ViroGates A/S
Zealand Pharma A/S
Össur hf.*
Other
PolarCool AB
Polypeptide Laboratories
AB (Polypeptide Group)
Prebona Healthcare AB
Probi AB
Prostalund AB
5
Other
Other
Other
Respiratorius AB
Scandinavian Chemotech AB
Selectimmune Pharma AB
Sensodetect AB
SenzaGen AB
Spago Nanomedical AB
Spectracure AB
Spermosense AB
Swedencare AB
Vibrosense Dynamics AB
WNTresearch AB
Xintela AB
Xvivo Perfusion Lund AB
Ziccum AB**
Other
Source: Stock exchanges’ company lists. CEOs’ nationalities were deter-
mined via direct contact with the companies. Information on websites, in
annual reports and press releases and on LinkedIn, as well as audiovisual
interviews and presentations were also used to discern national affilia-
tions. 1 January 2017 was the cut-off date for the comparison of CEOs’
nationalities, unless otherwise stated.
*Companies with headquarters outside Denmark ** CEO installed later
in 2017.
1
Amniotics AB plans to list on Nasdaq Stockholm on 6 July 2021
2
Diagonal BIO AB plans to list on Nasdaq Stockholm on 6 July 2021.
3
Gly-
corex Transplantation AB: Johan Nilsson is acting CEO.
4
PILA PHARMA
plans to list on Nasdaq Stockholm on 12 July 2021
5
Prostalund AB: Johan
Wennerholm is acting CEO.
6
BioPorto A/S: Peter Mørch Eriksen resigned
from the position, effective 5 May 2021, until a successor has been found.
7
Allarity Therapeutics A/S: the company is aiming to list at the latest by 30.
August on Nasdaq in the USA. Note that the listed companies Biotage AB
and Getinge AB have smaller-scale activities in Skåne. Note that Danish
life science companies, e.g. Novo Nordisk, Zealand Pharma, Genmab, Ga-
lecto Biotech and Orphazyme, are also listed in the USA with e.g. Danish
Y-mAbs Therapeutics and Evaxion Biotech.
Christophe Bourdon, the new CEO of the Danish
biotech company Orphazyme, who was most
recently at the American, international biotech
company Amgen.
Henrik Brabrand adds that top management
candidates from other countries might also come
into play more because competence can be greater
abroad when it comes to raising capital.
– We see that CEOs need to understand raising
capital, particularly when it comes to biotech. That
brings us back to a challenge in Denmark, where
neither stockmarket- nor investor culture is especi-
ally strong. Public equity offers are often in Stock-
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
holm or the USA. We see a general challenge when
it comes to experience raising capital, and we thus
also sometimes see some experienced CEOs coming
from abroad who have robust experience navigating
capital markets, says Henrik Brabrand.
Another reason for the greater degree of
internationalisation among CEOs in Denmark
compared to Skåne is the larger concentration
of subsidiaries to international pharmaceutical
companies there, according to Kim Raabymag-
le, country manager of the consultant company
PharmaRelations, which recruits employees in the
life science industry. He has noted the increase in
31
30
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ERU, Alm.del - 2020-21 - Bilag 376: Ny analyse fra Medicon Valley Alliance og Øresundsinstituttet "Life science across the Øresund" præsenteret 22. juni 2021
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MANAGEMENT
MANAGEMENT
internationalisation and explains that top mana-
gement personnel from abroad at international
pharmaceutical companies move around, gathering
experience in smaller countries such as Denmark,
for example, before moving on to a larger country.
Although attracting talent from abroad is positi-
ve, internationalisation can also limit the career
opportunities of employees who must accept being
on a lower rung than general managers, says Kim
Raabymagle.
He finds that the situation in Skåne is somewhat
different. Whilst there are certainly subsidiaries to
international life science companies, for example
McNeil AB in Helsingborg, Rechon Life Science
AB in Malmö and PRA International Sweden AB,
many smaller companies have also been started
in the region, for example as spin-offs from Lund
University. These spin-offs have a local context
and thus, rather than a director from abroad, their
CEOs are frequently Swedish and have been in-
volved in the company’s development process, says
Kim Raabymagle.
A third explanation might be that the inter-
nationalisation of the life science sector started
earlier in Denmark, says Anders Marcusson, mana-
ger of the Swedish recruitment agency Poolia Life
Science & Engineering AB. He works specifically
with consultants’ need for skills and the recruit-
ment of directors and specialists in life science and
engineering.
– We believe that Denmark is advanced in that
respect; there has long since been openness to inter-
national recruitments. When Sweden’s pharmaceuti-
cal industry lost ground several years ago, its Danish
counterpart continued to find success globally.
Swedish life science has since developed signifi-
cantly in e.g. contract manufacturing and contract
research, with small and medium-sized companies
and a lot of domestically-sourced skills, he says. He
continues:
– There has also been a clear strategy in place
for attracting international competence for a long
time in Denmark. We’re now seeing Swedish
efforts to do the same, and we expect to see a
successive increase in the draw for international
competence, from researchers to top management.
There are certainly many influential factors, but
one of them might also be e.g. that Sweden’s rules
and regulations for expert tax are less competitive
than Denmark’s, although improvements are being
made. We believe than the region’s labour market
is strongly affected by the fact that the Danish and
Swedish labour markets don’t really play by the
same rules, says Anders Marcusson.
to grow in spite of Covid-19 and there is a need for
more workers, and a recent survey by SwedenBIO
confirmed this, reporting that eight out of ten small-
and medium-sized companies in Sweden expect to
recruit more employees in the coming year.
– We have seen hesitation in certain companies
over the past year, what with the uncertainty about
how the pandemic would affect operations, but
very few have experienced anything more than
short-term negative effects, and many are now
announcing expansion – more than before the
pandemic. With that has come a major shortage of
candidates, and companies that are open to recru-
iting e.g. R&D expertise from abroad will have an
upper hand, he says.
PharmacoVigilance (PV) and clinical development
are being introduced all of the time. That means
that these areas are growing in terms of personnel,
and there needs to be a pipeline of people entering
the sector. And it’s harder to find [expertise] in these
areas now than it was just five years ago because there
is a need for more people [and] there are also more
companies, says Kim Raabymagle.
He does not see it as directly related to an
inadequacy in the educational programmes on
offer. Kim Raabymagle adds that even if companies
need to restructure, acquire and merge, which may
lead to dismissals in R&D and sales, personnel in
regulatory affairs (RA), quality assurance (QA) and
performance qualification (PQ) are indispensa-
ble, since they need to have the legislation related
to their products under control. He also sees an
employment increase in areas such as market access,
reimbursement and pricing and a negative trend in
sales, branding and market profiles in Denmark.
Henrik Brabrand also points out that there is now a
bottleneck when it comes to expertise in QA and RA).
– Quite simply, it’s because the regulatory requi-
rements from companies are on the rise – regardless
of whether we’re talking about medtech, pharma, or
biotech – and it’s driving up the demand, he says.
Anders Marcusson agrees.
– We are seeing a shortage of expertise in QA and
regulatory affairs in general. This is not specific to
Skåne; it’s being seen in the sector as a whole. There
are also challenges being faced in areas in which the
borders are blurred between the life sciences and IT,
as they often demand more senior expertise with
complex, cross functional knowledge that has not
yet matured, as many of the functions are relatively
new, he says. He notes that the sector has continued
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
PHOTO: NEWS ØRESUND
Bottleneck in the sector with regulatory affairs and
quality assurance
Despite structural differences relating to internationalisation at the top management level, there is a
general need to recruit more expertise in quality assurance and regulatory affairs to Medicon Valley
on both sides of the Øresund. One reason is that legal requirements in the life science sector, e.g.
by the EU, have become more stringent, say recruitment experts in Sweden and Denmark. Digital
expertise to support the development of pharmaceuticals and medical equipment is also in shortage,
which can mean a greater need to attract expertise to Medicon Valley from abroad.
Besides the tendency toward internationalisation
at the top management level, representatives from
Albright Partners, PharmaRelations and Poolia point
out that there is a definite tendency when it comes to
recruiting expertise in the life science sector in Den-
mark and Sweden in general: there is an increasing
need for more expertise in regulatory affairs, , where
life science companies’ employees ensure that medical
equipment and pharmaceuticals fulfil the safety and
32
efficacy requirements set out by authorities.
– The entire sector, from medtech to biotech to
pharma, is getting heavier and heavier in a purely
legislative sense, says Kim Raabymagle. This is
apparent from e.g. the EU’s new MDR regulations,
which has tightened the requirements for medical
equipment since May 2021.
– New, expanded requirements from areas like
regulatory affairs (RA), quality assurance (QA),
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Shortage of digital expertise increased need
for candidates from abroad
The demand for expertise in the life sciences is
growing in the digital realm as well, says Henrik
Brabrand. Covid-19 made that clear, with pharma-
ceutical companies like the Danish LEO Pharma
increasing their focus on conducting decentralised
clinical studies, so patients can participate digitally
rather than physically reporting to a hospital.
Furthermore, the pharmaceutical industries in
both Denmark and Sweden want improved access
to health data.
– Digitalisation is happening on all platforms, all
over the value chain and in development processes,
and a lot of that experience is outside Denmark’s na-
tional borders. There is a huge shift toward digitalisa-
tion. We still have a way to go in Denmark, he says.
According to Albright Partners’ own studies,
around 90 Danish life science directors in the phar-
maceutical-, biotech- and medtech sectors admit that
their sector lacks the necessary digital knowledge,
says Henrik Brabrand. He believes that this might
factor into the internationalisation of the life science
sector in Medicon Valley, as there is a demand for
digital expertise from abroad.
In the future, the life science sector in Medicon
Valley might become more internationalised still
when the construction of the Fehmarn Belt Fixed
Link, which began in January 2021, is completed
in 2029.
– We hope to be able to link northern Germa-
ny with Denmark and in extension Skåne, which
will make it even easier to commute and travel in
and out of the region, and the labour market will
become even larger, and new possibilities will be
created for companies to recruit the right people,
says Anders Marcusson.
33
ERU, Alm.del - 2020-21 - Bilag 376: Ny analyse fra Medicon Valley Alliance og Øresundsinstituttet "Life science across the Øresund" præsenteret 22. juni 2021
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MANAGEMENT
MANAGEMENT
PHOTO: CELLAVISION
DANISH BIOTECH COMPANY THAT
COLLABORATES WITH BIOTECH
COMPANIES IN LUND BRINGS IN
SWEDISH CEO
In March 2021, Maj Hedtjärn was recruited as
the new chief operating officer and head of R&D
operations at the Copenhagen-based biotech
company Scandion Oncology, which is listed on
Nasdaq First North Growth Market in Sweden. Maj
Hedtjärn has over 15 years of experience in the life
science sector and was most recently employed by
the Swiss pharmaceutical company Roche Inno-
vation Centre in Copenhagen. Scandion Oncology
was founded in 2017 by among others Professor
Emeritus Nils Brünner, who continues to be a
scientific advisor for the company and is part of
the board of Lund University’s Faculty of Medicine.
Scandion Oncology also has an active research
collaboration with the Lund-based Swedish bio-
tech company Alligator Bioscience.
SWEDISH ALLIGATOR BIOSCIENCE APPOINTS
DANISH CEO
Søren Bregenholt has a background from e.g. Novo Nordisk and Symphogen, and
he is chairperson of the Danish-Swedish network organisation Medicon Valley
Alliance. Starting on 1 June, he will also be CEO of the Swedish biotech company
Alligator Bioscience. He says that he is aware of the differences in the workplace
cultures of the two countries, and they do not worry him.
Søren Bregenholt’s most recent position was as CEO
and member of the board at Macrophage Pharma in
the UK. Prior to that, he was corporate vice president
at Novo Nordisk, and he was also COO at Symp-
hogen. He is looking forward to his new position as
CEO of the Swedish life science company Alligator
Bioscience, whose headquarters are in Lund.
– I’m really looking forward to it; it’s an exciting
opportunity. Alligator Bioscience has existed for seve-
ral years. It has strong technology and an interesting
immuno-oncology pipeline. I’m eager to work closely
with the Alligator team to maximise the value of the
pipeline for patients, investors and others. It aligns
well with my career to date, both at Symphogen
andNovo Nordisk, he says. He continues:
– For the past 20 years, I have worked in company
management with Danish and international pharma
and biotech and done business on most continents.
I’ve been involved in early- and late project phases
and my previous roles have given me an inside view
of the entire value chain when it comes to pharma.
I believe that those years of experience have been
good preparation for my position at Alligator, both in
terms of subject matter and in a managerial respect.
Alligator Bioscience is a publicly-traded Swedish
biotech company that develops tumour-directed im-
munotherapies for cancer. Among the company’s lar-
gest shareholders are the Danish Sunstone Life Science
Venture Fund; the Swedish co-founder Peter Benson,
who is chairperson of the board at Alligator Bioscien-
ce; the professor from Lund Carl Borrebaek, whose
research contributed to the company’s founding; and
Johnson & Johnson, with whom Alligator Bioscience
entered an agreement worth billions in 2015.
Søren Bregenholt says that he is aware that there
are differences in the workplace culture of Sweden
and Denmark, but he doesn’t consider them an ob-
stacle as he prepares to start working on the opposite
side of the strait.
– I am aware that there are certain differences
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
PHOTO: NEWS ØRESUND
CELLAVISION IN LUND
RECRUITS NEW CEO FROM
DENMARK
The medical technology company CellaVision has
ca 200 employees around the globe and interna-
tional headquarters in Lund, and in March 2021 it
appointed a new CEO. The new chief executive is
the Dane Simon Østergaard. He most recently held
an executive position at the American diagnostics
company Agilent Technologies; until his recent
change of employment, he was, among other
things, country general manager in Denmark.
Experience with business development, research
& development, quality assurance, operations and
sales and marketing made him the right person to
head CellaVision, states the company.
Søren Bregenholt with
Petter Hartman, CEO of
Medicon Valley Alliance.
+20
At least 20 Danish CEOs/managing directors were found to head listed and privately
owned life science companies in Skåne – for example QPharma, PolyPeptide
Laboratories, Hansa Biopharma and H. Lundbeck in Malmö. Companies with Danish
managers include large, medium-sized, small and micro-companies in Skåne, and
they are active in various subsectors in pharma, biotech, medtech and CDMOs.
LUND-BASED COMPANY FOCUSED ON HAIR GROWTH AND DIABETES THAT
RECEIVED FUNDING FROM THE NOVO NORDISK FOUNDATION IN 2017
RECRUITS DANISH CEO
Kim Arvid Nielsen, with experience from life scien-
ce companies such as Cytovac, Scandion Oncology
and Bayer, is the new CEO of Follicum in Lund.
Follicum develops peptide-based drugs to combat
diabetes as well as unwanted hair loss. Kim Arvid
Nielsen’s new appointment started in April of 2021,
and he was recruited based on his experience in bu-
siness development, investor relations and pharma-
ceutical development, the company states.
– I see great medical and commercial potential in
Follicum’s unique tissue repair peptides, and I will do
my utmost to contribute to the continuing value crea-
tion for the company, using my previous experience in
business and pharmaceutical development, said Kim
Arvid Nielsen in a commentary.
Follicum’s research in diabetes led to the company
34
receiving a 400 000
DKK grant from
the Novo Nordisk
Foundation in
2017 for pre-
clinical studies with
Follicum’s peptides.
The grant was
specifically for Jan
Nilsson’s research
group at the Clini-
cal Research Centre
at Lund University.
Follicum was founded by the researchers from Lund
Anna Hultgårdh and Pontus Dunér in 2011. The com-
pany was listed on Spotlight in Stockholm in 2014.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
between Danish and Swedish workplace culture, and
I believe awareness is the most important thing. In
Sweden the focus is perhaps more on consensus ma-
nagement than it is in Danish management culture.
I’m confident that when I’ve gotten to know the team
at Alligator Bioscience and they’ve gotten to know
me, we’ll be able to combine the best of Swedish, Da-
nish and international workplace culture and create
an excellent concept. I’m not worried about it, but I
am aware that differences exist, he says.
As chairperson of the Danish-Swedish network
organisation Medicon Valley Alliance, he would like
to see more trans-Øresund collaboration within the
life sciences, and he is pleased that so many people
work on the opposite shore despite the challenges
the region has faced in recent years because of border
checks and travel restrictions.
– We are a border region, and the more we work
together to increase capacity, infrastructure and
labour force, the stronger the region will stand in in-
ternational competition. We are four million people
in the region, around 50 000 of whom are employed
in the life science sector – that’s about as many as in
a medium-sized American city. We believe that we’re
the best in the world, and when it comes to some
things we are, but there are many synergies to be
created if we start working together even more. Col-
laboration increases our chances and opportunities to
become a leading international region, he says.
35
PHOTO: FOLLICUM
ERU, Alm.del - 2020-21 - Bilag 376: Ny analyse fra Medicon Valley Alliance og Øresundsinstituttet "Life science across the Øresund" præsenteret 22. juni 2021
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MANAGEMENT
MANAGEMENT
Many Danes and Swedes work in the life science sector across the Øresund – as
executives, employees, researchers and chairpeople. Experience and expertise
from e.g. large pharmaceutical companies such as Novo Nordisk, H Lundbeck
and Ferring often cross the border between Denmark and Sweden and attest to a
dynamic and interlinked labour market.
PHOTO: ASCELIA PHARMA
HIGHLY EDUCATED LABOURERS IN THE LIFE
SCIENCE SECTOR WORK ON BOTH SIDES OF THE
ØRESUND
EXAMPLES OF DANES WHO WORK
OR HAVE WORKED IN THE LIFE SCI-
ENCE SECTOR IN SKÅNE
JULIE WARAS
BROGREN
Chief commercial officer
of Ascelia Pharma AB
in Malmö since January
2020. Previously employed
at e.g. Novo Nordisk in
Denmark and Brazil.
• Hanne Risager Romedahl.
Chief scientific
officer of Idogen in Lund until June 2020.
Employed since then at Ferring Pharmaceu-
ticals in Copenhagen. Previously employed at
e.g. Novo Nordisk in Denmark.
• Kristine Koppelhus.
Scientific affairs manager
at BioGaia AB in Lund. Employed at the compa-
ny since 2014.
• Peter Dybdahl Hede.
Vice president R&D
at Probi AB in Lund since 2020. Previously
employed at e.g. Novozymes, Lundbeck and
BASF Health and Nutrition.
• Steffen Wad Jørgensen.
Chief development
officer of RhoVac in Lund/Hørsholm since
January 2020. Previously employed by e.g.
Lundbeck and LEO Pharma.
EXAMPLES OF DANISH CEOS/
MANAGING DIRECTORS IN THE
LIFE SCIENCE SECTOR IN SKÅNE
PHOTO: QPHARMA
• Lone Bruhn Madsen.
CEO of the Lund-based
Timeline Bioresearch AB since 2019. Associated
with the company since 2016.
• Magnus Corfitzen.
CEO of Ascelia Pharma AB
in Malmö since 2014. Previously employed at
e.g. Sunstone Capital A/S, the Danish Growth
Fund and Danske Capital in Copenhagen.
• Michael Akoh.
Managing director and mem-
ber of the board at Wieslab Laboratory Servi-
ces (part of SVAR Life Science AB) in Malmö
since 2020. Previously employed at e.g. SVAR
Life Science, Dako and Oticon.
• Niels Abel Bonde.
General manager of Novo
Nordisk Scandinavia AB in Malmö since
2017. Employed at Novo Nordisk for over ten
years. Previously held various positions at
GlaxoSmithKline. Board member of the trade
organisation Lif in Sweden.
• Søren Tulstrup.
CEO of Hansa Biopharma
AB in Lund since 2018. Previously CEO of Vifor
Pharma AG in Switzerland, and prior to that
employed at e.g.. Merck, Novartis and Shire
Pharmaceuticals.
• Tore Duvold.
CEO of Lund-based Coegin Phar-
ma AB and Edvince AB since 2020. Previously
executive vice president of Innovation Fund
Denmark and leading positions at LEO Pharma
in Denmark.
• Torsten Freltoft.
CEO of AcouSort in Lund
since 2014. Previously CEO of Sophion Bios-
cience A/S, Chemometech and PlastiSens in
Copenhagen and member of DTU Physics’
Advisory Board.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
KENNETH
STOKHOLM
CEO of QPharma AB in Mal-
mö since 2009. Group CEO
of QPharma since 2019.
Previously employed by e.g.
Xellia Pharmaceuticals in
China and Copenhagen.
LARS BUKHAVE
RASMUSSEN
Chief operating officer
of PILA PHARMA AB in
Malmö since May 2021.
Employee since September
2020. Previously employed
by e.g. LEO Pharma in both
the USA and Denmark.
PHOTO: NEWS ØRESUND
PHOTO: H. LUNDBECK
EXAMPLES OF SWEDES WHO WORK
OR HAVE WORKED IN THE LIFE
SCIENCE SECTOR IN DENMARK
JENS FRICKE
General director of
PolyPeptide Laboratories
AB in Malmö since 2013.
Previously employed at
e.g. LEO Pharma, ALK
Abelló and Novo Nordisk in
Denmark.
PHOTO: POLYPEPTIDE GROUP
JOHAN LUTHMAN
CEO of R&D at H. Lund-
beck A/S since February
2019. Previously employ-
ed by e.g. Merck & Co. in
the USA and AstraZeneca
in Sweden.
• Christina Reimer.
Chief medical officer of
Alligator Bioscience AB in Lund since February
2021. Previously employed at e.g. Ferring
Pharmaceuticals in Copenhagen.
• Christian Stentoft.
Chief strategy officer at Arjo
AB in Malmö since 2019. Employed in Arjo sin-
ce 2017. Previously employed at e.g. Getinge.
• Claus Egstrand.
Chief operations officer &
senior director growth at Enzymatica in Lund.
Associated with the company since 2017. Pre-
viously employed at e.g. Stryker and MSD.
• Dennis Henriksen.
Chief technology officer of
the Lund-based Idogen since 2014. Previously
director of e.g. BioNebraska Inc. in the USA.
• Jeppe Øvlesen.
CEO of the Lund-based SynAct
Pharma AB since 2014. Previously employed at
e.g. Action Pharma.
• Kåre Engkilde.
CEO of Amniotics AB in Lund
since 2019. Previously employed at e.g. Novo
Nordisk, LEO Pharma and Bioneer in Denmark
and Rigshospitalet in Copenhagen.
MARTIN
RIDDERSTRÅLE
Head of patient care at
the Novo Nordisk Founda-
tion since February 2021.
Previously employed by e.g.
Novo Nordisk A/S. Formerly
adjunct professor of endo-
crinology at Lund University.
36
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PHOTO: NOVO NORDISK FOUNDATION
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MANAGEMENT
MANAGEMENT
• Anders Månsson.
Employed at Ferring in
Copenhagen from 2007-2011. Leading posi-
tions at LEO Pharma in Denmark from 2011-
2017. From 2019, CEO of RhoVac in Lund.
• Annika Isaksson.
CEO of Flow Robotics A/S in
Copenhagen since early 2021. Previously CEO
of e.g. Amminex Emissions Technology A/S in
Denmark.
• Johan Mastrell.
Vice president Nordic/country
manager Denmark for Coloplast A/S since
2016/2017. Previously employed by e.g. Ferring
Pharmaceuticals in Denmark.
• Malin Carlsson.
Head of translational
medicine at Ferring Pharmaceuticals A/S
in Copenhagen until January 2020. Former
chief medical officer at Takeda Pharma-
ceuticals in Roskilde. Employed at Alligator
Bioscience AB in Lund since January 2020.
• Mats Blom.
Chief financial officer of Zealand
Pharma near Copenhagen from 2010-2019.
Employed at NorthSea Therapeutics in Holland
since. Board member at Hansa Biopharma in
Lund since 2019.
• Mats Persson.
Worked in R&D Partnerships
Management at LEO Pharma in Denmark from
2011-2016. Previously employed at AstraZeneca.
CEO of Hamlet Pharma AB in Lund since 2016.
• Mia Sandberg Lundblad.
Pharmacokineticist
at Ferring Pharmaceuticals A/S until February
2021. Previously employed at e.g. Novo Nord-
isk in Denmark. Clinical director at Respirato-
rius AB in Lund since February 2021.
• Per Olof Ericsson
Senior project director of Zealand Pharma in
the Copenhagen area since 2014. Previously
employed at AstraZeneca and SPAGO Imaging
in Lund.
• Tomas Landh.
Vice president of Innovation
Sourcing at Novo Nordisk in Copenhagen since
2014. Employed by the company since 2003.
Previously head of R&D and chief scientist at
Camurus AB in Lund.
• Åsa Schiött.
Senior project manager at Novo
Nordisk in Denmark from 2013-2015; since then
employed by e.g. Hansa Biopharma in Lund.
Chief scientific officer at Idogen since 2020.
EXAMPLES OF SWEDES WHO ARE
OR HAVE BEEN BOARD MEMBERS
IN THE LIFE SCIENCE SECTOR IN
DENMARK
PHOTO: LUND UNIVERSITET GUNNAR MENANDER
• Mathias Uhlén.
Board member at Novozymes
since 2007. Professor of microbiology at the
Royal Institute of Technology (KTH) in Stock-
holm. Visiting professor at Karolinska Institute.
• Per Falk.
President and head of research at
Ferring Pharmaceuticals since 2019. Employed
by the company since 2015. Previously held
leading positions at AstraZeneca and Novo
Nordisk in Denmark, Japan and the USA from
2002-2014. Board member of the Copenha-
gen-based Snipr Biome.
• Peter Benson.
Chairperson of Sunstone Life
Science Ventures in Copenhagen since 2019.
Co-founder of the foundation and managing
partner from 2007-2019. Chairperson of e.g. Alli-
gator Bioscience AB in Lund and Ascelia Pharma
AB in Malmö.
• Ulf J. Johansson.
Board member at the Novo
Nordisk Foundation from 2005-2013. Founded
Europolitan Holdings AB in 1990. Previously
held positions on boards at e.g. Novo Nordisk,
Novo A/S, Ericsson and the Royal Institute of
Technology in Stockholm.
• Åke Lernmark.
Board member at Diaunion.
Head of research at Hagedorn Forskningsla-
boratorium i Gentofte from 1979-1987. Pro-
fessor at Lund University’s Clinical Research
Center in Malmö since 2009.
ALEJANDRA MØRK
CEO of KLIFO A/S in the
Copenhagen area sin-
ce2008. Board member at
Follicum AB in Lund sin-
ce 2018. Board member
of the industry organisa-
tion Dansk Biotek since
2012.
BO AHRÉN
Board member and
former vice-chairperson
at the BioInnovation Insti-
tute in Copenhagen. Pro
vice-chancellor of Lund
University. Board member
of the Novo Nordisk Foun-
dation from 2005-2017.
• Kirsten Drejer.
Board member at Alligator
Bioscience AB in Lund from 2019-2021.
Co-founder of Symphogen, where she was
CEO for 16 years. Board member of Zealand
Pharma and others.
• Michael Shalmi.
Board member at Active
Biotech AB since 2019. Previously managing
director and head of principal investments at
Novo Holdings A/S in Copenhagen.
• Peter Høngaard Andersen.
Board member at
Immunovia AB in Lund since 2020. Previous-
ly employed at Novo Nordisk and Lundbeck,
formerly managing director of the Innovation
Fund in Denmark.
• Peter Wulff.
Board member at Spago
Nanomedical AB in Lund since 2015. CEO of
Bavarian Nordic from 1994-2007. Co-founder
of NeuroSearch.
ANDERS EKBLOM
Vice-chairperson of LEO
Pharma in Copenhagen
since 2018. Board member
of Lund-based Alligator
Bioscience since 2017.
Managerial positions at
AstraZeneca between
2006-2013.
• Camilla Huse Bondesson.
Board member at
2cureX AB since 2019. Consultant for the life
science company Conlega since 2004. Chairman
of the board at Gradientech AB, Immuneed AB
and TdB Labs AB.
• Göran Ando.
Chairperson of the board at Novo
Nordisk in Denmark from 2013-2018. Prior to
that board member since 2005. Chairperson of
the board at e.g. Symphogen in Copenhagen from
2011-2018.
• Magnus Persson.
Chairperson of the board at
Galecto Biotech AB in Copenhagen until May
2020. Continues to advise the biotech company.
Founder of the Scandinavian venture fund Eir
Ventures.
• Martin Nicklasson.
Chairperson Zealand
Pharma A/S in Denmark since 2015. Previous-
ly chairperson of e.g. Orexo AB and BioInvent
International AB.
PHOTO: CELLAVISION
PHOTO: LEO PHARMA
EXAMPLES OF DANES WHO ARE
OR HAVE BEEN BOARD MEMBERS
IN THE LIFE SCIENCE SECTOR IN
SKÅNE
MIKAEL WORNING
Board member at CellaVi-
sion since 2021. Board
member at Ambu and
former CEO of Demant’s
American division.
65 %
of the 23 listed life science companies in
Denmark have a Danish chairperson of the
board. Many companies’ boards feature
foreign members.
82 %
of the 74 listed life science companies in
Skåne have a Swedish board chairperson.
Many companies’ boards feature foreign
members.
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MANAGEMENT
MANAGEMENT
EXAMPLES OF SWEDES WHO
WORK IN LIFE SCIENCE-ORIENTED
RESEARCH ENVIRONMENTS IN
COPENHAGEN
PHOTO: PRIVATE
EXAMPLES OF DANES WHO WORK
IN THE LIFE SCIENCE SECTOR IN
STOCKHOLM
NIKOLAJ SØRENSEN
CEO of the Stockholm-
based Orexo since 2013.
Previously held leading
positions at Pfizer and
Boston Consulting Group.
Board member at Bioser-
vo Technologies.
PHOTO: OREXO
MARTIN MALMSTEN
Professor of biophar-
maceuticals, biophysics,
and drug delivery at the
University of Copenhagen
since 2016. Director of
LEO Foundation Center for
Cutaneous Drug Delivery
in Copenhagen. Guest pro-
fessor at Lund University.
PHOTO: DANSTEM - ESBEN ZØLLNER OLESEN
HENRIK SEMB
Professor and executive
Director and group leader
at Novo Nordisk Foun-
dation Center for Stem
Cell Biology (DanStem) in
Copenhagen since 2011.
NIKOLAI BRUN
Chief medical officer of the
Stockholm-based Affibody.
Previously employed as
head of medical evaluation
and biostatistics at the
Danish Medicines Agency.
Previously employed at
e.g. Novo Nordisk and
Genmab.
PHOTO: LÆGEMIDDELSTYRELSEN
DANISH AND SWEDISH BIOTECH COMPANIES IN
THE ØRESUND REGION GAVE LEO PHARMA INPUT
FOR OPEN INNOVATION PLATFORM
Swedish Niclas Nilsson helped build Danish LEO Pharma’s open innovation model five years ago,
drawing on input from Danish biotech companies and small-scale biotech companies from Medicon
Village in Lund. The model has been a breeding ground for more life science collaboration in the
Øresund Region and around the world. The platform is used by biotech- and pharma companies across
the globe, as well as by universities and students from DTU and Lund University. Niclas Nilsson finds
that open innovation leads to more sustainable network relationships, and that Danish and Swedish
management culture have grown more similar in recent years.
• Gert Fredrik Bäckhed.
Professor at the Novo
Nordisk Foundation Center for Basic Metabo-
lic Research at the University of Copenhagen.
Associate of the University of Gothenburg,
among others.
• Mef Nilbert.
Head of research at the Danish
Cancer Society in Copenhagen since 2017.
Also associated to e.g. Lund University as a
professor of oncology, as well as Amager and
Hvidore Hospitals.
• Christoffer Lorenzen.
CEO of the Stock-
holm-based Karo Pharma since 2019. Previous-
ly held leading positions at e.g. Hansen from
2008-2019.
• Peter Nordkild.
CEO of the Stockholm-based
Asarina Pharma since 2016. Previously CEO
of Egalet and formerly employed at Novo
Nordisk and Ferring Pharmaceuticals.
Niclas Nilsson was first employed as a scientist at
LEO Pharma back in 2004. His transdisciplinary
background in biology and technology made the
Swede an attractive candidate, and in the years
since then he has noted more and more Swedes
bringing their skills to the life science sector in
Denmark, just as he did. That was especially true
after AstraZeneca closed in Lund around a decade
ago: a lot of the expertise from southern Sweden
became relevant for companies on the Danish side
of the Øresund.
Today, Niclas Nilsson is heading Denmark’ oldest
pharmaceutical company’s open innovation work, and
he also helped build up the platform that LEO Pharma
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
has used for external collaborations since 2015.
Generally, open innovation is about companies
openly sharing knowledge and resources with far
less restrictive legal contracts, using external part-
nerships to find solutions to complex challenges in
the understanding that not all required competen-
ces are on hand internally in the organisation.
Over the years, open innovation has become
more widespread in knowledge-heavy sectors like
the biotech- and pharmaceutical industries, and it
is also used in e.g. Ideon Science Park in Lund and
Novozymes via the Hello Science platform.
– Most companies want to collaborate more
with external partners than they do today, but only
41
40
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MANAGEMENT
MANAGEMENT
more concrete, external collaborations; to make
few implement what is necessary in order to work
collaboration processes faster; and to find sparring
together more. Open innovation is a very good ex-
partners with whom to discuss new knowledge in
ample of how that can be made to happen, says Nic-
dermatology and inflammatory skin diseases.
las Nilsson, who believes that their model has been a
To date, the initiative has led to collaborations
good way to start up collaborations in practice.
between LEO Pharma and more than 150 partners
When LEO Pharma started working on an open
in over 27 countries on every continent, and more
innovation platform, they turned to a number of
than 3000 molecules sent by
biotech companies in Den-
mark and at Medicon Village
”Most companies want
external actors have been te-
sted for free in LEO Pharma’s
in Lund, among others. The
to collaborate more
laboratories.
objective was to learn more
Around five of the 150
about how a collaborative
with external partners
partnerships have been from
platform with a larger-scale
than they do today,
Sweden, and at least 20 have
pharmaceutical company
been from Denmark. LEO
could be attractive from the
but only few imple-
Pharma has followed addi-
perspective of a small biotech
ment what is neces-
tional business opportunities
company. One decisive piece
of input for instance was to
sary in order to work
with around 10% of the part-
ners who have made use of
develop practical processes by
together more.”
LEO Pharma’s open testing
sending and testing others’
opportunity. As an example,
materials, as well as legal key
one commercial agreement on the development of
points to minimise the risks for biotech companies
two new drug candidates was entered last year with
when it comes to using open innovation.
the contract research Ubiquigent in Scotland.
Shared cultural understanding is a good
The open innovation model has delivered, says
precondition for collaboration
Niclas Nilsson, because it is not just a question of the
number of business contracts; it’s also about learning
Turning to actors in the sector on both shores of
to think differently, gathering input for other drug
the Øresund – LEO Pharma already had offices in
targets, and making new contacts without necessarily
Malmö – was a reminder that the mutual under-
fuelling the pipeline from Day 1.
standing and the trust-based way of working in
That’s why e.g. master-level chemistry students
both Sweden and Denmark is a cultural asset of the
from Lund University and DTU have also used the
Øresund Region.
testing infrastructure to shorten the distance between
It is precisely that cultural closeness that makes
academia and the industry. Universities from the
the conditions for increasing collaborations in the
USA and Canada are also involved.
region so favourable, says Niclas Nilsson, because
– People who have chemical molecules can test
it can be easier to establish relationships with one’s
them in our laboratory, entirely free from business
neighbours, where there are similar cultural and
and legal constraints, says Niclas Nilsson, adding that
collaborative notions. In addition, he feels that the
the results are given to the actors themselves.
differences between Danish and Swedish manage-
The data thus does not belong to LEO Pharma –
ment have grown less pronounced over the past 15
and that model is unique, according to Niclas Nils-
years in which he has been working in the Danish
son, who has noted that other large pharmaceutical
life science industry; furthermore, as he sees it, it
companies have similar platforms that he does not
has become more common and accepted to have
necessarily consider completely open; there might
colleagues from across the strait.
be reservations related to disclosure, first rights
– Swedish management has developed in terms of
negotiation or other business terms and conditions
entrepreneurship and business focus from being a bit
to continue the collaboration.
more academic in the past, and Danish management
– We’ve taken away all of that, says Niclas
has become much more international and global,
Nilsson.
both in its mindset and its actions, he says.
New partnerships in Sweden and Denmark
From the beginning, LEO Pharma wanted to
achieve three things with the platform: To start
42
big pharma and smaller biotech companies, where
the former has been able to dictate the conditions to
a greater extent. A more modest, win-win stance is
more beneficial if real work is to be done with open
innovation, says Niclas Nilsson.
– In the long run, it’s much better to have
symmetrical relationships where everyone is taking
the same risk and making the same obligations.
It leads to a network with a more long-term
perspective and makes people come back and find
a match between assets and needs more easily, he
says, pointing out that the open innovation model
has been good branding, helping to strengthen the
network and increase knowledge about the com-
pany and sending the message that LEO Pharma
dares to do things differently.
When it comes to open innovation, the most
important thing he has learned in the past five years
is that one needs to think about collaboration from
the partner’s perspective, because it clarifies the
value creation.
– Instead of saying: We want your help, the ques-
tion should be: How can we help you?
Be open about challenges and needs
One way to improve transregional collaboration in
the life sciences would be that companies dare to be
more transparent when it comes to problems and
needs that can lead to new partnerships, accor-
ding to Niclas Nilsson. He illustrates this with an
example: LEO Pharma recently announced that
they are particularly interested in partnerships in
proteinprotein interactions (PPI) and a few specific
drug targets – this information is traditionally con-
fidential, says Niclas Nilsson, but if one opens up,
the opportunities to find new partnerships increase.
For that reason, it would be an advantage if the
Øresund Region became a “playground” for that
access, says Niclas Nilsson, and he suggests that
the newly established open research collaboration
network ODIN (Open Discovery Innovation
Network) between Aarhus University and other
Danish and international pharma companies –
including LEO Pharma – might inspire a regional
model. The ODIN project has received 54.5mn
crowns worth of funding from the Novo Nordisk
Foundation, and its ambition is for researchers and
companies to collectively and voluntarily exchange
knowledge, collaborate, and make data and results
available for the outside world in order to create
drugs in a new and open way; in Oxford, England,
this has proven to have great potential.
– That model could perhaps be used more bro-
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Niclas Nilsson.
adly in the Øresund Region, so we have a platform
that facilitates scientific dialogue. What I think
we need in the Øresund Region are conversation
starters that open up communication about scien-
ce and needs, and more business is sure to follow,
says Niclas Nilsson.
LEO PHARMA OPEN
INNOVATION
• Founded:
2015
• Branches in the life sciences:
Pharma
• Focus area:
Dermatology and skin
inflammation diseases
• Ownership:
Private
• R&D Lead:
Niclas Nilsson
• Total number of molecules tested:
3 000
• Total number of partners that have used
the platform:
150
• Moreover:
PPI-molecules are a new focus
area. Based on recent success with their own
PPI, LEO Pharma is looking to expand these
activities and look for new partners as part of
the Open Innovation platform.
Open innovation creates relationship parity
Niclas Nilsson emphasises that open innovation can
help mitigate asymmetrical relationships between
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
PHOTO: LEO PHARMA
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PHOTO: LEO PHARMA
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MANAGEMENT
MANAGEMENT
MALMÖ’S INCUBATOR ENVIRONMENT AND
ENTREPRENEURIAL SPIRIT ATTRACTED THE
DANISH-SWEDISH PILA PHARMA
The smoothly operating incubator setting in Malmö was what made Dane Dorte X Gram choose
Skåne as a home base when she started up the pharmaceuticals company PILA PHARMA after
ten years at Novo Nordisk in Denmark. Today, the company has both Danish and Swedish consul-
tant-associates, a Danish operational director with a background from LEO Pharma has been
recruited, and there’s an IPO around the corner.
Skåne – and even more so in Stockholm – the mindset
is almost American.
– Swedes love it when people take chances and try
to come out on top, says Dorte X Gram.
She likes that mentality. She has also found that
Swedes, like Danes, expect people who come from
abroad to learn the local language and make an effort
to integrate, so she has learned herself to speak and
write Swedish competently, so that others understand
that she wants to be part of society.
Danish and Swedish consultant competen-
ces complement each other
Another difference between Denmark and Sweden
that Dorte X Gram has noted is salary.
– Since large enterprises in Denmark offer such
good salaries, Danes are often too expensive – relative
to what I’m ready to pay at any rate, she says.
According to Dorte X Gram, the lower salaries
in Sweden, which can be weighted against the
advantages of the 25% SINK-tax for Danes, prevent
more Danes from working in the life science sector
on the other side of the Øresund. Nonetheless,
she has been able to build a stable internal project
organisation with around 10 Danes and Swedes in
the Øresund Region, all of whom are employed as
consultants based on their expertise.
Structurally, running PILA PHARMA virtually has
worked well, she points out; in part this is because the
looser formation of consultants is flexible, and expen-
ses can be adjusted easily according to whether or not
funding is available. As a result, the company has come
very far on a relatively tight budget, she says, and the
collaboration can continue for many years to come.
There is also a good recruitment pool for consultants
in the Øresund Region; large-scale staff cutbacks at
regular intervals by the larger pharmaceutical com-
panies – AstraZeneca in Skåne around a decade ago,
and more recently LEO Pharma and Lundbeck in the
autumn of 2020 – have freed up expertise that can be
of service to smaller companies in the region.
– There is a sea of consultants. Among other
things I’ve found that there are good consultants in
Skåne for drug delivery. A lot of the diabetes- and
big pharma expertise I’m looking for is in Denmark,
says Dorte X Gram.
Bridge tolls limit commutes
In 2019, PILA PHARMA left the incubator at
Medeon, and since then the company has had its
offices in central Malmö. In September 2020, Dorte
X Gram recruited Lars Bukhave Rasmussen; he has
15 years of experience in various leadership positions
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Environment influences business mentality
Dorte X Gram started the company PILA PHAR-
Today, PILA PHARMA has raised 45mn SEK
MA seven years ago. She had been working more
(€4,5mn) in capital. The first to back PILA PHAR-
than ten years at Novo Nordisk in Bagsværd, where
MA was the state-owned Swedish foundation Almi
she did her PhD studies, when the opportunity
Invest, which invests in tech, industry, cleantech
arose in 2008 to acquire her research results from
and life science, with 1mn SEK. Private Swedish –
Novo Nordisk and create her own company where
and recently also Danish – investors followed suit,
she could develop a new diabetes treatment.
putting millions of crowns into the clinical develop-
Although most of her professional network was
ment of the pharmaceutical
in Denmark, she chose to
”Since large enterprises
candidate XEN-D0501,
develop PILA PHARMA
which Dorte X Gram believes
in Malmö, where she had
in Denmark offer such
can be useful some of the glo-
relocated with her family.
good salaries, Danes are
bal market with around 465
– I set up PILA
million patients.
PHARMA in Sweden be-
often too expensive.”
The company is planning
cause the conditions there
a public offering in July 2021 on Nasdaq First North
were more conducive to making progress when we
Growth Market in Stockholm to raise more capital for
were in the start-up phase, says Dorte X Gram.
the clinical development, which is now in phase 2. To
She knew researchers at Lund University in Skåne
date, the scientific work has been conducted across the
through her work at Novo Nordisk, but other than that,
Øresund Strait and with collaborative partners in e.g.
her network in Skåne – particularly the commercial side
England.
of it – and her knowledge of the area were minimal.
According to the company’s Danish-born
That all changed, however. Encouraged by her
director, Denmark’s seed funding environment was
Swedish partner, she went to a seminar at Medeon
difficult around five to ten years ago; it was domina-
Science Park in Malmö and found that people there
ted by large investment actors, and companies that
actively encouraged her to become a part of Medeon’s
didn’t fit the investment portfolio in one way or
incubator environment, where diabetes projects were a
another had a hard time.
special focus.
The investment environment in Sweden was – and
She discovered that people were generous with their
still is – more diverse, encouraged by e.g. lower taxes
expertise, for example via the ’entrepreneur program-
on income from stocks in Sweden than in Denmark.
me’, where Medeon’s partners offered a free entre-
As a result, more Swedes invest in companies
preneurs programme. Several of them later became
privately, creating a cultural difference in the mentality
collaborative partners – a good “win-win situation”,
surrounding entrepreneurs and wage-earners, says
says Dorte X Gram.
Dorte X Gram.
She notes that she was raised to value intelligence
– When I left Denmark and moved to Sweden,
– her father was a professor of clinical pharmacology –
it definitely felt like putting the good, steady job at
but selling was considered uncouth and the commerci-
risk, she says; in her experience, there was a strong wa-
al aspect wasn’t promoted, neither growing up at home
ge-earner mentality. That’s changing in Denmark now,
nor at school. At Medeon, however, she was given the
she notes, but there are still cultural differences, and in
tools to discover and explore that, among other things.
44
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Dorte X Gram.
at LEO Pharma in Denmark under his belt.
Any new recruits in the near future will likely be
Swedish due to the coronavirus pandemic, which has
made border commutes difficult and strained Da-
nish-Swedish collaboration, says Dorte X Gram.
– But we have plans for a physical office in
Copenhagen, which will make it easier for us to adapt
by attracting relevant Danish expertise, says Dorte X
Gram. She leaves us with a clear message about how
collaboration can be increased.
– If politicians really want open collaboration
across the Øresund Strait, conditions for border com-
mutes during the pandemic need to be clear and realis-
tic, and in addition, the bridge toll needs to be reduced
– because at the moment, it’s really a showstopper for
border commutes, especially from Denmark, she says.
PHOTO: NEWS ØRESUND
PILA PHARMA AB
• Founded:
2014
• Branches in life sciences:
Pharma
• Focus area:
Diabetes
• Ownership:
Private
• CEO:
Dorte X. Gram
• Turnover 2019/2020:
0
• Gross year-end result 2019/2020:
-9 mn SEK/-6 mn SEK
• Total number of employees in Malmö:
3
45
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RESEARCH AND EDUCATION
Strong research environments and potential for
more transborder collaboration
There are many strong research structures for diabetes, oncology, reproduction and more in
Medicon Valley. There are also many research collaborations across the strait, primarily between
individual researchers or research groups. As far as structural collaborations are concerned, many
of the people interviewed for this report assert that they should be able to broaden and become more
plentiful. National focus when it comes to research funding and different taxation and health insu-
rance systems are two example of obstacles that were pointed out.
The life science sector has been made a priority in
Denmark as well as Sweden. Both countries have
formulated life science strategies with initiatives
to strengthen the sector, and prioritisations have
also been made on the regional scale regarding how
research environments in the life sciences can be
developed. A European comparison of research en-
vironments conducted the Dutch research institute
CWTS shows that biochemistry and molecular bio-
logy, endocrinology and metabolism and oncology
are the three areas of research that generated the
greatest number of scientific publications in the life
sciences in Medicon Valley between 2006-2016.
Life science research on the agenda in both
countries
Denmark’s latest life science strategy, from April
2021, asserts that ”the life sciences are a Danish
strength”. ”Sweden should be a leading life science
nation” is the opening line of the Swedish national
life science strategy, presented in December 2019.
Investments in research are one tool for achieving
the goals set in the respective countries. Initiatives
in Denmark include extending the increased tax
deductions that companies are allowed to make for
R&D costs and a multidisciplinary working group
to improve the framework for clinical research.
Sweden’s goals include strong trans-sector resear-
ch in the life sciences and broader exploitation of
research infrastructure. The two countries’ strategies
meet on the shores of the Øresund and in the clus-
ter called Medicon Valley.
In 2018, the Capital Region of Denmark
adopted a research strategy for health research that
will continue until 2022. The report shows that
the three largest research areas in terms of scientific
publications in 2015 were oncology, coronary heart
disease, endocrinology and metabolism. In May
2019, Region Zealand’s regional council adopted
the strategy ”Forskning på forkant” (Research at the
forefront) for health research; it will also continue
until 2022. According to the Danish-Swedish
organisation for political collaboration the Greater
Copenhagen Committee, ” the life sciences are an
industrial and research-related strength in Greater
Copenhagen”. The life sciences are one of the five
key prioritised areas that lay the framework for
growth and welfare in the future.
BioInnovation Institute
RESEARCHERS AT UNIVERSITIES AND HOSPITALS IN THE
ØRESUND REGION *
Approx. number of diabetes researchers
1 000
150
Approx. number of reproduction researchers
* Data based on information reported for this analysis. Note that
researchers can be employed by hospitals and universities simulta-
neously; there is thus a risk that they have been counted twice. The
University of Copenhagen did not report the number of researchers
per field, with the exception of the Novo Nordisk Foundation Center
for Basic Metabolic Research (CBMR) and and Biotech Research &
Innovation Centre (BRIC); commercial research is not included here.
RESEARCH AND EDUCATION
1 700
Approx. number of cancer researchers
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RESEARCH AND EDUCATION
RESEARCH AND EDUCATION
According to Region Skåne’s marketing agency
Invest in Skåne, which works among other things
with the life sciences in Skåne, the region is ”at
the forefront of research within diabetes, neuros-
cience, oncology and inflammation”. Skåne’s 2020
innovation strategy for sustainable growth, deve-
loped by the Research and Innovation Council of
Skåne, FIRS, states that ”Health and medicine are
at the very foreground at learning institutions in
Skåne, and dental health is an area of research with
high impact”. One of their priorities is working to
develop research and innovation environments as
well as to increase commercialisation of research and
to promote internationalisation of the sector.
Biochemistry and molecular biology largest
fields of research
The three research areas that generated the largest
number of scientific publications in the life sciences
in Medicon Valley between 2006-2016 are bioche-
mistry and molecular biology, endocrinology and
metabolism, and oncology. This was shown in a
European comparison with nine other prominent
European life science clusters conducted by the
research institute CWTS on behalf of Medicon
Valley Alliance.
The ten largest areas in terms of the number of
scientific publications between 2006-2016 are:
1. Biochemistry & molecular biology
2. Endocrinology & metabolism
3. Oncology
4. Neurosciences
5. Medicine, general & internal
6. Public, environmental & occupational health
7. Pharmacology & pharmacy
8. Cardiac & cardiovascular systems
9. Immunology
10. Surgery
Together, the 20 largest research fields are
responsible for more than 50% of the total number
of scientific publications in the life sciences in Medi-
con Valley during the period investigated.
When it comes to the scientific publications
by researchers from Medicon Valley cited most
frequently between 2006-2017 in relation to the
international average in each respective field, the
five largest subject areas are: Medicine, general &
internal; Cell biology; Genetics & heredity; Plant
sciences and Sport sciences.
In this analysis, we note that among other
things, there are three strong research structures
across the Øresund: in diabetes, oncology and
reproduction.
Potential for more research collaboration
across the Øresund
Life science research in Medicon Valley takes place
on many levels, including within companies, at
hospitals and on behalf of the regions, at universi-
ties and in cooperative projects. This chapter offers
many examples of such collaborations and inter-
views with the actors involved.
According to Erik Renström, the new Vice-chan-
cellor of Lund University, there is solid bottom-up
engagement and a great deal of collaboration
between Lund University and the University of
Copenhagen in the life sciences. The collabora-
tions are primarily for research between individual
researchers and research groups; collaborations on a
structural level are fewer, he says. He mentions bor-
der issues in relation to the challenge of procuring
research funds that can be used across the Øresund.
– I’m sorry to say that we have many structural
obstacles impeding collaboration. There are many
challenges. Interreg-projects are extremely valuable
however, as we have a great deal of national projects
in which we’d like to have Danish partners, he says.
He plans to work to establish a structural collabo-
ration with the University of Copenhagen in the life
sciences. Read more in an interview on page 54-55.
Swede Mef Nilbert has professor titles from both
the University of Copenhagen and Lund University
and works as head of research at Denmark’s national
cancer foundation, the Danish Cancer Society, in
Copenhagen. She sees structural obstacles caused
by the differing systems for taxation and health
insurance as impeding research collaboration across
the Øresund from expanding. This is apparent for
example when researchers want to divide their time
between e.g a university and a hospital on different
sides of the strait.
– The fact that the health insurance and tax sys-
tems aren’t synced up to make working part-time in
both countries possible is the single greatest obstacle
to research collaboration in the region, I would say.
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HIGHEST RANKING UNIVERSITY
Three of the fours highest ranking Nordic universi-
ties in QS’ annual ranking are in the Øresund Regi-
on. The University of Copenhagen ranks highest at
number 79, followed by Lund University at number
87, the Royal Institute of Technology in Stockholm
at number 89, and the Technical University of
Denmark at number 99.
MICROBIOME RESEARCH GROWING AS A SCIENTIFIC AREA OF
STRENGTH IN THE ØRESUND REGIONS
Research in human’s microbiome started around the
year 2000. Now, some 20 years later, the Øresund
Region stands out as a growing European centre for
microbiome research, as the initial, partial results
from an overview published in the autumn of 2020
show. The business- and network organisations
Copenhagen Capacity, Invest in Skåne as Medicon
Valley Alliance are the motor behind the survey in a
transregional project funded by Interreg.
Research is becoming increasingly more conclu-
sive that the body’s microorganisms can improve
treatments for e.g. cancer, diabetes and fertility.
The survey also describes how the region’s actors
in microbiomes have conducted around 140 clinical
studies in the field of microbiomes over the past 20
years; 80 of the studies were done since 2015.
In addition, around 900 research papers on
microbiomes were published between 2014-2019.
The main authors of 71% of the papers were from
the Greater Copenhagen Region, giving the region a
leading position in the field.
Around 80 Danish and Swedish businesses,
organisations and academic institutions in the
Øresund Region work with microbiome research. Of
them, over 40 life science businesses in the region
work with microbiome treatment R&D. Among
these are the pharmaceutical company Ferring
Pharmaceuticals, whose roots are Swedish, and
the Danish ingredient manufacturer Chr. Hansen.
Swedish biotech companies such as BioGaia, Probi
and Gedea Biotech and the Danish Snipr Biom
and Novozymes were also identified as part of
the microbiome cluster. The latter acquired the
American company Microbiome Labs for ca 126mn
USD in 2020.
According to the actors driving the project, in-
sight into the research will attract more expertise,
more companies and more capital to the Øresund
Region. In April 2021, more than 1 000 people from
over 60 countries participated in a digital conferen-
ce on microbiome research in the Øresund Region.
The survey of the Øresund Region’s microbiome
cluster will continue into 2022.
It gets so incredibly complicated if the systems aren’t
synchronised; for many people, working on both
sides of the Øresund would be so natural. Being
associated with another university or company – in
the same country this is no problem – but if one
works for a university and a private company in the
other country, it gets extremely messy and systema-
tically speaking almost impossible, she says.
Read more in an interview on page 80-81.
Professor of immunology at Lund University and
serial entrepreneur Carl Borrebaeck also sees great
unexploited potential in trans-Øresund collabora-
tion. He maintains that many collaborations are
driven by personal contacts and engagement.
– As a researcher, one’s demands are often ex-
tremely specific, and you choose the collaborations
that give you the most. It doesn’t necessarily need to
be in Denmark; it could be anywhere. But proximi-
ty is always important, and that led me to work a
lot with the Danish Cancer Society in Copenhagen
and the Danish professor Nils Brünner, he says.
Read more in an interview on page 78-79.
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DENMARK HELPS FUND RESEARCH INFRASTRUCTURE IN LUND
Danish universities and the Novo Nordisk Foun-
dation are helping build up an advanced research
infrastructure in Lund at European Spallation
Source (ESS) and MAX IV Laboratory.
Bifrost and Heimdal – Danish contributions to
ESS in Lund
When the neutron spallation facility European
Spallation Source (ESS) is ready for use in 2023
and, according to plan, fully operational in 2026,
contributions from e.g. the Technical University of
Denmark in Zealand will have helped it get there.
In recent years, the university has been involved
in the development of an instrument called Bifrost.
Bifrost consists of over 8000 different components,
and the instrument itself is one of a total of 15 highly
advanced instruments at the ESS facility currently un-
der construction. Many of the instruments are relevant
for the life science sector, whilst others – including the
Danish Bifrost instrument – will be utilised more for
basic research in magnetism, energy research, che-
mistry of materials and engineering and geo-sciences.
The Technical University of Denmark is responsible
for the overall development of ’Bifrost’ in cooperation
with the University of Copenhagen and other research
institution in Switzerland, France and Norway.
Staff from the Technical University of Denmark
have also developed software for use at ESS, and
Aarhus University has been involved in the develop-
ment of the Heimdal instrument, another of the 15
large instruments at ESS.
The collaboration between Denmark and Sweden
goes further than Bifrost, however. Both countries are
hosts for the ESS facility in Lund, and are covering ne-
arly half of the construction costs, which are around
€1.84bn in total. Eleven other European countries are
contributing to ESS’ construction, making it a pan-Eu-
ropean research infrastructure that will welcome
up to 3000 international researchers annually. ESS’
data centre is located at Copenhagen Bio Science
Park (COBIS) in Copenhagen, where researchers can
transform experimental data into scientific results –
read more about ESS on page 99.
DanMAX and MicroMAX – Danish contributions to
MAX IV in Lund
Another example of research collaboration between
Sweden and Denmark is also located in Lund. Not
far from the ESS facility is Sweden’s national MAX
IV Laboratory, which is an X-ray facility. The labora-
tory opened in 2016 and is part of Lund University.
A number of Danish public organisations joined
together to construct a beamline at the MAX IV
facility, called DanMAX. The instrument has been
operational since 2020 and benefits e.g. research in
materials- and nanotechnology and molecular and
chemical processes, which can benefit life science
companies and -students in the Øresund Region.
Funding for DanMAX in Lund was made available
by the Danish Ministry of Higher Education and
Science, which granted 35mn DKK – ca €4.7mn – to
the project in 2014. Other Danish public organi-
sations such as the Capital Region of Denmark,
the University of Copenhagen and the Technical
University of Denmark also contributed funds for
DanMAX, as did MAX IV Laboratory.
At MAX IV Laboratory in Lund, the Novo
Nordisk Foundation in Denmark also funded the
construction and ten years of operational costs of
a super-microscope by the name of MicroMAX. The
equipment will enable more highly detailed study
of proteins, which will create the foundation for
developing new drugs and more. The Novo Nordisk
Foundation has granted 225mn crowns, ca €35mn
for the microscope; that is the foundation’s largest
grant to southern Sweden to date.
The Novo Nordisk Foundation’s involvement in
the MAX IV lab in Lund is part of a broader strategic
initiative that the Novo Nordisk Foundation calls
“Copenhagen Bioscience Cluster”. The goal is to
create a cluster of world class research centres
and infrastructure in biomedicine and biotech in
the Capital Region of Denmark and in Skåne in
southern Sweden. Read more on page 107.
Highest ranking universities in the Øresund Region
– with around 27 000 students in the life sciences
Universities in the Øresund Region are standing strong against international competition, and around
27 000 students are in some way linked to the life sciences at the region’s universities. Three of the
four Nordic universities included on QS’ annual ranking list of the world’s top-100 universities on
are located in the Øresund Region: the University of Copenhagen, Lund University and the Technical
University of Denmark.
When it comes to the number of students in the
life sciences, the Øresund Region’s most promi-
nent university is the University of Copenhagen:
there are 7 900 students at the Faculty of Health
and Medical Science and 5 800 in life science-re-
lated training programmes the Faculty of Science.
Doctors, dentists, veterinarians and pharmacists of
the future are educated at the Faculty of Health and
Medical Science, and the Faculty of Science offers
educational programmes in biochemistry, biology
and molecular biomedicine.
There are approx. 4 500 students in the life
sciences in various faculties at Lund University: the
Faculty of Medicine (3 000), the Faculty of Science
(700), and the LTH Faculty of Engineering (800).
Lund’s Faculty of Medicine offers undergraduate
education in medicine, physical therapy, speech
therapy and nursing, as well as higher level education
such as further training in biomedicine and nursing
specialisation. LTH Faculty of Engineering offers life
science-related education such as civil engineering
training in medicine and technology, biotechnology,
and chemical engineering. Advanced education inclu-
des master training in pharmaceutical technology.
LTH is part of Lund University, whilst the Techni-
cal University of Denmark (DTU) is an independent
university. With 4 300 students in life science-related
training programmes, DTU and LU have nearly the
same number of life science students. Educational
programmes at DTU include biotechnology, quan-
titative biology and disease modelling, and medicine
and technology.
Multiple smaller universities and colleges in the
Øresund Region also offer education in the life scien-
ces; for example, Malmö University and Kristianstad
University educate dentists and nurses, and Roskilde
University offers training in molecular biology and
mathematical bioscience.
STUDENTS IN BRIEF
ILLUSTRATION: ESS
Students studying in programmes
completely or partially in the life
sciences
26 800
DANISH STUDENT ORGANI-
SATION FOR LIFE SCIENCE
STUDENTS EXTENDED TO
LUND IN 2020
Synapse – Life Science Connect is a student-led,
non-profit organisation for life science students
in Medicon Valley. The organisation works to build
bridges between the life science industry and stu-
dents and recent graduates of the life sciences by
e.g. arranging networking events, company visits,
workshops and summer schools. The organisation
was established at the University of Copenhagen
in 2014, and in 2020 it started up a division in Lund.
Since 2018, the organisation received a grant of in
total 992 000 DKK from the Novo Nordisk Foun-
dation to continue their activities. Synapse also
receives support from the Tuborg Foundation and
Otto Mønsted Foundation in Denmark.
7 900
3 000
ESS.
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Students at the Faculty of Health and
Medical Sciences at the University of
Copenhagen
Students at the Faculty of Medicine at
Lund University
Footnote: The figure for KU is from 2019 and for LU from 2020.
MAX IV.
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RESEARCH AND EDUCATION
RESEARCH AND EDUCATION
AROUND 26 800 STUDENTS IN THE ØRESUND REGION IN EDUCATIONAL
PROGRAMMES IN OR RELATED TO THE LIFE SCIENCES
The following data shows the number of students in selected educational programmes or at depart-
ments at the region’s universities that are completely or partially related to the field of life science.
Data was provided by the universities themselves and is from the years 2019-2020.
Number of stu-
dents in the life
sciences
13 650
4 500
4 300
2 000
1 600
600
75
60
26 800
NEW, REVISED TRAINING PROGRAMMES WITH LIFE SCIENCE-FOCUS
AT CBS – FOR INDUSTRY WORKERS AND STUDENTS FROM MEDICON
VALLEY AND ABROAD
With new continuing education programme on offer, Copenhagen Business School (CBS)
is making it possible for Danish and Swedish life science employees and others Medi-
con Valley to upgrade their skills. The educational institution in Copenhagen also offers
students in e.g. Lund or Malmö master studies in Business Administration and Bioentre-
preneurship and more. The training programme has been newly revised in collaboration
with leading Danish biotech- and pharma companies and supported by the Novo Nordisk
Foundation. To date however, only a small number of students in Sweden and Norway
have taken advantage of the training opportunity in Copenhagen.
There are several new training programmes aimed
at the life science sector on offer in Medicon Valley
– at Copenhagen Business School, for one. Starting
in September 2021, people who work in or head
life science companies in Denmark, Sweden and
abroad will be able to register for a new, flexible
specialised training at a master level at CBS.
The Master of Business Development (MBD)
programme, as it is called, is geared toward people
who work in the pharma-, biotech- and medtech
industries, and it offers an opportunity for experien-
ced people from the sector from e.g. the Danish and
Swedish sides to develop their networks and upgra-
de their knowledge of e.g. business development,
pricing and open innovation processes.
People can choose to participate in the specialist
training with others or individually. It consists of th-
ree courses, and each course costs between 10 000
and 20 000 DKK, or ca €1 400-2 700. The first course
will start in September.
The training programme was designed through a
sparring process with leading life science companies
such as Novozymes, Chr. Hansen, H. Lundbeck and
LEO Pharma, all of whom have border commuters
on their staff (read more on page 14).
Together with the Technical University of Den-
mark (DTU), Novo Nordisk, and the University of
Copenhagen, these same life science companies
offered their input to another, two-year master
programme at CBS so-called CBS-BIO, which is a
MSc-programme in Business Administration and
Bioentrepreneurship.
The programme is aimed at university students
from around the globe; CBS has exchange program-
mes with schools such as e.g. Nanyang Technical
University in Singapore.
Around 30 students were accepted to the newly
revised, two-year programme MSc Business
Administration and Bioentrepreneurship in 2020,
according to figures from CBS. Approximately half of
them were Danish – the remainder were from abro-
ad, and only few were from Norway and Sweden.
Another 45 students are expected to be accepted in
2024, as well as an additional three PhD students
and postdocs.
In the master programme, life science compa-
nies involved, such as Novo Nordisk, offer teach-
ing venues, and students will receive training and
knowledge in bioentrepreneurship at BioInnovation
Institute in Copenhagen.
The Novo Nordisk Foundation granted 6.5mn
crowns, or approx. €875 000, to support the master
programme in Business Administration and Bioen-
trepreneurship between 2021-2024.
CBS is also offering a MSc-programme in Busi-
ness Administration and Innovation in Health Care.
In 2020, around 50 students were admitted to the
programme, according to CBS.
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University
Examples of life science programmes
Faculty of Health and Medical Science and selected programmes the Faculty
of Science
Selected programmes at LTH, the Faculty of Medicine and the Faculty of
Science
e.g. biotechnology, quantitative biology and disease modelling
e.g. dentistry, specialist nursing and biomedical analysis
e.g. dental hygiene, nursing and health sciences
e.g. the programme Outdoor environments for health and well-being
MSc Business Administration and Bioentrepreneurship & MSc Business
Administration and Innovation in Health Care
Department of Sustainable Biotechnology
University of Copenhagen
Lund University
DTU
Malmö University
Kristianstad University
(HKR)
SLU Alnarp
CBS
Aalborg University in
Copenhagen
Total
Footnote: See appendix for a complete list of educational programmes at the respective institutions.
79
University of Copenhagen
87
Lund University
99
Technical University of Denmark
THREE OF SCANDINAVIA’S FOUR HIGHEST RANKED UNIVERSI-
TIES ARE IN THE ØRESUND REGION / MEDICON VALLEY
There are two Danish and two Swedish universities
among the 100 top universities on QS’ annual ranking
of around 1 300 higher learning institutions around the
globe, according to the 2022 list released in June 2021.
The best universities in Denmark and Sweden are in
the Øresund Region. The University of Copenhagen
ranks highest in Scandinavia at number 79, followed
by Lund University at number 87, the Royal Institute
of Technology in Stockholm at number 89 and the
Technical University of Denmark at number 99. Lund
University climbed ten places since the previous year,
while the University of Copenhagen fell three.
Placement of universities in Skåne and the
Copenhagen area (or with branches there) in QS’
ranking from 2022 (last year’s placement is in
parentheses):
University of Copenhagen: 79 (76)
Lund University: 87 (97)
Technical University of Denmark: 99 (103)
University of Southern Denmark: 309 (353)
Aalborg University: 326 (305)
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Erik Renström was appointed Vice-chancellor of Lund University this January and wants to establish a
structural collaboration in the life sciences that traverses the Øresund – but points out that unfortuna-
tely, the obstacles today are many; national research funding cannot be used across the Øresund, and
educational training programmes are bound by national regulations. He sees solid bottom-up enga-
gement in making collaboration between Lund University and the University of Copenhagen possible
however, and there are a multitude of active exchanges today, particularly within research.
advantages in Scandinavia. Securing funding for
each involved party is a recurrent challenge in this
respect, however. For example, the Novo Nordisk
Foundation is interested in contributing resources
from Denmark.
– One needs to try and conjure up a shared unit
with various funding typologies and structures in
each of the respective countries – that entails more
effort in addition to everything else, and the will to
do it together needs to be very strong in order for it
not to end in a lot of extra work, says Erik Ren-
ström, who hopes that the Wallenberg Foundations
will contribute funds to this particular project.
Joint online learning might become reality
in 2022
Collaborating on higher education programmes across
the Øresund is complicated, says Erik Renström.
– One is bound by national regulations and by
the universities’ own regulations, particularly when
it comes to training for professions such medical
doctors and nurses. While the conditions would
probably be in place for something inspiring if we
had new tools, it depends, once again, on what one
really wants to get done despite all the obstacles.
That is really the starting point, he says.
There is however one type of instruction between
multiple countries that Erik Renström would like to
see more of – so-called ”collaborative international
online learning”, where students and teachers from
Erik Renström,
Vice-chancellor of
Lund University.
The border issues to which Erik Renström refers
Today, Lund University has around 40 000 stu-
primarily concern the possibilities for transbor-
dents, 8 000 employees and operations in Lund,
der funding. In many EU contexts, he explains,
Malmö and Helsingborg. Although Lund Univer-
collaboration between the University of Copenha-
sity is ranked as Sweden’s most internationalised
gen and Lund University is basically impossible,
university and has the largest number of Danish
since the funding is conditional on partners from
students of all of the Swedish seats of learning,
different parts of Europe wor-
there remains unexploited
”Based on the sum of
king together. Nor can national
potential for collaboration
resources from Vinnova or the
between the universities
my experience, there
Wallenberg Foundations be used
in the Øresund Region,
is solid bottom-up en-
to involve collaborators from
according to Vice-chan-
Denmark.
cellor of Lund University
gagement.”
– I’m sorry to say that we
Erik Renström. He took
have many structural obstacles impeding collabora-
his post as Vice-chancellor in January 2021. His
tion. There are many challenges. Interreg-projects
biography includes a past as a doctor, a diabetes re-
are extremely valuable however, as we have a great
searcher at Novo Nordisk in Copenhagen and dean
deal of national projects in which we’d like to have
of Lund University’s Faculty of Medicine.
Danish partners, he says. Examples of current Inter-
Strong interest in working with the Univer-
reg-projects in life science research in which Lund
sity of Copenhagen
University and the University of Copenhagen are
both involved are ReproUnion and DiaUnion.
Today, Lund University and the University of Copen-
hagen work together on many projects in the life
Wants to establish structural collaboration
sciences, particularly research collaborations.
in the life sciences
– Based on the sum of my experience, there is
In spite of the structural obstacles, Erik Renström
solid bottom-up engagement. Many people from
hopes to be able to establish a structural life science
Lund University work with colleagues from the
University of Copenhagen or other Danish universi- collaboration with the University of Copenhagen.
– We need to identify topics that engage both
ties and vice versa, says Erik Renström
the Swedish and the Danish sides, and in which we
The collaborations are primarily in research, and
have good prerequisites to secure national funding,
usually between individual researchers and research
even if the project will be run as a joint endeavour,
groups. There are fewer collaborations on a structu-
he says.
ral level, says Erik Renström.
Several faculties of medicine in Scandinavia are
– The whole border problem comes into play,
currently working together in a collaboration on
and it does so recurringly. But it is important to
precision medicine. The hope is to join together
emphasise that in contexts that allow for greater
in that field and to reach a critical mass, and
flexibility – which is often the case in research –
thus be able to take advantage of the competitive
there are many active collaborations, he says.
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one country hold a course or parts of a course with
students and teachers from another country, and the
formal aspects of the course – such as exams – are
managed by the respective home institutions.
– When it comes to Danish universities specifi-
cally, we’re especially fortunate, as we can combine
online learning with real study visits – all of the
conditions are in place for it to be a very attractive
proposition, says Erik Renström, adding that this
is already done today on a small scale at Lund Uni-
versity. If everything goes as planned, he believes it
could be a reality between Lund University and the
University of Copenhagen by autumn, 2022.
PHOTO: NEWS ØRESUND
Lund University’s
main building.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
55
PHOTO: IKENNET RUONA - LUNDS UNIVERSITET
MANY OBSTACLES FOR LUND UNIVERSITY’S
TRANS-ØRESUND COLLABORATION – BUT NEW
VICE-CHANCELLOR WANTS STRUCTURAL LIFE
SCIENCE SYNERGIES
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RESEARCH: DIABETES
RESEARCH: DIABETES
PHOTO: NEWS ØRESUND
The Øresund Region is a globally leading
centre for diabetes research. There are
strong research teams at hospitals, univer-
sities, research centres and companies on
the Danish as well as the Swedish side of the
strait. Novo Nordisk in Zealand goes back to
1923 and is a pioneer when it comes to insu-
lin production as well as a global company
that now manufactures 50% of the insulin
produced worldwide and develops new and
modern drugs for treating diabetes.
Faculty of Health and Medical Scien-
ces at University of Copenhagen.
Parts of Lund University Diabetes Centre
are located at Medicon Village in Lund.
THE UNIVERSITY OF
COPENHAGEN
The majority of KU’s research in
the life sciences is conducted at
the Faculty of Health and Medi-
cal Sciences. 3 000 researchers
and 1 700 PhD students are
linked to the faculty. Diabetes
research is primarily conducted
at research centre established
with the help of donations from
the Novo Nordisk Foundation.
Novo Nordisk Foundation
Center for Basic Metabolic
Research (CBMR)
Founded in 2010 with donations
from the Novo Nordisk Foun-
dation. Focuses on diabetes,
obesity and more. More than 210
researchers are linked to the
centre.
Novo Nordisk Foundation Cen-
ter for Protein Research (CPR)
Founded in 2007 with a 600mn
DKK donation from the Novo
Nordisk Foundation and contri-
butions from KU.
Novo Nordisk Foundation
Center for Stem Cell Biology
(DanStem)
International research centre for
basic stem cell and develop-
mental biology founded in 2011
with a donation from the Novo
Nordisk Foundation. Today the
research aims to answer fun-
damental questions regarding
stem cells’ developmental bio-
logy in order to contribute new
types of treatment for cancer
and chronic diseases, including
diabetes.
THE REGIONS
• Capital Region of Denmark
A total of 493 researchers work
at Steno Diabetes Center Copen-
hagen (219), Rigshospitalet
(106), Herlev & Gentofte (106),
Nordsjælland (31), Amager &
Hvidovre (19) and Bispebjerg &
Frederiksberg (12)
• Region Zealand
Around 40 diabetes researchers
are linked to Region Zealand.
• Region Skåne
Around 25-30 diabetes research-
ers are linked to Region Skåne.
DIAUNION 1.0
The Interreg project
DiaUnion
brings together actors from
Sweden (Region Skåne and
Lund University) and Denmark
(Steno Diabetes Center, Capital
Region of Denmark and Novo
Nordisk Foundation) as well as
the Danish-Swedish project- and
network organisation Medicon
Valley Alliance in order to promote
research of Type-1 diabetes.
100 YEARS OF INSULIN
A team of Canadian researchers discovered the molecule
insulin in 1921. Two years later, they were awarded a
Nobel Prize. The discovery revolutionised healthcare
for diabetics. In 1922 the team also received a visit from
the Danish researcher couple Professor
August Krogh
(Nobel Prize winner for physiology/medicine in 1920)
and
Marie Krogh.
August Krogh acquired the rights to
produce insulin in Scandinavia, laying the foundation for
the listed company known today as Novo Nordisk and its
major owner, the Novo Nordisk Foundation.
PHOTO: NEWS ØRESUND
CITIES CHANGING DIABETES
The initiative
Cities Changing
Diabetes
was started by Steno
Diabetes Center Copenhagen,
Novo Nordisk and University
College London in 2014. Its aim is
to lower the incidence of Type-2
diabetes in cities. Today more
than 30 cities have joined the
project, including Malmö and
Copenhagen.
NOVO NORDISK
Today, half of the world’s insulin is manufactured by
Scandinavia’s largest pharmaceutical company, Danish
Novo Nordisk.
Novo Nordisk employs 45 000 people,
17 300 of whom work in Denmark. Novo Nordisk is a
merger between the two Danish companies
Nordisk
Insulinlaboratorium,
founded in 1923, and
Novo Tera-
peutisk Laboratorium
(the name was later changed to
Novo Industri), founded the following year by two former
employees of Nordisk Insulinlaboratorium.
MEDEON SCIENCE PARK &
INCUBATOR
• Science park focused on
diabetes
Diabetes is the primary focus
of the science park in Mal-
mö. Among other things, the
Medeon stipend of 50 000 SEK is
awarded annually as part of the
World Diabetes Day arrange-
ments in Malmö.
• Diabetes Alliance Sweden
A national network that brings
together actors from different
parts of the diabetes field. Foun-
ded in 2015, it now has 360 mem-
bers from 120 organisations.
LUND UNIVERSITY DIABETES
CENTRE)
Founded 15 years ago,
Lund Uni-
versity Diabetes Centre (LUDC)
now brings together 219 diabetes
researchers. Together with
diabetes research from Uppsala
University, LUDC’s research has
been designated as a national
strategic research area in the
initiative Excellence of Diabetes
Research in Sweden (Exodiab).
The research is conducted in
both Malmö and Lund.
NOVO NORDISK FOUNDATION
Via its subsidiary
Novo Holdings,
the Novo Nordisk
Foundation is the major shareholder of the publicly
traded company
Novo Nordisk
and
Novozymes
as well
as a shareholder in a number of other companies. The
Novo Nordisk Foundation was founded in 1989 when the
two foundations
Novo’s Fond
and
Nordisk Insulinfond
merged. The merger also meant that the two competing
Danish companies Novo Industri and Nordisk Insulinla-
boratorium united to become Novo Nordisk. Every year
the foundation distributes billions in grants, primarily
to support research, and invests in new companies via
Novo Holdings.
STENO DIABETES CENTER
EOPENHAGEN
Steno Diabetes Center
Copenha-
gen brings together around 220
diabetes researchers in clinical
and health promotion research
and offers treatment and training
in the field of diabetes. Steno
Diabetes Center is a collaboration
between the Danish regions and
the Novo Nordisk Foundation.
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RESEARCH: DIABETES
RESEARCH: DIABETES
A long tradition of collaboration in diabetes re-
search in the Øresund Region – complementary
research focuses create synergetic effects
Over a long time, the Øresund Region has grown to become a globally leading centre of diabetes
research. Insulin was discovered in Canada in 1921, and just two years later, the predecessor to Novo
Nordisk had been founded with the rights to manufacture and sell insulin in Scandinavia. Today, Novo
Nordisk is the world’s largest insulin-manufacturing company and it has multiple research- and ma-
nufacturing facilities, as well as headquarters in Zealand and offices in Malmö. In addition, world-class
diabetes research is carried out at Lund University, the University of Copenhagen and the research
centre Steno Diabetes Center Copenhagen. The research park Medeon in Malmö is responsible the
national network Diabetes Samverkan Sweden (Diabetes Alliance Sweden). There is a historical pre-
cedent for working together on diabetes research across the Öresund, spurred on in part by the fact
that Denmark and Sweden have had very different focus areas in research, which has created good
synergetic effects. In early 2020, the collaboration was formalised in the Interreg-project DiaUnion,
where the region’s various strengths are combined to develop a public screening programme for Type-
1 diabetes. The aim is to eventually be able to cure the autoimmune disease.
Novo Nordisk’s factory in Kalundborg was founded in 1969. 3 000 employees help produce half
of the world’s insulin here. The company has invested 18bn DKK in Kalundborg since 2000.
There are multiple centres that bring together
research and treatment in the field of diabetes in
the Øresund Region, for example Steno Diabetes
Center Copenhagen and Lund University Diabetes
Centre at Lund University. On the commercial
front, the insulin manufacturer and largest pharma-
ceutical company Scandinavia Novo Nordisk has its
global headquarters near Copenhagen in Bagsværd,
Swedish headquarters in Malmö and four research
facilities on the Danish side of Medicon Valley.
Diabetes research is also carried out at hospitals
in Region Skåne, the Capital Region of Denmark
and Region Zealand – the Danish regions count
more than 500 diabetes researchers. Via interviews
for this report, it becomes clear that there is a long
tradition of collaboration on diabetes across the
Øresund. Nonetheless, it wasn’t until early 2020
that the collaboration was formalised in a joint
project with the Interreg-project DiaUnion.
Europe’s first insulin was produced in Den-
mark in 1923 – and it was the start of Novo
Nordisk
The history of diabetes in the Øresund Region
goes back to Copenhagen in 1923, when a doctor
called Hans Christian Hagedorn, the Nobel Prize
winner August Krogh and the manufacturer August
Kongsted started Europe’s first insulin production.
Called Nordisk Insulin Laboratorium, it would later
become Nordisk Genftofte A/S. Following disputes
within the company, two former employees from
58
Nordisk Insulin Laboratorium – the two brothers
Harald and Thorvald Pedersen – started Novo Te-
rapeutisk Laboratorium, which later became Novo
Industri A/S. In 1989, the two companies found
their way back together and merged to become
Novo Nordisk A/S, thus becoming the world’s
largest manufacturer of insulin.
A long tradition of collaboration
As diabetes research is a major focus on both the
Swedish and Danish sides of the Øresund Region,
collaborating over the Øresund has also become na-
tural, as interviews for this report showed. Collabo-
ration has primarily been between individual clinics
and researchers.
– There used to be collaborations where
people did a project together, but there has never
been anything overarching, that brings everyone
together under one roof with a decision that it’s
something we want to do. There have been indivi-
dual projects, but otherwise people have stayed in
their own institutes or clinics, says Finn Kristian-
sen, project leader of the Interreg-project DiaUni-
on, which brings together multiple actors from the
field of diabetes in a collaborative research project
focused on Type-1 diabetes.
Flemming Pociot is head of research at Steno Di-
abetes Center Copenhagen and a DiaUnion partner,
and he also talks about a long tradition of research
collaboration. He was also an adjunct professor at
Lund University and has had many research projects
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
across the strait.
– I actually do believe that diabetes as a field
stands out when it comes to collaboration, and the-
re’s a solid tradition for that. Together, Copenhagen
and Malmö are an epicentrum for diabetes research,
and a lot of people work across the strait.
Geographic proximity and research areas
that complement each other
Geographic proximity is highlighted as one
factor that encourages collaboration across the
Øresund. Shared resources are another; for example,
there is a lot of clinical research on both sides of the
Øresund at the Clinical Research Center in Malmö,
which is part of the Institute of Clinical Studies at
Lund University.
– In Sweden there is a good combination of
clinical research and basic research in one place
with the Clinical Research Centre in Malmö; in
Denmark it’s more separated. Our research at Steno
Diabetes Center is primarily close to the clinical;
otherwise basic research is mostly carried out at
universities in cooperation with us, says Flemming
Pocriot from Steno Diabetes Center.
But what has made collaboration across the
Øresund so fruitful is that there have traditionally
been different focus areas in diabetes research in
Denmark and Sweden, which creates good synerge-
tic effects in collaborations.
– There is a long tradition of diabetes research on
both sides of the strait, and I would say that on the
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Danish side, we’ve concentrated on the insulin-pro-
ducing cell for many years and tried to understand
why the immune system destroys it and whether we
can alter that somehow. Sweden’s strength is that
they have been faster when it comes to researching
in a clinical setting and getting involved in interna-
tional projects where the focus is on longer periods
prior to the disease emerging, says Flemming Pocrit.
DiaUnion brings together actors against
Type-1 diabetes
The complementary research areas were also one
of the reasons why the Interreg-project DiaUnion
started up in early 2020.
– Our expertise in the Øresund Region overlaps
to a certain extent – but for the most part each side
complements the other extremely well. People can do
something in Denmark that they can’t do in Sweden
and vice versa, and that’s something that’s been in
focus for many years, but until DiaUnion there was
never any more formal collaboration set up between
the two research groups on either side of the Øre-
sund, says project leader Finn Kristiansen.
The three-year project brings together Steno
Diabetes Center, the Capital Region of Denmark,
Medicon Valley Alliance, Region Skåne and Lund
University, and it is funded by Interreg and the
Novo Nordisk Foundation. The project focuses on
Type-1 diabetes, which is an autoimmune disease;
that means that the cells that produce insulin are
destroyed by the body’s immune system.
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RESEARCH: DIABETES
RESEARCH: DIABETES
Novo Nordisk’s headquarters in
Bagsværd near Copenhagen.
Pharmaceutical giant Novo Nordisk has
headquarters and four research centres in
the region
With 16 800 employees at the company’s headquar-
ters as well as manufacturing- and research facilities
in Zealand and 75 employees at the company’s
Swedish offices in Malmö, Novo Nordisk is Scandi-
navia’s largest pharmaceutical company. Of the 16
800 employees in Zealand, 206 commute from the
Swedish side of the Øresund. Four of Novo Nord-
isk’s total of 12 research facilities are in Zealand. The
60
Novo Nordisk Foundation Center for Basic
Metabolic Research (CBMR)
Started in 2010 at the Faculty of Health and Medi-
cal Sciences at KU with the help of a donation from
the Novo Nordisk Foundation in the amount of
885mn DKK. The centre received another dona-
tion in the amount of 700mn DKK in 2018. The
centre’s vision is: ”To strengthen interdisciplinary
research that transforms the basic understanding of
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Faculty of Health and Med-
ical Sciences, University of
Copenhagen
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
61
PHOTO: NEWS ØRESUND
– We have no explanation for why people de-
velop Type-1 diabetes, and that is what we want to
learn more about. People are working on it on both
sides of the Øresund: in Denmark there is a strong
focus on genetics, and in Sweden there is a great
deal of experience with screening; these are two
things that we’re seeking to align. We want to try to
collaborate on other autoimmune diseases in order
to make some progress, says Finn Kristiansen.
The other two autoimmune disorders being
investigated are celiac disease (gluten intolerance)
and thyroiditis (inflammation of the thyroid gland).
A pre-study is being done right now to see whether
it’s possible to screen children for all three diseases
simultaneously. The hope is that the pre-study will
become a public screening programme for determi-
ning who is at risk of developing the diseases and in
which bracket of time that will happen. Read more
about DiaUnion on pages 64-65.
largest of them is located in Måløv, 18km northwest
of Copenhagen. The three other facilities are near the
headquarters in Bagsværd, in Søborg and in Hillerød.
There are e.g. early drug discovery laboratories and
facilities for production upscaling in Måløv, and drug
candidates are developed, formulated and manu-
factured for pre-clinical and clinical testing in Bags-
værd. The focus at the research centre in Søborg is on
late-stage development across all therapy areas, and
the centre in Hillerød is an innovation hub and the
company’s key location for pioneering new medical
devices and delivery technologies.
Over the past two years, Novo Nordisk has made
additional investments in Måløv and Kalundborg.
Two years ago, the company invested two billion
crowns in its insulin factory in Kalundborg, where
half of the world’s insulin is manufactured. In early
2021, Novo Nordisk also announced its plan to
invest 500mn DKK in its production facility in
Måløv in order to meet the future demand for the
diabetes pill Rybelsus, which has been approved by
pharmaceutical authorities in the USA, Europe and
Canada in the past two years.
Malmö-based science park Medeon focuses
on diabetes – but would like more commer-
cial collaboration across the strait
Back in 1985, Medeon Science Park & Incubator
in Malmö were Sweden’s first science park focused
on the life sciences. Today, diabetes is one of its
main areas of focus. Medeon helped put Malmö on
the map when it comes to diabetes, for example by
starting up the national network Diabetes Sam-
verkan Sweden, or DSS. Today, DSS has around
360 members from more than 120 organisations
in the industry, academia, the healthcare sector and
patient organisations in order to strengthen innova-
tion potential, develop startups in the field, generate
new collaborations and more. Medeon is also part
of the programme Cities Changing Diabetes and
works with the Lund University Diabetes Center
(LUDC), for example in the annual joint arrange-
ment World Diabetes Day, at which Medeon also
awards its annual 50 000 SEK stipend to a diabetes
researcher.
As far as Medeon’s collaborations across the
Öresund are concerned, commercial co-operations
are currently rather limited; reasons for this include
that there are not as many small companies in
diabetes on the Danish side as in Sweden, which is
also a question of resources, according to Medeon’s
CEO Ulf G. Andersson.
PHOTO: NEWS ØRESUND
Diabetes research at the University of Copenhagen
Numerous centres at the Faculty of Health and Medical Sciences conduct research in diabetes and
other fields. Many of them have been established with the help of donations from the Novo Nordisk
Foundation. Read more about four selected research centres below.
Novo Nordisk Foundation Center for Protein
Research (CPR)
Novo Nordisk Foundation Center for Protein
Research (CPR) was established in 2007 thanks to
a 600mn DKK donation from the Novo Nordisk
Foundation and contributions from the University
of Copenhagen (KU). The centre is a part of the
Faculty of Health and Medical Sciences at KU. In
2015, the centre received another 180mn DKK do-
nation from the Novo Nordisk Foundation, which
granted an additional 700mn DKK in 2019 to
finance the five following years. There are research
groups in the fields of diabetes and cancer at the
centre. Most of the cancer research conducted at the
centre is basic level, but there is also translational
research. CPR has 235 employees; 160 of them are
researchers, 50 are research assistants, and 15 work
in administration.
Novo Nordisk Foundation Center for Stem
Cell Biology (DanStem)
DanStem is an international research centre for
basic stem cell and developmental biology instituted
in 2011 at the Faculty of Health and Medical Sci-
ences at KU via a donation from the Novo Nordisk
Foundation. Today, it aims to answer fundamental
questions regarding stem cells and developme-
ntal biology in order to contribute new types of
treatment for cancer and chronic diseases, including
diabetes. The centre is currently running two larger
scale strategic translational research programmes
in diabetes and haematological cancers. Basic and
translational research are also conducted in the field
of reproduction. The centre has 241 employees, 194
of whom are researchers/research students.
the mechanisms involved in metabolic health and
disease, and to accelerate this knowledge toward
new prevention and treatment strategies”. The
centre focuses on basic metabolic research, inclu-
ding obesity and diabetes. There are 210 researchers
linked to the centre today.
Biotech Research and Innovation Center
(BRIC)
A research centre at the Faculty of Health and
Medical Sciences at KU. BRIC was founded by
the Danish Ministry of Science, Technology and
Innovation in 2003 with the aim of creating an
elite research centre. There are 250 researchers and
a number of research students at BRIC. Whi-
le BRIC’s primary research focus is on cancer,
followed by neurological disorders, a number of
projects also deal with metabolic diseases – one of
which is diabetes.
BRIC is involved in multiple collaborations
across the Øresund, and most of the collaborations
are within specific research projects. As a centre
for example, BRIC works with a Swedish professor
by the name of Sara Ek, who is a member of their
advisory board and on the selection committee for a
H2020 Marie Curie project. BRIC is also working
with Medicon Valley Alliance (MVA) on another
Marie Curie-project, and MVA is helping spread
knowledge about the project and its results.
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RESEARCH: DIABETES
RESEARCH: DIABETES
Steno Diabetes Center Copenhagen
Steno Diabetes Center Copenhagen brings together around 220 diabetes researchers in clini-
cal- and health promotion research and offers treatment and training in the field of diabetes. The
centre has a long history that goes back to the founding of Novo Nordisk. Research at the centre
has long since had links across the Øresund, and its involvement in the Interreg-funded project
DiaUnion has made the collaboration more concrete and brought research across the strait to a
new level, says Flemming Pociot, who is head of research at Steno Diabetes Center Copenhagen
and a professor at the University of Copenhagen.
Steno Diabetes Center Copenhagen goes back to
1932, when Nordisk Insulin Laboratorium (NIL)
– known today as Novo Nordisk – founded Niels
Steensens Hospital in Copenhagen. Niels Steensens
Hospital admitted patients from all over Scandina-
via, although most were Danes with Type-1 diabe-
tes. Treatments were permeated with a holistic view
of patients’ lifestyles, and diet and exercise played
an important role. The hospital also started a colla-
boration with the public healthcare system, which
was unique at the time, and through donations
from the Nordisk Insulin Foundation – today the
Novo Nordisk Foundation – many of the patients
received treatment free of charge.
The merger that made Novo Nordisk set
Steno Diabetes Center in motion
About ten years earlier, in 1923, Europe’s first
insulin production had been started by a doctor
called Hans Christian Hagedorn, the Nobel Prize
winner August Krogh, and the manufacturer
August Kongsted. It was called Nordisk Insulin
Laboratorium, and would later become Nordisk
Gentofte A/S. Following disputes within the
company, two former employees from Nordisk
Insulin Laboratorium – the two brothers Harald
and Thorvald Pedersen – started Novo Terapeutisk
PHOTO: THE NOVO NORDISK FOUNDATION
Laboratorium, which later became Novo Indu-
stri A/S. In 1989, the two companies reunited
and merged to become Novo Nordisk A/S, thus
becoming the world’s largest manufacturer of
insulin. Two years after the merger, Niels Steensens
Hospital merged with Hvidøvre Hospital, which
was owned by Novo Industri A/S at the time. The
merger meant that more research labs and clinics
were added to Niels Steensens Hospital, whose
name was changed to Steno Diabetes Center.
Steno Diabetes Center is now in all Danish
regions thanks to donations from the Novo
Nordisk Foundation
The centre continued to develop; in 1991 for ex-
ample, an educational unit was created to allow re-
search results to be transferred to training of health
personnel, and in 2010, the humanistic-oriented
research unit Sundhedsfremme (Health promo-
tion) was founded. Sundhedsfremme works for
diabetes prevention.
The collaboration between Steno Diabetes Cen-
ter and publicly-funded healthcare has continued
until today, and there is now a Steno Diabetes
Center in every region in Denmark – an initiative
made possible by donations from the Novo Nordisk
Foundation. Steno Diabetes Center thus became
Steno Diabetes Center Copenhagen in early 2017,
and the regional diabetes centres throughout the
country were founded between 2018-2019.
Clinical and health-promoting research
brings together 220 researchers
Steno Diabetes Center Copenhagen currently has
two primary research focuses: clinical research
and research on promoting health. A total of 219
researchers are linked to the centre, according to
the Capital Region of Denmark. Research is con-
ducted in close collaboration with the University
of Copenhagen, where a large part of the basic
research is carried out.
Lund University Diabetes Center
Lund University Diabetes Centre (LUDC) was founded 15 years ago, and there are 219 diabetes resear-
chers there today. Together with diabetes research from Uppsala University, LUDC’s research has been
designated as a national strategic research area in the initiative Excellence of Diabetes Research in
Sweden (Exodiab). The research is conducted in Malmö and Lund.
In 2006, diabetes researchers at Lund Univer-
sity received a ten-year ’Linné Grant’ from the
Swedish Research Council. That was the start of
the Lund University Diabetes Center (LUDC),
but diabetes research has long since been reco-
gnised as one of Lund University’s strong areas of
research. Already back in 1997, a research group
was granted the status ”Centre of Excellence” by
the Wallenberg and Juvenile Diabetes Research
Foundation for a larger scale research project
that continued until 2003. The distinction laid
the foundation for a number of other important
research contributions. Many other initiatives in
diabetes research have since taken place at LU;
for example, the academic network the Diabetes
Programme at Lund University (DPLU) was
established in 2003 to augment research and ge-
nerate research collaborations, primarily between
young researchers; this eventually led to LUDC
receiving the Linné Grant in 2006.
Designated national strategic research area
in 2009
In 2009, the government designated LUDC’s diabe-
tes research in collaboration with Uppsala Uni-
versity as a strategic research area under the name
Exodiab. A total of ca 430 people are employed in
Exodiab (310 in Lund and 120 in Uppsala). The in-
itiative is financed with 30mn crowns annually, and
its aim is to develop new treatments and drugs that
can prevent or cure diabetes. Researchers in Exodiab
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
have access to e.g. globally leading biobanks for
diabetes research as well as the Human Tissue Lab,
where insulin-producing cells from humans, liver-
and muscle tissue and fat can be studied.
Research in Lund and Malmö
Research at LUDC is conducted in both Lund and
Malmö. At the Clinical Research Center (CRC) in
Malmö, basic research is combined with clinical re-
search. A robot by the name of Hamilton is a recent
addition to the centre. One of three of its kind in
the world, it can simultaneously analyse multiple
different antibodies remarkably faster than previo-
usly. Among other things, the new robot will be
used in the screening for diabetes, celiac disease and
thyroiditis planned within Øresund collaboration
and the Interreg-project DiaUnion. The two other
robots that use the same technology are located at a
lab in California.
Close collaboration with the industry
Diabetes research at LUDC is also conducted in
close collaboration with the industry in the colla-
borative project LUDC-IRC. Other partners are
Region Skåne, Follicum AB, Probi AB, Pfizer, John-
son & Johnson Innovation and Novo Nordisk. The
goal of the project is to develop tailored treatments
for Type-2 diabetes by using the biobanks and tissue
samples available in LUDC. The project has recei-
ved 100mn crowns from the Swedish Foundation
for Strategic Research.
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RESEARCH: DIABETES
HIS SON’S DIABETES MADE HIM WANT TO PUSH
RESEARCH FORWARD – AND IT WAS THE BEGIN-
NING OF THE DIAUNION PROJECT
Started in 2019, the Interreg project DiaUnion 1.0 has brought together many actors in the Øre-
sund Region to improve understanding of why Type-1 diabetes occurs, as well as to establish a
joint screening program to identify those at risk of developing the disease. The goal is to be able to
offer preventative treatment as early as possible and, in the future, to contribute to preventing the
disease entirely. Research expertise on both sides of the Øresund complements each other well, and
collaboration has worked perfectly to date, says Finn Kristensen, who initiated DiaUnion 1.0 and now
manages the project.
mark, Lund University, and Steno Diabetes Center
Copenhagen. In addition to the supplementary
grant, the Novo Nordisk Foundation also became
a financier, contributing €250 000. As of now, the
project is set to continue until September 2022, and
discussions are already underway about how the
collaboration may be developed in the future; the
working name is DiaUnion 2.0.
The drive to improve understanding of the
disease’s origin
Expertise in diabetes research on both sides of the
Øresund complements each other well, and the
research in DiaUnion is based on that expertise, says
Finn Kristensen.
– Type-1 diabetes is an autoimmune disease, and
lifestyle has absolutely nothing to do with whether
or not one develops it. We have no explanation for
why people get Type-1 diabetes, and we want to learn
more about it. People are working on it on both sides
of the Øresund: in Denmark there is a strong focus
on genetics, and in Sweden there is a great deal of
experience with screening; these are two things that
we’re seeking to unite, says Finns Kristensen.
Concretely speaking, this is being done through
collaborations on two other autoimmune diseases:
coeliac disease (gluten intolerance), and thyroiditis
(inflammation of the thyroid gland). These three
diseases share risk genes, meaning that there are
shared mechanisms in the body that lead to their
Finn Kristensen,
project manager
DiaUnion
Medicon Valley Alliance – which has a coordinating
When Finn Kristensen’s son was diagnosed with
role in ReproUnion – became involved in the plans,
Type-1 diabetes, he felt he needed to do everything
and they decided to seek funding via Interreg. They
in his power to help research move forward. He put
also turned to the regions, to get them on board the
his career as a civil engineer on hold and instead
project.
started working with the international non-profit
– We found that interest was strong and there
organisation Juvenile Diabetes Research Foundation
were great opportunities to work
(JDRF), which he started
up in Denmark and
”I can say quite simply
on the project. We started out
informally, looking at what we
headed until 2017. Via
could do to develop a project
the organisation, he beca-
that the collaboration
believed
me aware of the research
has worked absolutely
together that we receivinghad
good chances of
funding
expertise on both sides
perfectly.”
from Interreg and the regions.
of the Øresund Region,
We knew that the regions’ interest
and the idea to gather the
was strong when it came to promoting development
region’s actors in a joint project was born.
projects on diabetes, he says.
– I initiated a more formal collaboration. There
have been individual collaborations in diabetes
An uncommon path to funding
between Sweden and Denmark in the past, but no
To begin with, the DiaUnion project had a total
one had formed a group and formulated a common
budget of one million euros, half of which was from
objective previously, says Finn Kristensen, who is
Interreg. The initial ambition had been to bring in
now DiaUnion’s project manager.
two million euros, but the Interreg funds for inno-
After a year of collaboration between the actors, his
vation projects had been exhausted.
conclusion is that the collaboration has worked well.
– We revised the original plan as a one million
– I can say quite simply that the collaboration has
euro-project that we could start in January 2020.
worked absolutely perfectly. There has been a great
Our attention was then drawn to the fact that
positive drive to pool our strengths from the very
funding was still available for other types of projects
beginning, and I find that everyone’s contributions
in the Interreg-programme – funds that risked not
have been incredible, and everyone has been willing
being distributed because the demand was too low.
to share their knowledge and follow up. It could not
Following productive discussions with Interreg
have been better; I see it as a huge success, says Finn
and other central actors regarding the possibility to
Kristensen.
transfer funds between the various priorities, we were
ReproUnion inspired the Interreg project
able to apply for a supplementary grant that we were
lucky enough to receive, says Finn Kristensen.
In order to realise his idea, Finn Kristensen turned
The foundational project was coordinated by
first to the Novo Nordisk Foundation, which tipped
Medicon Valley Alliance. Besides Interreg, it was
him off on a project with similar ambitions in the
funded by Region Skåne, the Capital Region of Den-
field of reproduction called ReproUnion. After that,
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emergence. In spite of that, they manifest in very
different ways; for that reason, doctors and research-
ers have not shared information and experiences to
a broader extent previously.
– Another advantage of looking at all three diseases
simultaneously is that we can screen for all three at the
same time. That means that we can streamline the work
of tracing who is at risk of being affected by these dise-
ases and prevent or delay their emergence. The primary
goal is to be able to determine who is in the risk group,
follow them and prevent the disease from developing –
or at the very least delay its development, he says.
FACTS: DIAUNION 1.0
The Interreg project DiaUnion brings together actors
from Sweden (Region Skåne and Lund University)
and Denmark (Steno Diabetes Center, Capital Region
of Denmark and Novo Nordisk Foundation) as well as
the Danish-Swedish project- and network organi-
sation Medicon Valley Alliance in order to promote
research of Type-1 diabetes. DiaUnion 1.0 will be
ongoing from January 2020 to September 2022. The
hope and aim is to discover more about why the
autoimmune disease develops and to establish a
screening programme on both sides of the Øresund
to identify special risk genes that reveal who is at
risk of developing Type-1 diabetes in the future and
providing treatment as early as possible.
Research in the project focuses in part on in-
creasing knowledge about the biomarkers that are
linked to an increased risk of developing Type-1
diabetes and adding other biomarkers to improve
filters and thus better predict who runs a high risk
of developing the disease and when it might be
expected to emerge. The next stage is to use the
research on biomarkers in a screening in which
children will have an opportunity to be screened
for Type-1 diabetes, coeliac disease and thyroiditis
in a pre-study for the upcoming project DiaUnion
2.0. The goal of the upcoming DiaUnion 2.0, expec-
ted to start in 2022, is to screen newborns for the
three autoimmune diseases and follow them for
an extended period in order to see which of them
develop diseases and to be able to implement
preventative treatments in an early stage. Two PhD
students have been employed for the project, and
the entire research group meets on a weekly basis
to report and discuss results.
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RESEARCH: DIABETES
RESEARCH: DIABETES
“BRINGING IN PARTNERS TO BOOST RESEARCH VIA
COLLABORATION HAS BEEN AN ENORMOUS SUCCESS”
Daniel Agardh researches autoimmune diseases at Lund University and is a practi-
sing paediatrician at Skåne University Hospital. Part of the research he conducts is
within the project DiaUnion, where he is responsible for research on Swedish turf.
– This project makes me feel there is great hope for the future. I have found that
bringing in external partners to boost research to new levels through collabora-
tion has been an enormous success so far, he says.
– I see huge benefits to be had by using st-
rengths on both sides of the Øresund to carry
out the project. Together, Malmö and Copenha-
gen are a very large region with great opportu-
nities to join together and do excellent research,
says Daniel Agardh.
He finds that the collaboration between the
parties in DiaUnion works very well. In practice,
this means that e.g. the PhD student Sara Juul
has been employed at Steno Diabetes Center
Copenhagen to investigate biomarkers for Type
1 diabetes and their development, and postdoc
Alexander Lind has been given a position at
Lund University where he studies how these
biomarkers can be used more for a future
screening. They then discuss their results with
the senior researchers. In addition to Daniel
Agardh, these include Flemming Pociot from
Steno Diabetes Center Copenhagen and Åke
Lernmark from Lund University Diabetes Centre
(LUDC). Although the coronavirus pandemic has
made it more difficult to meet in person, the
collaboration has continued smoothly, and the
physical meetings have been replaced by video
conference calls, says Daniel Agardh.
He also points out that the design of the colla-
boration has been a success factor for the project,
and he emphasises how important the roles of
project coordinator Finn Kristiansen and Medicon
Valley Alliance’s CEO Petter Hartman have been.
– The collaboration is very good, and Finn
Kristensen is behind that – he’s a phenomenal
organiser who keeps everything together when
the rest of us are busy doing other things. He
makes sure that we stay in touch and arranges
meetings with everyone from Novo Nordisk
to patient associations. He has been able to
bring in external parties, and then we bring our
expertise, says Daniel Agardh. He emphasises
that conducting a good study goes far beyond
just research.
– There are so many other puzzle pieces that
need to be in place, for example contact with
politicians. In that respect I’d like to mention
Petter Hartmann (MVA’s CEO), who is fantastic
at bringing contacts together via his network;
as researchers, we wouldn’t be able to do it,
because we simply don’t have those contacts.
In addition to the exchange of experiences,
expertise and strengths, trans-Øresund collabo-
ration also provides a greater base for research,
which in turn means that research moves for-
ward at a faster pace, says Daniel Agardh. While
the collaboration between Danish and Swedish
researchers has worked well within the DiaUni-
on project, certain differences in the countries’
legislation have become more apparent.
– What I’m seeing are small differences in
legislation regarding whether or not certain
research can be conducted. I see it as a chal-
lenge rather than a weakness, and there are
opportunities to use the difference to actually
make changes where things didn’t work befo-
re. Some things are very challenging however,
such as conducting a screening on both sides
of the Øresund; since it isn’t as common in
Denmark, getting ethical approval can be
difficult, says Daniel Agardh.
PHOTO: JOHAN PERSSON
“NOW THAT WE’RE IN DIAUNION, WE HAVE BOTH FUNDING
AND TIME – IT USED TO BE SOMETHING WE HAD TO FIND
TIME FOR ON THE SIDE”
Flemming Pociot is a professor at the University of Copenhagen and head of
research at the Steno Diabetes Center Copenhagen. As he sees it, research
collaboration has become more concrete and moved up on the agenda since
the establishment of DiaUnion. Copenhagen and Malmö have developed into an
epicentre for diabetes research, and there is a great deal of activity across the
Øresund, which can largely be explained by the complementary expertise found
on either side of the strait, he says.
– Both sides have a long tradition of diabetes
research; our strengths on the Danish side are
that we’ve focused on insulin-producing cells
for many years and sought to understand why
they are destroyed by the immune system and
whether we can change that somehow. The
strength on the Swedish side is that they are
faster when it comes to conducting clinical
research and getting involved in international
projects that focus on longer periods before
people have the disease, says Flemming Pociot,
who is a professor at the University of Copen-
hagen and head of research for the research
group Translational Type 1 Diabetes Research
in clinical research at the Steno Diabetes Cen-
ter Copenhagen.
He adds that the model for diabetes research
on the Swedish side of the Øresund, where both
basic and clinical research are gathered at the
Clinical Research Center (CRC) in Malmö, is
a more favourable research model than the
one used on the Danish side; there, clinical
research is located at the Steno Diabetes Cen-
ter Copenhagen, and a large part of the basic
research conducted is done at the University of
Copenhagen.
As a former adjunct professor at Lund Uni-
versity, Flemming Pociot has a broad network
and good familiarity with diabetes research
on the Swedish shores of the Øresund. He has
been researching the emergence of Type-1 di-
abetes, which is one of DiaUnion’s focus areas,
for the past 25 years, and he has had a series
of collaboration in research, but it wasn’t until
the Interreg-funded project DiaUnion that the
Øresund collaboration became more concrete
and more highly prioritised.
– When the opportunity arose to formalise
the collaboration – because it has never been
done before, with joint funding and a shared
structure, although it has existed for years – it
was a fantastic prospect. It also helped that
we know the Swedish partners, we know what
they represent and how we can best help each
other and in doing so get as much as possible
out of the collaboration, he says. He continues:
– Before we became part of DiaUnion, the
collaboration depended more on whether we
made the right agreement with the right pe-
ople, and because it hadn’t been formalised,
the priorities were different. Now that we’re
part of the project, we have both funding and
time – and we can do the things we want to
get done. It used to be that we had to find time
for them on the side.
As he sees it, the Øresund collaboration
works well, but he would like to see it be
easier for PhD students to split their research
training between the two countries.
– It would make a lot of sense in a lot of
research projects, he says.
PHOTO: LIZETTE KABRÉ
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RESEARCH: ONCOLOGY
RESEARCH: ONCOLOGY
ROSKILDE UNIVERSITY
Here, researchers at the Depart-
ment of Science and Environme-
nt have for example collaborated
with Zealand University Hospital
to develop models for more
effective and more individual tre-
atments for cancer of the blood.
Focus: Cancer research
Cancer research is carried out in many
universities, hospitals and research
centres in the Øresund Region. There
are frequently collaborations between
individual researchers and research
groups across the Øresund strait. A
selection of cancer research environ-
ments are presented below.
MALMÖ UNIVERSITY
• Department of Biomedical
Science at the Faculty of Health
and Society
Experimental and clinical cancer
research is conducted by around
ten employees. These include
PhD students, post-docs, lectu-
rers and professors. In addition,
students are also involved in
research projects.
LUND UNIVERSITY
• Lund University Cancer Center
(LUCC)
LUCC is at the core of Lund Uni-
versity’s cancer research. More
than 600 researchers are linked
to the centre. Read more about
LUCC on page 76-77.
• CREATE Health
A strategical research centre for
translational cancer research
at LTH School of Engineering
in Lund, and also part of LUCC.
The centre is unique in that
researchers from four different
faculties at Lund University are
at home here (LTH, the Faculty
of Medicine, the Faculty of Social
Sciences and the Faculty of
Science.)
• The European Cancer Moons-
hot Lund Centre
The international collaborative
project Cancer Moonshot was
initiated by the National Cancer
Institute in the USA, and the
project’s European centre is in
Lund. Research there focuses on
identifying proteins in melanoma
tissue, and it is conducted at the
Biomedical Centre (BMC).
KRISTIANSTAD UNIVERSITY
TECHNICAL UNIVERSITY
OF DENMARK (DTU)
Cancer research at DTU is con-
ducted at e.g. DTU Health Tech.
The department recently recei-
ved a 37.7mn DKK grant from
the Novo Nordisk Foundation
to establish an interdisciplinary
research centre where they will
transform CAR T-cell therapy for
treating solid cancer tumours.
SWEDEN CANCEROME ANALY-
SIS NETWORK - BREAST
• Sweden Cancerome Analysis
Network – Breast (SCAN-B)
The Øresund Region’s largest
breast cancer research project.
The collaboration started in
2010. Since then, tissue samples
have been collected from 17 000
people and analysed at SCAN-
B-labbet in Lund. In addition
to Lund University and SUS,
a number of other hospitals
in southern Sweden are also
involved.
THE DANISH CANCER SOCIETY
Denmark’s national cancer foun-
dation the Danish Cancer Socie-
ty is located in Copenhagen. It
has its own research institute in
Copenhagen with 250 research-
ers and research students from
46 different countries.
UNIVERSITY OF COPENHAGEN
The majority of KU’s research
in the life sciences is conducted
at the Faculty of Health and
Medical Sciences. 3 000 resear-
chers and 1 700 PhD students
are linked to the faculty. Cancer
research is for example carried
out at these two research
centres:
• Biotech Research & Innova-
tion Centre (BRIC)
BRIC’s focuses are biomedical
basic research in cancer and
neurological and metabolic
diseases and disorders. 250 re-
searchers who primarily, though
not exclusively, work with cancer
are linked to the centre.
• Novo Nordisk Foundation
Center for Stem Cell Biology
(DanStem)
International research centre for
basic stem cell and develop-
mental biology, founded in 2011
with a donation from the Novo
Nordisk Foundation. Today the
research aims to answer fun-
damental questions regarding
stem cells developmental bio-
logy in order to contribute new
types of treatment for cancer
and chronic diseases, including
diabetes.
Three researchers work in on-
cological research. They are at
the departments of biomedicine,
physical therapy and nursing,
respectively.
THE REGIONS
The Capital Region of Denmark,
Region Zealand and Region Skå-
ne count a total of 600 cancer
researchers. Note that some
of these researchers are also
linked to the universities.
• The Capital Region of Denmark
438 researchers at Rigshospi-
talet (321), Herlev & Gentofte
(74), Bispebjerg & Frederiksberg
(27) and Amager & Hvidovre (5),
Nordsjælland Hospital (11)
• Region Zealand
Around 50 cancer researchers.
• Region Skåne (Skåne Univer-
sity Hospital; SUS)
95-100 cancer researchers.
DANISH NATIONAL RESEARCH CENTRES
There are 11 research centres for cancer in Denmark. They were
founded in 2016 in collaboration with the Danish Cancer Society,
Danish Comprehensive Cancer Center (DCCC) and the regions
themselves. Many of the centres are based in Zealand.
• COMPAS – Danish Research Center for Equity in Cancer
Steered from Zealand University Hospital in Næstved; research
is based at research institutions and hospitals all over Denmark.
• Danish Research Center for Precision Medicine in Blood Cancer
Based at the Biotech Research & Innovation Centre (BRIC) at the
University of Copenhagen (KU); research is conducted in collabo-
ration with all five Danish regions.
• DCCC Danish Center for Targeted treatment of Primary Brain
Tumors
Founded in 2020 at the Department of Oncology at Rigshospitalet
in collaboration with researchers from e.g. BRIC at KU.
• National Center for Cancer Immune Therapy (CCIT-DK)
CCIT-DK is located at Herlev Hospital and is a centre for expe-
rimental, translational, and clinical collaborations in the field of
cancer immunology and cancer immunotherapy.
• CASTLE – Cancer Survivorship and General Late Effects
The centre is located at Rigshospitalet and focuses on late ef-
fects such as anxiety and depression in cancer patients.
TWO PRIVATE CLINICS AT
MEDICON VILLAGE IN LUND
• Peritus Clinic
A private specialist clinic at
Lund’s Medicon Village focused
on cancer treatment and resear-
ch, primarily in urology. Opened
in 2020. One of Sweden’s first
private cancer clinics.
• A new clinic for treating can-
cer that affects
will be founded
at the science park Medicon Vil-
lage in Lund. The clinic is being
financed with private funds from
Hans and Julie Rausing, who are
donating £20mn, or approxima-
tely a quarter of a billion SEK.
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RESEARCH: ONCOLOGY
RESEARCH: ONCOLOGY
Broad unexploited potential in the Øresund
Region’s oncological research
There are strong cancer research environments on both sides of the Øresund. Nonetheless, few
formalised collaborations in cancer research exist across the Øresund; collaborations are instead
largely driven by individual initiatives and personal networks. Structural obstacles, national research
funds that may not be utilised for transborder projects, a lack of time and of knowledge about what
is available on the other side of the Øresund have all been highlighted as reasons why the collabo-
rations are not more firmly established. One exception is the Interreg-funded collaborative project
iCope, where researchers from both sides of the Øresund work together in the field of childhood
cancer with the aim to establish a permanent centre in the region.
Research collaboration is largely driven by
There are multiple oncological research centres in
individuals and personal networks
the Øresund Region. For instance, Lund University
Collaborations in cancer research in the Øresund
(LU) brings together around 600 researchers at
Region are mainly smaller scale undertakings
Lund University Cancer Center (LUCC), and the
brought about by individual initiatives and personal
strategical centre for translational cancer research
networks, resulting in collaborations between indi-
Create Health is at LTH School of Engineering, also
vidual researchers, research groups or clinics.
in Lund. In addition, the research group Cancer
The cancer researchers interviewed for this report
Moonshot Lund conducts research within the inter-
have or have had collaborations across the Øre-
national project Cancer Moonshot. On top of that,
sund, but these have been via their research groups
research is undertaken at Skåne University Hospital
and individual collaborations.
in Lund and Malmö, often
”As a researcher, one’s
Kristian Pietras is a professor
with universities.
at Lund University and former
On the other side of the
demands are often
coordinator of the Lund Uni-
bridge, cancer research is
extremely specific, and
versity Cancer Center and he
conducted at the Univer-
works with e.g. research groups
sity of Copenhagen (KU),
you choose the colla-
from BRIC at the University
especially at the Faculty
borations that give
of Copenhagen, and his own
of Health and Medical
research group also includes
you the most.”
Sciences. One research
Danish employees. Head of
centre there is the Biotech
research at the Danish Cancer Society Mef Nilbert
Research & Innovation Centre (BRIC) where 250
has professor titles from both sides of the Øresund:
researchers focus primarily on studying cancer. The
she is a professor at KU and a visiting professor
university also works with hospitals in the Capital
at LU. Carl Borrebaeck is a professor at LU and a
Region of Denmark, at which 438 people work
serial entrepreneur and has multiple collaborations
in cancer research – most of them at the Center
established on the Danish side of the strait. The
for Cancer- and Organ Diseases at Rigshospitalet,
majority of the other research institutes also report
and with Region Zealand, where around 50 people
that they collaborate across the Øresund, but on a
conduct cancer research. Denmark’s national cancer
smaller scale – between individual researchers and
foundation, the Danish Cancer Society is located
research groups or as part of larger Nordic projects.
in Copenhagen. Unlike its Swedish counterpart the
Swedish Cancer Society, the Danish Cancer Society
The right collaboration is more important
has its own research institute. The research institute
than geographic proximity
aims to conduct globally leading cancer research,
Various reasons why collaborations haven’t been
and 250 researchers from 26 different countries
established more broadly emerged in the interviews
work there. Cancer research cancer is also conduc-
with researchers. It is repeatedly mentioned that
ted at Malmö University, the Technical University
research collaboration is facilitated – though not
of Denmark (DTU), Roskilde University and Kris-
dependent on – geographic proximity. Finding
tianstad University, albeit on a smaller scale.
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ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
the right research group for collaboration is more
important than geographic proximity, and in today’s
international research environment that might well
mean looking to the USA or China.
– As a researcher, one’s demands are often ex-
tremely specific, and you choose the collaborations
that give you the most. It doesn’t necessarily need to
be in Denmark; it could be anywhere. But proxi-
mity is always important, and that led me to work
with the Danish Cancer Society in Copenhagen and
numerous Danish cancer researchers early on, says
Carl Borrebaeck.
Head of research at the Danish Cancer Society
Mef Nilbert sees it similarly.
– Our research centre truly wishes to be at the
forefront of research centres, and our collaborations
are also globally leading collaborations. So, a rese-
arch collaboration might be with Karolinska, but it
might also be with New York or Glasgow. In that
respect we think somewhat more internationally
than simply the Øresund Region, she says.
She emphasises however that working together
to share resources such as core facilities and speciali-
sed analyses is big in the Øresund Region.
More collaboration requires time and
knowledge
There is broad unexploited potential and room for
improvement in cancer research collaboration across
the Øresund, as many of the interviewees for this
report point out. However, expanding joint efforts
requires both time – which is not always available
in the hectic day-to-day life of a researcher – as well
as knowledge, and a network in the other country.
When a network is already in place, asking around
for potential collaborators is often easy. If one lacks
a network however, getting a general view of rese-
archers and research environments can be difficult,
according to the interviewees.
– I consider the fact that there is no systematic
collaboration across the Øresund as a failure personal-
ly, but the task has been too great; so much has been
happening internally in the organisation. I see enor-
mous potential, and I myself work a lot with research
groups in Copenhagen – so personally, I have a lot of
interaction across the strait, but I’d like to bring that
to the institutional level. Building a network is often
the first step to collaboration, says Kristian Pietras,
professor at LU and former coordinator of LUCC.
Mef Nilbert points out that collaboration can be
obstructed by a lack of knowledge about the resear-
ch environments that exist in the region.
– Now, I know both sides well, but it’s hard
for people in Copenhagen to read the menu of
research environments on offer in Lund – and vice
versa, I’m sure. Universities could play a bigger role
by opening up and approving courses, as well as
making some kind of menu and showing that these
excellent research environments are in Copenhagen,
and these are in Lund, she says.
PHOTO: NEWS ØRESUND
Danish Nils Brünner, professor at the University of Copenhagen, and Carl Borrebaeck, professor at Lund University, have many
years of collaborative cancer research behind them. Among other things, they founded the company Scandion Oncology together;
Nils Brünner still acts as scientific advisor.
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RESEARCH: ONCOLOGY
RESEARCH: ONCOLOGY
(Interregional Childhood Oncology Precision
National research funds make transborder
Medicine Exploration). As the name indicates, the
research more difficult
project focuses on researching childhood cancer.
An addition factor making research collaborations
It is run by the Capital Region of Copenhagen
across the Øresund more difficult is that research
(Rigshospitalet), the Technical University of Den-
funds are often earmarked for national research.
mark (DTU), Lund University and
Carl Borrebaeck, who tried to start
Region Skåne (SUS). The three-year
an Interreg-programme in the field
project started in April 2019 and
of cancer a number of years ago,
will continue until March 2022. The
believes this to also be one of several
project started with a close, long-
reasons why cancer research has
term collaboration between the de-
not been built up more across the
partments for childhood oncology at
Øresund.
Skåne University Hospital in Lund
– It’s obviously a real limitation.
and Rigshospitalet in Copenhagen.
I hear people say, ”money isn’t
In 2014, the clinical collaboration
always the most important thing”,
received the Oresund Award for
and no, I agree that it isn’t, but it
its work, and that prompted them
is an important catalyst that makes
to start investigating how to
it possible for us to build
establish their joint efforts
up collaborations on a
”The fact that the
more firmly –which resulted in
somewhat larger scale, he
health insurance and
iCope. The collaboration has
says, and goes on:
tax systems aren’t
multiple focus areas; among
– If Innovation Fund
other things, researchers work
Denmark and Vinnova
synced up to make
with the industry to develop
were to make a joint
working part-time in
a robot that will help children
programme, collaborations
would take off quickly. It’s
both countries possible
maintain a presence at school
during periods when they’re
an unexploited potential,
is the single greatest
receiving treatments, and
and it could work better.
research is also conducted on
Part-time positions are
obstacle to research
late effects for the afflicted
common in the world of
collaboration in the
children. Working together on
research, which also means
a relatively narrow diagnosis
region, I would say.”
that structural obstacles
like childhood cancer makes
emerge between the
it possible to form a broader research base, and
countries – for example if one researches at a uni-
children can receive care and treatment on both
versity in one country and has a part-time position
sides of the Øresund.
at a private company in the other country.
Read more about the project on page 74-75.
– The fact that the health insurance and tax
systems aren’t synced up to make working part-ti-
me in both countries possible is the single greatest
New Interreg-project on cancer being
obstacle to research collaboration in the region,
investigated
I would say. It gets so incredibly complicated if
In addition to the abovementioned iCope, there
the systems aren’t synchronised; for many people,
are also larger Interreg-projects in diabetes- and
working on both sides of the Øresund would be so
reproduction research today – these are DiaUnion
natural, says Mef Nilbert, head of research at the
and ReproUnion 2.0, both coordinated by the Da-
Danish Cancer Society, a professor at the Universi-
nish-Swedish cluster organisation Medicon Valley
ty of Copenhagen and a visiting professor at Lund
Alliance. Possibilities to start similar collaborations
University.
in oncology and a collaboration focused on drug
Interreg-project on childhood cancer grew
delivery are currently being investigated, says MVA’s
from an individual collaboration between
CEO Petter Hartman.
clinics
– These are topics with strong links to the border
region, and there are interested actors from research
One collaboration between two separate clinics
environments as well as the industry, he says.
that was formalised by an Interreg-project is iCope
PHOTO: TOMAS BERTELSEN
SKÅNE SETS IT SIGHTS ON BECOMING A COMPREHENSIVE CANCER
CENTRE
In April 2020, Karolinska Institute and Karolinska
University Hospital were accredited as Sweden’s
first Comprehensive Cancer Centre by the Orga-
nisation of European Cancer Institutes (OECI).
There are a total of around 20 such centres in
Europe today. To receive accreditation, an institute
must demonstrate the highest level of quality in
everything from a kind reception, prevention, di-
agnosis, treatment and rehabilitation to research,
teaching and training. Skåne University Hospital
is currently seeking to receive accreditation; this
is done via a project in which Skåne University
Hospital is working together with LUCC.
– We are one part of the process, and we are
managing the research aspect for Region Skå-
ne, says Kristian Pietras, professor and former
coordinator of LUCC. He explains that the aim
with the accreditation is to put a quality assuran-
ce seal on the centres that offer well thought out
and well-structured cancer care integrated with
research.
Mef Nilbert is head of research at the Danish
Cancer Society in Copenhagen and a member of the
European accreditation group. When asked if she
believes it would be possible to receive accreditation
for cancer research in the Øresund Region as a
whole, she replies:
– Yes, it could be done, and it would really baffle
those big Europeans; they think a country and a city
can be a cancer centre. I’m part of the accreditation
group – and if Lund University was accredited and
the University of Copenhagen got quality assurance,
then they could create a joint network across the
two countries; it would be incredibly exciting and it
could even include other hospitals.
ELEVEN NATIONAL CANCER
CENTRES IN DENMARK
Denmark has created a national network by the
name of Denmark Comprehensive Cancer Center
(DCCC) that functions as a research network with
focus on translational and clinical cancer resear-
ch. It is not accredited according to the European
quality assurance, however. In 2016, DCCC and
the Danish Cancer Society and the Danish regi-
ons established eleven national cancer centres
in Denmark. Four of these are based in Zealand,
but all of them aim to include healthcare and
research throughout the country. The natio-
nal centres are intended to strengthen cancer
research and compile new research experiences.
The centres also have a coordinating function;
they are responsible for ensuring that all larger
Danish research environments within their
research areas are involved in the centre and for
making sure that new research in the respective
areas are implemented in hospitals throughout
Denmark. Read more about the national cancer
centres on page 68-69.
Copenhagen Centre for
Cancer and Health.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
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ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
73
PHOTO: MOELVEN DENMARK
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RESEARCH: ONCOLOGY
RESEARCH: ONCOLOGY
A long and fruitful collaboration between the departments for childhood cancer at Copenhagen’s
Rigshospital and Skåne’s University Hospital (SUS) in Lund grew into the Interreg-funded project iCope
(Interregional Childhood Oncology Precision medicine Exploration). Among other things, the project
is a collaboration on diagnostics and treatment, as well as the development of robots and tablets that
aim to help make the everyday easier for children with cancer and their families. The lead partner is
the Capital Region of Denmark (Rigshospitalet), and other partners include the Technical University of
Denmark (DTU), Lund University and Region Skåne (Skåne University Hospital).
iCope is a three-year project that took off in April School of Engineering. On the Danish side of the
Øresund, a robot is being developed in collabora-
2019. It is the result of a long clinical collabo-
tion with Shape Robotics A/S.
ration between the departments for paediatric
– Children with cancer miss out on a lot of
cancer at Rigshospitalet and Skåne University
time at school and in their
Hospital in Lund. As can-
social contexts – the robots
cer in children is a relative-
”The Øresund Region
are meant to represent the
ly infrequent diagnosis and
has what it takes to
child at school, so children
the number of patients is
can be part of lessons even
small, collaboration across
become a globally
if they are under isolation
the Øresund has been
leading centre for
during the treatment, says
very valuable for creating
Elise Witthoff. In addition,
a larger base and allowing
research and treat-
iCope works with the compa-
experience to be shared. In
ment of childhood
ny Qlucore, which develops
2014, the 30-year collabo-
cancer.”
software to facilitate analysis
ration between SUS and
of complex genetic data for
Rigshospitalet received
individual patients and that can easily be used
the Øresund Award. The collaboration has since
developed further, ultimately leading to the Inter- clinically.
reg-funded joint project iCope, whose vision is
The aim is to increase the number of child-
to create a globally leading centre for childhood
hood cancer researchers
cancer research in the Øresund Region.
One of the project’s objectives (see the fact box for
Developing digital tools and robots
others) is to increase the number of researchers in
the region who study childhood cancer. By creating
The project works broadly in the field of childhood
a joint PhD-programme between Lund University
cancer and includes everything from research on mo-
and the Technical University of Denmark, the hope
leculare- and DNA level to treatment and diagnosis
is that the number of researchers will increase, as
to the development of digital tools and robots. It also
well as the exchange of research over the Øresund.
conducts research for improved cure rates and better
– The hope is that the PhD-qualification will
quality of life in the long term for childhood cancer
weigh heavier, particularly when one is looking for
patients related to late effects in the project ALL-Star,
work or a research position in Denmark or Sweden,
and bio-ethics are an overarching focus.
says Elise Witthoff.
– When it comes to e-health, health sciences are
Due to the coronavirus pandemic, research
exploring the development of a tablet to make life
candidates have been unable to conduct teaching
easier for patients and their families in the everyday,
and research at DTU and Lund University, mea-
with frequent check-ups and questions – it will al-
ning that to date, the work has focused heavily on
low them to contact their clinic directly and get an-
recruiting students and coordinating the PhD-agre-
swers to questions, as well as to see test results and
ement between the universities. The goal is for the
the like, says iCope’s coordinator Elise Witthoff.
joint PhD-programme to remain in place even after
This is being done in collaboration with LTH
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ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
The pandemic means new conditions for
collaboration
The coronavirus pandemic has not only meant
that iCope’s joint PhD-programme hasn’t been
able to go according to plan; many nurses and
doctors who research within the project have had
to cut back on their research hours and work with
covid-related tasks instead. Absences due to illness
have increased and created additional pressure on
wards; as a result, researchers who are clinically
active have had less time to dedicate to the project,
says Elise Witthoff. Nonetheless, research in the
project has progressed.
– Research that started before the pandemic has
been easier to continue and produce results with,
for example e-health and tumour biology. Now, as
spring draws to an end, we also see great progress in
the areas that have required some new structures to
be built up, for example bioinformatics.
Striving for a world-leading research centre
The Øresund Region has what it takes to become
a globally leading centre for research and treat-
ment of childhood cancer, says Elise Witthof. She
explains that the Paediatric Oncology Research
Laboratory at Copenhagen’s Rigshospital is the
largest Nordic centre for phase I and II research
in paediatric oncology, that Lund University and
Skåne University Hospital were among the first in
Scandinavia to research late effects and that one of
Europe’s foremost institutions for bioinformatics
and healthtech is located at DTU.
The hope is that when the project comes to
an end in September 2022, the collaboration will
continue and become permanent, despite the lack
of Interreg funding.
– The vision is to become a stable organisation/
network/centre that can be active between Lund
and Copenhagen, and our goal is to become glo-
bally-leading in genetic childhood cancer research
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Elise Witthoff is the Swedish coordinator of iCope, and
Cornelis Jan Pronk, senior consultant at SUS and associate
professor at Lund University, is responsible for research on
the Swedish side.
and e-health. The steering committee is discussing
what can be done organisationally and what it
might look like in the future, says Elise Witthoff.
The steering committee is comprised of SUS’ head
of research Ingemar Petersson, Rigshospitalet’s vice
director Per E. Jørgensen, Thomas Lars Andresen,
professor and head of department at DTU, and
the dean of the Faculty of Medicine at Lund Uni-
versity Kristina Åkesson.
OVERARCHING GOALS
Equal access to personalized medicine for
children with cancer
Improved quality of life in the long-term
for those who have been treated for child-
hood cancer
Identify genetic biomarkers for children
Text with cancer
Maintain continuity at school and facilitate
social contact and family life for children
during cancer treatment
Create a stable infrastructure for sharing
of data across the Øresund whilst main-
taining patient integrity
Increase the number of paediatric oncolo-
gy researchers
Increase the number of female research-
ers in leading positions
Strengthen collaboration with the industry
75
PHOTO: NEWS ØRESUND
ICOPE STRIVES FOR GLOBALLY LEADING RESEARCH
IN CHILDHOOD CANCER IN THE ÖRESUND REGION
the conclusion of the iCope project; the programme
is thus already being managed by the universities’
postgraduate research studies.
Another of iCope’s focuses is to increase the num-
ber of female research leaders; this is being pursued
in collaboration with the company Indea. Together,
they have devised a one-year leadership programme
for female researchers and heads of research.
– We have been able to hold the training online
in spite of the coronavirus pandemic, and the first
participants received their diplomas this May. It has
been very successful, says Elise Witthoff.
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RESEARCH: ONCOLOGY
RESEARCH: ONCOLOGY
NATIONAL COOPERATION IN PLACE – BUT
COLLABORATION ACROSS THE ØRESUND
IS FUELLED MOST BY INDIVIDUALS AND
SPONTANEOUS MEETINGS
Lund University Cancer Centre (LUCC) brings together over 600 cancer researchers in more than 100
research groups. While collaboration with similar organisations at other Swedish institutions is strong,
there is a great unexploited potential when it comes to international collaboration and contacts on the
other side of the Øresund. ”We have a lot of very strong research here, but people stay on their own
turf”, says Kristian Pietras, professor at Lund University and the coordinator of LUCC. His own resear-
ch does however involve exchanges with multiple research groups in Copenhagen.
are cancer researchers, says Kristian Pietras, who
In Lund, cancer research is focused at Lund Univer-
is a professor and Lund University and LUCC’s
sity Cancer Centre (LUCC). LUCC was establis-
coordinator.
hed in 2019 as an extension of an earlier cluster
Kristian Pietras explains that a large number of
collaboration for Lund University’s research on
the researchers at LUCC are also linked to Region
cancer. LUCC is described as an umbrella organisa-
Skåne and research at Skåne University Hospital –
tion, facilitating research through its overview and
insight of the landscape. Another of LUCC’s impor- but that LUCC is responsible for the majority of
the research.
tant roles is to function as management support,
preparing questions related
Unexploited potential in
to cancer research for the
”...many people get
international collaboration
management of different
their PhD at Lund
Region Skåne is LUCC’s main
departments at Lund
collaborative partner. There is
University, within the
University and then
also ample and fruitful collabo-
university as a whole, and
continue with their
ration in cancer research with
for Region Skåne. Today,
research here. So, the
similar organisations at larger
funding for the centre
comes from subventions
international perspec-
higher learning institutions in
Sweden, says Pietras. When it
from Lund University’s Fa-
tive is lacking so-
comes to international collabo-
culty of Medicine, Region
ration and collaboration across
Skåne (ALF-funds, which
mewhat in Lund, and
the Øresund Strait however,
are Swedish Research
Council funds for clinical
on top of that perhaps
there is more to be desired.
research in medicine)
the Danes don’t see the
– We have a lot of very
strong research here, but people
and a number of external
point of trans-Øresund
stay on their own turf, so more
foundations.
internationalisation is high on
collaboration.”
600 cancer research-
the agenda right now, he says.
ers associated with
LUCC
Why might that be so?
– I’m not sure. It’s difficult to pinpoint, but
Today, 600 researchers in more than 100 research
studies have shown that many people get their PhD
groups are linked to the centre.
at Lund University and then continue with their
– We generated the list of our researchers by
research here. So, the international perspective is
reviewed who has research grants related to cancer
lacking somewhat in Lund, and on top of that per-
research. Some have their primary activities in a
haps the Danes don’t see the point of trans-Øresund
different branch of basic research relevant to cancer
collaboration, he says.
research, but it is perhaps less obvious that they
76
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Breast cancer, genomics and tumour micro-
environments are areas of strength
Singling out LUCC’s areas of strength in cancer
research is complex; in practice, it is a question of
around 200 different diseases, says Kristian Pietras.
He does however point out three areas in which
LUCC excels.
– Breast cancer research has traditionally been
strong in Lund. The volume and quality are both
high across the board, from basic research to trans-
lational research and clinical research, where we are
at the leading edge.
– Genomics, if we’re talking about bioinfor-
matics and technology. We are good at analysing
patient samples using large-scale methods.
– Within biology, we are strong when it comes
to tumour microenvironments – that is, the inte-
raction between tumour cells and other cells in the
vicinity of the tumour, says Kristian Pietras.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Kristian
Pietras.
77
PHOTO: KENNETH RUONA
PHOTO: NEWS ØRESUND
Strategic collaboration across the strait is
lacking – but the University of Copenhagen
is the most frequent collaborative partner
for research publications
There are no systematic collaborations for cancer
research that span over the Øresund today.
– I have requested them and tried to initiate
them. When I moved here from Karolinska Insti-
tute, I initiated a number of collaboration projects,
but none of them survived. But although there is
no systematic trans-Øresund exchange in place,
researchers from the University of Copenhagen are
the most frequent collaborative partner for research
publications by cancer researchers in Lund.
– I think that the cooperation between Lund
and Copenhagen today is fuelled mainly by indivi-
duals and spontaneous collaborations, says Kristian
Pietras, although he mentions the Interreg project
iCope as an exception.
Personally, Kristian Pietras sees the lack of an
established, systematic trans-Øresund collaboration
for cancer research as a failure; he says that it is
difficult to find the time to establish something like
that when there is so much internal work in the
organisation. In his own research however, he has a
great deal of exchanges with research groups from
Copenhagen, and a number of the researchers on
his team commute from Denmark. Kristian Pietras
works with e.g. research groups at Biotech Research
& Innovation Centre in Copenhagen, and he is
also a member of the scientific board at the Danish
Cancer Society.
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RESEARCH: ONCOLOGY
RESEARCH: ONCOLOGY
“WE COULD BEAT SILICON VALLEY OR ANY OTHER
”VALLEY” FOR THAT MATTER – WHAT HOLDS US
BACK IS THAT THERE ARE NO TRANSBORDER
RESEARCH FUNDS”
Carl Borrebaeck is a professor of immunology at Lund University, and his research has led to the
formation of six companies. In his capacity as a researcher and an entrepreneur, he has put the vicinity
of the Øresund to good use, but he believes that there remains a great deal of unexploited collabora-
tion potential. To improve collaboration, he would like to see more transborder research funds and a
shared platform that highlights the differences in Swedish and Danish company rules.
own initiative and his personal contacts, and the
Carl Borrebaeck is a professor and the serial entre-
short distance between the two countries has also
preneur behind the companies Alligator Bioscien-
played an important role.
ce, Immunovia, Scandion
– As a researcher, one’s
Oncology, SenzaGen,
”Geographic proximi-
demands are often extremely
BioInvent International and
ty plays an important
specific, and you choose the
PainDrainer. His research
collaborations that give you
and his business ventures
role in collaboration,
the most. It doesn’t necessarily
take him over the Øresund
but people also need
need to be in Denmark; it
extensively; an example
could be anywhere. But proxi-
is Scandion Oncology, a
to know each other.”
mity is always important, and
Danish company recently
that led me to work with the Danish Cancer Society
offered on First North in Stockholm that Carl
in Copenhagen and numerous Danish cancer rese-
Borrebaeck founded with the Danish professor
archers early on, he says.
and entrepreneur Nils Brünner. The two have
conducted a great deal of research together and are
He travelled to China and found what he was
both behind the Øresund network the Oncology
looking for in Hvidovre
Network, which is now run by Medicon Valley Al-
Carl Borrebaeck talks about the time he travelled
liance. Carl Borrebaeck also initiated the strategic
across the world to find a suitable biobank for colla-
centre for cancer research Create Health at LTH
boration. He came into contact with an interesting
School of Engineering, which works to extend
potential collaborative partner in China, but later
translational cancer research and the cooperation
discovered that there was a more suitable biobank at
between academia and health care.
Hvidovre Hospital, which led to a long collabora-
The Øresund collaboration is fuelled by per-
tion and many joint research publications with the
sonal engagement and geographic proximity
professor Julia Johansen.
– A more structured programme between
Carl Borrebaeck is active in research and entre-
Sweden and Denmark would have made it much
preneurship on both sides of the Øresund. He has
easier. We would have saved hundreds of thou-
worked for many years with the Danish professor
sands of crowns by now. Geographic proximity
Nils Brünner, with whom he founded the Danish
plays an important role in collaboration, but
company Scandion Oncology, to which he is now
people also need to know each other. If I don’t
scientific advisor. He has also published numerous
know exactly what is available on the other side of
articles with the Danish researcher Julia Johansen
the Øresund, I can call Danish colleagues and ask,
from Hvidovre Hospital and been active in various
but those without that option miss out on a lot
Danish boards of directors.
of “benefits” and good advice that doesn’t need to
Carl Borrebaeck explains that his collaboration
cost a lot, says Carl Borrebaeck.
with Danish actors has largely been fuelled by his
78
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Great potential in more collaboration – but
funding is an obstacle
Carl Borrebaeck believes that the Øresund Region
brings together a large and unique variety of cancer
researchers, e.g. at Lund University Cancer Center,
BRIC at the University of Copenhagen, and the
Danish Cancer Society in Copenhagen. The fact
that there isn’t more trans-Øresund collaboration
than there is means that the resource is underexplo-
ited, he says.
– We’ve been talking about generating more
collaboration between Skåne and Copenhagen for
20 years now, and the million-dollar question is: how
can it be done? he says.
One important reason why collaboration in
cancer research isn’t more extensive in the Øresund
Region is the type of funding for research, Carl
Borrebaeck says.
– In terms of the basic conditions, there are good
researchers in both Skåne and Denmark. We could
easily beat Silicon Valley or any other “valley” for
that matter. What holds us back is that Denmark
gives funding to Danish researchers and Sweden gives
money to Swedish researchers, he says.
Carl Borrebaeck is convinced that there would
be more collaborations if e.g. Innovation Fund Den-
mark and Vinnova joined together for a common
funding programme.
– We have unique biobanks, expertise, equip-
ment, we have a 7-tesla machine in Lund that is
co-owned by Danish researchers but that isn’t being
taken advantage of the way it could because of the
limitations in how research funds may be used. Col-
laboration works in spite of those limitations – but it
could work very, very, very much better, he says.
Wanted: shared trans-Øresund platform
When it comes to commercial collaborations
across the Øresund, differences in the countri-
Carl Borrebaeck.
es’ legislation are what pose the greatest risk
of throwing a spanner in the works, says Carl
Borrebaeck. He mentions disparities in internal
company regulations and election committees
as examples, and he would like to see a shared
platform that pools together the differences in the
legislation of both countries.
Sweden’s stock market opens up for smaller
companies than Denmark’s, making it fairly com-
mon for Danish companies to list on the Swedish
market. There is even a need to re-examine the le-
gislation in Sweden and Denmark in that respect,
says Carl Borrebaeck – who has listed numerous
Danish companies in Sweden himself.
– Which legislation should be followed if a Da-
nish company wants to be listed in Sweden? One
must follow Swedish market rules but remains a
Danish company. That means that many listings
are delayed and unnecessarily complicated, he says.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
79
PHOTO: NEWS ØRESUND
PHOTO: APELÖGA - LUNDS UNIVERSITET
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RESEARCH: ONCOLOGY
RESEARCH: ONCOLOGY
PHOTO: TOMAS BERTELSEN
”CROSSING THE ØRESUND MAY BE EASY, BUT
COLLABORATING IS VERY COMPLICATED”
Mef Nilbert is head of research at Denmark’s national cancer foundation, the Danish Cancer Society in
Copenhagen. As a Swede with professor titles from the University of Copenhagen and Lund University,
she is an Öresunder from head to toe. She sees structural differences between the two countries that
put limits on what is otherwise simple research collaboration – and believes that the region needs to
be better at presenting the research environments that exist. At the moment, Øresund collaboration
primarily means jointly exploiting resources and performing specialised analyses at both sides of the
Øresund Strait.
environment, Mef Nilbert says.
Mef Nilbert is a professor at the University of
But when it comes to strong research colla-
Copenhagen and a visiting professor in Lund. After
borations where joint analysis or innovation are
splitting her time between Sweden and Denmark
necessary, collaboration across the Øresund is
for many years, she decided to work exclusively in
more limited.
Denmark in 2017 when she became head of rese-
– Our research centre always strives to colla-
arch at the Danish Cancer Society in Copenhagen,
borate with other leading researchers around the
which is the country’s national cancer foundation
world. So, a research collaboration might be with
with a research institution
Karolinska, but it might also
of its own and the vision
”We always want to
be with New York or Glasgow,
to conduct cancer research
at the global forefront.
recruit the best of the
she says.
There are 250 resear-
Structural obstacles limit
chers and students at the
best, and it makes no
research centre, and they
difference if they come
part-time work across the
Øresund Strait
are also closely linked
from Mexico, Sweden
According to Mef Nilbert,
to Danish hospitals and
there is great potential for
or the Philippines.”
universities. Six of them
more research collaboration
commute from Sweden
across the Øresund, and the collaboration itself
– there are thus more Italian researchers than
is often simple and works well. What obstructs
Swedish at the Danish Cancer Society’s research
that are structural obstacles created in part by the
institution.
countries’ different taxation- and health insurance
– We are extremely international, and we’d like
systems.
our institution to be the same. We always want
– Working together is incredibly easy; it’s great
to recruit the best of the best, and it makes no
when Danish and Swedish doctors and research-
difference if they come from Mexico, Sweden or the
ers get together for a project and share data and
Philippines, says Mef Nilbert.
work together – that has never been a problem,
Collaboration for resources and specialised
it’s always been a lot of fun. The obstacles to
analyses
collaboration are much more structural. Crossing
The Danish Cancer Society strives to be an interna-
the Øresund may be easy, but substituting data
tional research institution, and there is a great deal of
or including patients from different countries in a
exchange across the Øresund.
clinical study is extremely complicated.
– When it comes to jointly exploiting resources
The fact that the tax- and healthcare systems dif-
for example – such as core facilities and performing
fer and haven’t been synchronised better is blatantly
specialised analyses – we really think ’Copenha-
apparent when a researcher wants to divide her time
gen and Lund’. The same is true when it comes to
between e.g. a university and a hospital on opposite
technological platforms, clinical trials and developing
sides of the Øresund, she says.
early startups; one wants to stay close to one’s own
– The fact that the health insurance and tax
80
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Mef Nilbert, Head of
research at Denmark´s
national cancer foundation.
Universities can play a greater role in crea-
ting collaborations that cross borders
Postgraduate studies are very different at e.g. the
University of Copenhagen and Lund University,
and that is yet another obstacle for generating more
research collaboration, Mef Nilbert points out.
– It isn’t possible to take courses on one side of
the Øresund and receive credits for them in the
other country. The universities’ proximity to one
another entails great potential for exploiting the
course offering on the other side of the Øresund.
But I know that both the University of Copenhagen
and Lund University have taken the initiative to ex-
plore how this issue could be solved, and I consider
that positive.
She also believes that the region’s universities
should be better at showing which research environ-
ments exist to facilitate collaborations in the region.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
81
PHOTO: NEWS ØRESUND
systems aren’t synced up to make working part-ti-
me in both countries possible is the single greatest
obstacle to research collaboration in the region,
I would say. It gets so incredibly complicated if
the systems aren’t synchronised; for many people,
working on both sides of the Øresund would be
so natural. Being associated with another univer-
sity or company – in the same country this is no
problem – but if one works for a university and a
private company in the other country, it gets ex-
tremely messy and systematically speaking almost
impossible, she says.
– Now, I know both sides well, but it’s hard
for people in Copenhagen to read the menu of
research environments on offer in Lund – and vice
versa, I’m sure. Universities could play a bigger role
by opening up and approving courses, as well as
making some kind of menu and showing that these
excellent research environments are in Copenhagen,
and these are in Lund, she says.
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RESRACH: REPRODUCTION
RESEARCH: REPRODUCTION
LUND UNIVERSITY
• Department of Translational
Medicine
Research groups for molecular
genetic reproductive medici-
ne, reproductive medicine and
clinical chemistry are located
here. Their research is largely
at the Reproductive Medicine
Centre and the Clinical Research
Center in Malmö.
• Division of Occupational &
Environmental Medicine
Reproduction is a special focus
for the research group Environ-
mental Epidemiology, particu-
larly related to e.g. involuntary
childlessness and pregnancy
complications.
Reproductive research is conducted at the Öre-
sund Region’s universities, hospitals and com-
mercial enterprises; the pharmaceutical com-
pany Ferring Pharmaceutical’s largest research
facility is in Copenhagen. Many of the research
environments throughout the region are part of
the collaborative project ReproUnion 2.0, which
has been active in various iterations for more
than ten years. The following is a presentation of
some research environments in the field.
CAPITAL REGION OF DENMARK
There are a total of 140 resear-
chers at:
• Rigshospitalet (80)
The Department of Growth and
Reproduction is located here, as
well as the Fertility Department,
and some research is carried
out at the Laboratory of Repro-
ductive Biology (LRB).
• Nordsjællands Hospital (23)
Research is conducted here at
the Department of Gynaecology
and Obstetrics. Among the focus
areas are gestational diabetes
and labour stimulation. During
the coronavirus pandemic, re-
search has also investigated the
effects of Covid-19 on pregnancy.
• Herlev & Gentofte Hospital (10)
Research is conducted here
at the Fertility Clinic at the
Department of Obstetrics and
Gynaecology.
• Amager & Hvidovre (27)
Denmark’s largest gynaecology
and obstetrics department is
located at Hvidovre Hospital. The-
re are two research focus areas:
– Optimising patient treatment
while lowering risks, and
– Patient-centred care/persona-
lised medicine.
• Bispebjerg/Frederiksberg
Hospital*
Reproductive health is an area
of focus for research at the
Department of Occupational and
Environmental Medicine.
UNIVERSITY OF COPENHAGEN
The majority of the University of
Copenhagen’s research in the
life sciences is conducted at the
Faculty of Health and Medical
Sciences, and there are 3 000 re-
searchers and 1 700 PhD students
linked to the faculty. Reproductive
research takes place at e.g.:
• Department of Cellular and
Molecular Medicine
• Department of Public Health
FERRING PHARMACEUTICALS
• Research facility in Ørestad
The company’s largest research
facility will be part of Ferring’s
new offices in Kastrup. Today,
600 people work at Ferring in
Copenhagen; this number is
expected to increase to 750 with
the move. There are just under 20
employees in Malmö.
PHOTO: NEWS ØRESUND
Focus: Reproduction and fertility
MALMÖ UNIVERSITY
• Centre for Sexology and Sexu-
ality Studies
The Centre for Sexology and
Sexuality Studies at Malmö
University is involved in research
projects dealing with fertility
and cancer. The centre is part of
ReproUnion’s challenge 5 – ”Im-
proving fertility awareness”.
REGION SKÅNE
• Reproduction Medicine Centre
(RMC)
conducts a great deal of the
reproductive medicine research
in Region Skåne. Today, RMC is
located on the hospital premises
in Malmö, but in late 2021 it will
move to a new location in Malmö’s
Western Harbour district to make
room for a maternity ward hotel in
Malmö. Around 5-6 reproductive
researchers are linked to Region
Skåne, according to the region.
REPROUNION 2.0
A collaborative project between
Region Skåne, the Capital Region
of Denmark, Lund University, the
University of Copenhagen, Ferring
Pharmaceuticals and Medicon
Valley Alliance. ReproUnion is the
fourth consecutive collaborative
project on reproduction, and five
primary research topics are in
focus. The project started in 2019
and is scheduled to end in Sep-
tember 2022. Read more about
ReproUnion 2.0 on page 86.
REGION ZEALAND
There are a total of around 10 reproductive researchers at:
• The fertility clinic at Zealand University Hospital in Køge,
which is
currently conducting three different PhD-studies in fertility.The clinic has
an extensive exchange with the Capital Region of Denmark.
• Zealand University Hospital in Roskilde
conducts fertility research at
the Clinical Biochemical Department.
• ReproHealth Research Consortium Zealand University Hospital
is a
consortium whose aim is to conduct international reproductive research.
The aforementioned Clinical Biochemical Department is a main partner
together with the Department of Gynaecology/Obstetrics, the Patho-
logy Department and the Paediatric Department of Zealand University
Hospital.
• The Centre for Immune Regulation and Reproductive Immunology
(CIRRI)
is a collaboration between the Clinical Biochemical Department
in Roskilde and the Department of Clinical Medicine at the University of
Copenhagen. The focus is on modelling the immune system and its func-
tion during pregnancy and with certain gestational complications.
PHOTO: REGION SJÆLLAND
* Although the hospital is part of ReproUnion, the Capital Region of Denmark did not report the number of researchers in the unit.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Malmö University.
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RESRACH: REPRODUCTION
RESEARCH: REPRODUCTION
Reproduction and fertility are strong research areas in the Øresund Region. There are numerous excel-
lent research environments on both sides of the Øresund, most of which are involved in the EU-funded
collaborative project ReproUnion 2.0, which has been active in various forms for the past ten years.
Researchers in the project are currently building up a unique biobank by the name of RUBIC. The only
one of its kind in the world, it will comprise 5 000 couples from Region Skåne and the Capital Region of
Denmark. Ferring Pharmaceuticals is a globally leading company in the field of fertility. In the summer
of 2021, it will move to its new Danish headquarters in Kastrup, and the research facility there – which
is already the company’s largest – will welcome 150 new employees.
Research on reproduction in the Øresund Region is
conducted at a high international level at hospitals,
universities and in the industry. Ferring Pharmaceu-
ticals’ largest research facility is located in Copenha-
gen. Many of the region’s major actors in reproduc-
tion research collaborate across the Øresund via the
Interreg-funded project ReproUnion 2.0, which
was preceded by three other collaborative projects.
ReproUnion brings together the healthcare sector,
academia and Ferring Pharmaceuticals in a unique
”private-public partnership” that is coordinated
by Medicon Valley Alliance. In recent years, the
project has also started research collaborations with
universities from the international forefront, such as
Stanford University in the USA. Read more about
ReproUnion on page 86-87.
Unique biobank of infertile couples being
constructed in ReproUnion 2.0
As part of ReproUnion 2.0, researchers are cur-
rently building up a one-of-a-kind biobank and
register that will contain 5 000 couples from the
Danish and Swedish sides of the Øresund Region.
The biobank is called ReproUnion Biobank and
Infertility Cohort (RUBIC). RUBIC is expected
to be an important part of the Øresund Region’s
research infrastructure in the future. The hope is
that research will be able to discover what causes
involuntary childlessness.
– No comparable studies with this many partici-
pants have ever been conducted before, and the eyes
of the research community are on us, said Margare-
ta Kitlinski, specialist at Skåne University Hospital
and one of Sweden’s leading experts on involuntary
childlessness in a press release when RUBIC was
presented in the spring of 2021.
The hope is that the model used to jointly explo-
it the biobank – which will effectively comprise two
84
separate national biobanks – will be utilisable in
other research areas as well.
A patient mobility agreement across the Øresund
has been developed through the ReproUnion col-
laboration; it entails that residents of the Øresund
Region affected by reproductive challenges or other
disorders related to reproduction can receive treat-
ment and healthcare in Region Skåne as well as in
the Capital Region of Denmark. Patients can thus
be offered more and improved treatment options.
The patient agreement on fertility was the first of its
kind in the Øresund Region when it came into ope-
ration in 2017. Since then, residents of Skåne have
been able to receive specialised treatment for certain
reproductive disorders and hospitals in the Capital
Region of Denmark in Copenhagen and vice versa.
Ferring Pharmaceuticals largest research
facility is in Copenhagen
The pharmaceuticals giant Ferring Pharmaceuti-
cals has 600 employees in Copenhagen and 17 in
Malmö. One of its two R&D facilities is in Copen-
hagen; the other is in San Diego, USA. When the
company – whose headquarters are in Switzerland
– moves its Danish headquarters from Ørestad to
Kastrup, the number of employees there will increa-
se by 150, says Marianne Kock, CEO of Ferring in
Denmark, in an interview for this report. The new
headquarters is called Soundport, and the inaugu-
ration is planned for the summer of 2021. With its
37 000m2, it will be Ferring’s largest R&D facility.
Ferring conducts research in five main areas:
Reproductive medicine and maternal health
Gastroenterology
Urology & Uro-oncology
Microbiome
Early-stage development
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
More than 150 researchers in the regions
Region Skåne, the Capital Region of Denmark
and Region Zealand are all investing in research in
reproductive medicine, and according to data from
the three regions, there area over 150 researchers in
the field in the three regions.
In Region Skåne, the majority of the research is
conducted at the Reproductive Medicine Center
(RMC) and the Clinical Research Center (CRC) on
the hospital premises in Malmö. In late 2021, RMC
will move to a new location in Malmö’s Western
Harbour district to make room for a maternity ward
hotel at its previous location in Malmö.
In the Capital Region of Denmark, research is
conducted at the fertility clinics at Nordsjællands
Hospital in Hillerød, Bispebjerg/Frederiksberg
Hospital, Herlev and Gentofte Hospital, Hvidovre
Hospital and at Rigshospitalet. The Department of
Growth and Reproduction is also located at Rigs-
hospitalet, and combines clinical activity and rese-
arch. There is a special focus on male reproductive
disorders and children with growth- or hormonal
disorders. The department has a number of labs in
which research is carried out, and it receives patients
from all over Denmark. 80 people are employed
there; around half of them are researchers.
In 2017, Region Zealand founded a consorti-
um for reproductive research called ReproHealth
Research Consortium Zealand University Hospital.
The main partners in the consortium are Regi-
on Zealand’s Clinical Biochemical Department
(Zealand’s University Hospital in Roskilde), the
gynaecological/obstetric department, the patholo-
gy department and the paediatric department of
Zealand’s University Hospital. The region’s fertility
clinic is part of the gynaecological/obstetric depart-
ment at Region Zealand’s University Hospital in
Køge. At the clinic, research is conducted as part of
three different PhD study programmes, as well as in
numerous studies and projects in collaboration with
the Capital Region of Denmark and others.
Region Zealand was part of ReproUnion until
2019, but prior to ReproUnion 2.0, which is still
active today, it chose to leave the collaboration in
order to focus more on its own research projects.
Anne Lis Englund heads the fertility clinic in Regi-
on Zealand and says that it is possible that the regi-
on will become an active party in the collaboration
again in the future. The fertility clinic in Region
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Zealand will be part of the new university hospital
currently being constructed in Køge. Completion
is planned for 2025, and it will contain 800 beds in
separate rooms.
Generous regulations for assisted reproduc-
tion attracted the involuntarily childless to
Denmark
Denmark’s rules for assisted reproduction have
long since been more generous than in many other
countries, including Sweden. There has been no
shortage of donated sex cells in Denmark, and
there are many private clinics that offer both egg
and sperm donations to single women and childless
couples. Swedish legislation related to assisted re-
production has grown more forgiving over the past
five years, and in 2016 it became possible for single
women in Sweden to receive reproductive assistan-
ce. As of 2019, private clinics in Sweden are allowed
to carry out assisted reproduction with donated em-
bryos, eggs or sperm. Since that same year, double
donation is also permitted – that is, both egg and
sperm may both be from donors.
85
PHOTO: NEWS ØRESUND
World class reproduction research in the Øre-
sund Region
During the coronavirus pandemic, Ferring has
also funded research projects that investigate how
pregnancy and fertility are affected by Covid-19.
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RESRACH: REPRODUCTION
RESEARCH: REPRODUCTION
For more than ten years, researchers from both sides of the Øresund have collaborated on reproduc-
tive medicine within the Interreg-funded projects ReproSound, ReproHigh and ReproUnion. Not only
has this benefitted the research community; the patient mobility agreement put in place via the project
has also helped involuntarily childless couples throughout the Øresund Region gain access to the best
healthcare possible. The current project ReproUnion 2.0 will conclude in 2022 – but the researchers
have no intention of letting their research collaboration end there, says project manager Aleksander
Giwercman, who helped start the collaboration in 2010.
Since 2010, the research projects in the Repro-se-
ries have received 30mn crowns in grants; the
funds have been distributed among four different
projects. What began as an individual collabo-
ration between Jens Sønksen at Herlev Hospital
and Aleksander Giwercman at Skåne University
Hospital has become a firmly established research
collaboration, and also inspired the diabetes resear-
ch collaboration DiaUnion.
Today, project manager and co-founder of the
collaborative project Aleksander Giwercman is a
professor at Lund University and a senior physician
at the Reproductive Medicine Center in Malmö.
Born in Poland, he moved to Denmark at fourteen
and later studied to become a physician, specialising
in andrology, the branch of medicine that deals
with the study of male reproduction. He worked at
Rigshospitalet for a number of years before moving
to Skåne in 1999. In Skåne, he helped establish
clinical reproduction- and andrological operations
at what was then University Hospital MAS –known
today as Skåne University Hospital. That led to a
mixed reproductive medicine clinic for both women
and men that opened in Malmö in 2007. Aleksan-
der Giwercman headed the clinic until 2014. All
the while he conducted research, predominantly
on male reproduction, and in 2012 he became a
professor at Lund University. When reorganisa-
tions merged the clinic with other departments in
2014, he chose to focus exclusively on research and
teaching.
A patient cancellation gave the opportunity
to google shared research funding
While working as a physician, he built up a collabo-
ration with former colleagues on the Danish side of
the Øresund, in particular with Jens Sønksen, who
was a urologist and researcher at Herlev Hospital
who occasionally came to Malmö to help Aleksan-
86
der Giwercman with various treatments.
– Every time we met, we said to each other that
there really must be funding accessible for Øresund
collaborations somewhere for the research projects
we wanted to do together. But there was never time
to develop it further. But then one time there was
a patient cancellation, and we had one and a half
hours; we started googling, and then we found
Interreg. At the time Interreg had offices in Copen-
hagen, so we had a meeting with them, and they
were very positive. Their approach was user-friendly
and they helped us bring it forward, says Aleksander
Giwercman.
One of the people in charge of the matter with
whom they had contact is a well-known figure in
the Øresund Region’s life science sector today – na-
mely Petter Hartman, now CEO of Medicon Valley
Alliance.
– He was extremely enthusiastic, and we applied
for and received €1mn from Interreg, to be distri-
buted over three years, from 2010-2013, under the
name ReproSound, says Aleksander Giwercman.
Complementary competences led to the
idea for ReproHigh and the patient mobility
agreement
As ReproSound progressed, ideas for the next
project began to emerge as the researchers realised
they had complementary competences on both
sides of the Øresund. In Denmark for example,
they had come a long way with research on extrac-
ting and freezing the ovaries of women who were
to e.g. be treated for cancer. At the time however,
there was a shortage of donated eggs in Denmark,
since women who donated their eggs were not gi-
ven any compensation; this happened to coincide
with a campaign by Region Skåne to encourage
more women to donate eggs.
– We contacted Region Skåne, which in turn
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
”Every time we met, we
said to each other that
there really must be
funding accessible for
Øresund collaborations
somewhere for the
research projects we
wanted to do together.”
Aleksander Giwercman, professor at Lund University and a se-
nior physician at the Reproductive Medicine Center in Malmö.
both sides of the Øresund. Aleksander Giwercman
recounts how the patient mobility agreement and
the collaborative research during that time bene-
fitted from the great visions of a well-integrated
Øresund Region.
– It was in the spirit of the times; there was a
lot of talk about integration in the Øresund Regi-
on at that time. We had proposed out collabora-
tion ourselves, and we were enthusiastic about it,
so nobody needed convincing, he continues.
REPROUNION 2.0
Programperiod:
1 jan 2019-30 sep 2022
Partners:
Medicon Valley Alliance
Region Skåne
Region Hovedstaden
Lund University
Malmö University
University of Copenhagen
Ferring Pharmaceuticals
Five research areas in ReproUnion 2.0:
Improving male fertility:
Increase the understan-
ding of how lifestyle, environmental and genetic
factors affect male fertility with the goal of deve-
loping specialized treatments and preventative
measures.
Optimizing reproductive health outcomes:
Develop new, cheaper, and more efficient repro-
ductive techniques to reduce societal costs and to
minimize the strain women are exposed to during
artificial reproductive treatment.
Securing female ovarian function:
Reduce the
negative impact diseases and treatments have
on fertility by increasing the knowledge of the
function of the ovary.
Preventing infertility-related morbidity:
In-
vestigate how infertility can function as an early
marker for common major diseases.
Improving fertility awareness:
Increase informa-
tion to the society regarding the impact of lifestyle
factors on reproduction and the possibilities of
having a family; important information in relation
to political decisions and the work of authorities
to minimize negative societal consequences.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
87
PHOTO: LUND UNIVERSITY
ReproUnion 2.0: Øresund collaboration gives
reproduction research an extra boost
contacted the Capital Region of Denmark, because
they realised that we needed an agreement so these
patients could cross the bridge and receive the best
possible treatment free of charge, says Aleksander
Giwercman.
The patient mobility agreement came into
action in 2017. In practice, it means that all
residents of Skåne and the Capital Region of
Denmark can receive healthcare for certain more
advanced kinds of reproductive disorders on both
sides of the strait, and thus expand and improve
their treatment options. With the realisation of
the highly complementary expertise in the Øre-
sund Region, a new project began to emerge: the
project ReproHigh was granted €2mn by Interreg
between 2012-2014. The name ReproHigh is a
nod of recognition to the high level of expertise on
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RESRACH: REPRODUCTION
RESEARCH: REPRODUCTION
88
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
PHOTO: NEWS ØRESUND
PHOTO: PROGRESS PR
ons to access co-funds. The regions were incredibly
Increased funding created new opportuni-
positive, and with Greater Copenhagen in mind it
ties – as well as challenges
was natural for Region Zealand to be a part of it.
When ReproHigh started up, it also involved
Ferring also contributed and co-financed part of the
Medicon Valley Alliance, of which Stig Jørgensen
project. More than 20 PhD stu-
was CEO at the time. As
dents were associated with the
the project progressed, the
”We are extremely ta-
project and conducted research
researchers saw, with MVA’s
in a broad field surrounding
help, that if the collabora-
lented when it comes
reproductive medicine.
tion was to continue after
to research here in
ReproHigh, the perspective
Five research areas in
the Øresund region.
needed to be broader, and
more funding was neces-
But if anything has to
ReproUnion 2.0
that is now
Prior to the project
sary. The project that was
change, really change,
ReproUnion 2.0, five clear
to be ReproUnion 1.0 was
areas of focus were selected,
granted €15mn by Interreg,
we will have to ally
instead of the broader research
50% of which would be
that had been conducted in
funded by the parties them-
with others as well.”
earlier projects. An additional
selves – this created new,
difference to earlier projects is that Region Zealand
greater opportunities, as well as challenges, says
is no longer involved. ReproUnion 2.0 was granted
Aleksander Giwercman.
just over €8mn, of which 50% from Interreg, and it
– Throughout the first two projects, our coun-
will continue until September 2022.
ter-financing was one and two million, respectively,
– We realised that we can’t research everything
and we could use our own working hours to finance
– we need to find several broad areas where we can
the project. But when we reached that level that
really direct our efforts, and we decided that we
was impossible, so MVA said that we would have to
wanted to make a programme with a longer-term
approach the pharmaceutical industry and the regi-
24 MILLION FOR RESE-
ARCH ON COVID-19 AND
FERTILITY
In December of 2020, ReproUnion was
granted an additional 24mn crowns to
investigate the effects of Covid-19 on fer-
tility, pregnancy and foetuses. The funding
is from Region Skåne, the Capital Region
of Denmark, the pharmaceutical company
Ferring and the EU-programme Interreg.
with our Danish colleagues so both regions will have
scope. Research projects usually last three years, but
strong representation and can avoid the legislation
we had a 10-12-year programme in mind where In-
involved in solving this issue. The regions are extre-
terreg and the regions can contribute funding in the
mely interested; they understand that if we do some
first years, and that will eventually have produced
of the work and find a model that works, others will
results that allow us to compete for major grants
be able to use it in other fields as well. And at the
from the NIH and EU foundations, for example.
same time, we enjoy being pioneers – in one way
Before ReproUnion 2.0, they also looked
it’s a bit of a nuisance, but in another it’s fun, and
beyond the boundaries of the Øresund Region to
there is a goodwill of sorts from our
find collaborators at large universi-
surrounding environments because
ties in the USA and Britain; there
we’re developing something of which
is a lot of interest in working with
everyone sees the potential, says
biobanks and registers, as the access
Aleksander Giwercman.
they have to these in their nations is
The aim with the biobank is to
not comparable. A collaboration has
find reasons for infertility and to
been established with e.g. Stanford
develop new methods of treatment.
University in the USA.
– The short-term goal is for more
– We are extremely talented
people to be able to have children
when it comes to research here
after treatment. In the long term,
in the Øresund Region – but if
we want to map out the reasons
anything is to change, really change,
for infertility, develop new treat-
we will have to ally with others as
Margareta Kitlinski, senior
ments methods and study the long-term
well, he says.
physician at SUS.
consequences of infertility, says Margareta
Building a one-of-a-kind shared used bio-
Kitlinski in a press release. She is a senior physician at
bank – RUBIC
Skåne University Hospital, and together with Alek-
In ReproUnion 2.0, researchers are working to
sander Giwercman, she is responsible for research on
build a biobank that can be used as a shared resour-
the Swedish side of the Øresund.
ce – although in practice, there will be one biobank
While the formal starting date for the establish-
in Denmark and another in Sweden, as Swedish
ment of the biobank was June 2020, couples who have
material may not be stored in Denmark and vice
sought help for fertility treatments at clinics in Region
versa The name of the biobank is ReproUnion Bio-
Skåne and the Capital Region of Denmark in recent
bank and Infertility Cohort (RUBIC), and the goal
years have been asked to participate in the study.
is to include 5 000 infertile couples.
The Swedish examinations are conducted at the
The hope is that the biobank will become part of
Reproductive Medicine Center in Malmö, and the
the research infrastructure in Region Skåne and the
Danish examinations are done in a collaboration
Capital Region of Denmark in the future.
between Rigshospitalet, Hvidovre Hospital, Herlev
– We’re currently setting up a steering group
Hospital and Nordsjællands Hospital.
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89
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PHOTO: NEWS ØRESUND
ACTORS AND ACTIVITIES
Sector actors have their sights set on strengthening
transregional activity in Medicon Valley
For many Danish and Swedish actors in the life science sector, working together across the Øresund
Region simply makes sense. Perhaps they want to promote the region, establish business contacts,
broaden research collaborations, fund startups, work to reach political goals, or something else entirely.
Many actors and science parks have also expressed willingness to increase transregional collaboration.
Multiple actors work to connect the Danish-
-Swedish Medicon Valley cluster more closely. These
actors work on a wide variety of levels
– politically, financially, in investments, in marke-
ting, academically, with innovation, as students,
with events and as enterprises – to strengthen the
life science sector across the Øresund.
Øresundsinstituttet has identified an array of
organisations that coordinate, promote and benefit
from the life science activities across Medicon Valley
in different ways.
As an example, the Danish-Swedish cluster
organisation Medicon Valley Alliance works to create
networks and with workshops and research projects
with Danish and Swedish actors from the sector.
In Copenhagen and Malmö respectively, Copen-
hagen Capacity and Invest in Skåne are dedicated to
international branding of the region and attracting
businesses and talent from abroad, and over the
past 8-10 years, the Novo Nordisk Foundation has
granted more than 6.5bn DKK. (€875mn) to the
strategic initiative ”Copenhagen Bioscience Cluster”,
which aims to make the Capital Region of Denmark
and Skåne in southern Sweden a leading cluster for
biomedicine and biotech. To the same ends, the
foundations has also contributed around €35mn
to the new super-microscope MicroMAX in Lund,
which will be operational in 2022.
These diverse efforts strengthen transregional
activities, and according to Medicon Valley Alliance,
there is a good basis for increased Danish-Swedish
collaboration on e.g. health data and clinical studies.
There is also transregional collaboration between
Medicon Valley’s science parks and incubators,
although these actors are not organised in their own
network; instead, collaboration in the group has
a project-to-project character, meaning that some
collaborations often last a limited time. Generally
speaking, the will to work across the Øresund is good
at the region’s science parks.
EU-PROGRAMME CONTRIBUTED ALMOST €47MN IN GRANTS TO
DANISH-SWEDISH LIFE SCIENCE ØRESUND PROJECTS BETWEEN
2015-2022
Since 2015, the EU-programme Interreg Öre-
sund-Kattegat-Skagerrak has granted almost
€47mn to joint Danish-Swedish development
projects in the life sciences; that corresponds to
ca. 350mn DKK, or ca. 479mn SEK. Project funding
thus makes the EU an important transregional life
science actor in the Øresund Region.
In concrete terms, 18 projects in the life sciences
received support between 2015-2022; ten of these
are still active. The active development projects
include e.g. DiaUnion and ReproUnion, which
bring together such actors as Lund University,
the University of Copenhagen, Region Skåne, the
Capital Region of Denmark, Medicon Valley Alliance
and Steno Diabetes Center in Copenhagen. These
projects are described in more detail in Chapter
3. Having received ca. €4.5mn, ReproUnion is one
of the ten currently active projects that has been
given the most funding from the EU-programme
Interreg Öresund-Kattegat-Skagerrak. The nine
life science-oriented innovation projects under the
auspices of Interreg that will be active until 2022
were originally granted around €18mn.
Since 1990, the EU has provided financial support
to partnerships across European borders via the
Interreg initiative. There are approximately 70 Inter-
reg-programmes in the EU. The secretariat of the
Öresund-Kattegat-Skagerrak programme is located
in Copenhagen, Malmö, Gothenburg and Sarpsborg.
TRANSREGIONAL SECTOR ACTORS
AND ACTIVITIES
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ACTORS AND ACTIVITIES
ACTORS AND ACTIVITIES
JENNI NORDBORG: SWEDEN’S AND DENMARK’S LIFE SCIENCE
STRATEGIES HAVE HEALTH DATA, CLINICAL STUDIES AND
PREVENTATIVE HEALTH IN COMMON
Denmark and Sweden each have their own national
life science offices in Copenhagen and Stockholm, and
communication and exchange between the countries
is continuous. A growth team for life science was insti-
tuted in Denmark in 2016, and the recommendations it
presented became a political agreement in 2018. The
Danish government launched an updated life science
strategy in April 2021. Sweden’s new life science
strategy was released in 2019, and Jenni Nordborg
is heading the task of implementing the strategy in
Sweden. According to Jenny Nordborg, both strategies
particularly emphasise for example health data, clini-
cal studies and preventative health as important focus
areas with potential for more collaboration.
– Collaboration across the Øresund is definite-
ly crucial for Scandinavia becoming a leading life
science hub, and that is an important objective of the
Swedish life science strategy. Since we have so many
trans-Øresund collaborations, our situation in the
future could be improved by developing more sustai-
nable structures for collaboration on clinical studies
and health data, for example. Prioritising Scandinavi-
an collaboration – and thus collaboration across the
Øresund – has become more important, she says.
According to Jenni Nordborg, the following
research- and innovation structures in Sweden and
Skåne may benefit increased life science collabora-
tion across the Øresund:
• European Spallation Source (ESS) in Lund and data
centre (DMSC) in Copenhagen
• MAX IV Laboratory in Lund
• SciLifeLab, with facilities in Lund and
Stockholm
• Testa Center in Uppsala
• AstraZeneca Bioventure Hub in Gothenburg
PHOTO: NEWS ØRESUND
PERSONAL CONTACTS AND ØRESUND PROXIMITY BRING TOGETHER
LIFE SCIENCE COMPANIES IN SKÅNE AND BIG PHARMA IN ZEALAND
Many life science companies in Skåne have
collaborations and clients in the sector in the
Copenhagen area. At Medicon Village in Lund for
example, which is a science park with around
170 life science companies, there are a series of
contract research organisations, or CROs, that
conduct research for clients on the Danish shores
of the Øresund.
Among these CROs are Red Glead Discovery and
Truly Labs. Another is ImaGene-IT AB, whose focus
is on histology and molecular labelings combined
with quantitative image analysis, among other
things., respectively CEO and CSO of ImaGene-IT,
have worked across the strait numerous times
since founding the CRO in 2012, with Novo Nordisk
in Denmark and others.
The large Danish diabetes concern contacted Ima-
Gene-IT for laboratory research support. The contact
was initiated through personal contacts; several
previous colleagues from ImaGene-IT later began
working for Novo Nordisk and could recommend the
small, Lund-based company for consultancy work.
Network and geographic proximity thus mean a lot in
Medicon Valley, note the directors of the CROs.
– Being able to cross over and work so closely is
clearly an advantage. All of our projects are close
to our clients in general, so the Copenhagen area is
absolutely perfect, Bo Holmqvist says.
The collaboration with Novo Nordisk lasted se-
veral years, until 2016. ImageGene-IT was happy to
see that larger pharmaceutical companies in Med-
icon Valley, such as Novo Nordisk, invited external,
previous collaborators to seminar- or network
days, so the contact could remain active and needs
and new innovations could be sketched out. Luckily
enough, ImaGene-IT’s product and method allow
for collaboration with
a broad range of life
science companies,
Anders Brinte and Bo
Holmqvist explain, and
for a small company,
being located in a
science park is an ad-
vantage when it comes
Bo Holmqvist.
to contact with others.
– A lot of companies
contact Medicon Village
and enquire about
specific expertise, and
Medicon Village con-
tacts us, its members,
and puts us in contact
with potential clients,
says Anders Brinte.
Anders Brinte.
Contacts with Lund
University and Region
Skåne have also been important in terms of new
commissions, they explain. The two public actors
use ImaGene-IT’s solutions, and they had a pre-
vious collaboration with the Irish pharma company
Shire, which was acquired by the Japanese Takeda
in 2019. Via personal contacts at the university and
Region Skåne, ImageGene-IT established a new
collaboration with Takeda, which has a subsidiary
in the Copenhagen area.
Takeda then brought in ImageGene-IT on a new
project in which the pharmaceutical company was
involved at the University of Copenhagen. Over the
past two years, ImagGene-IT in Lund has thus had
a fruitful collaboration on tissue analysis studies
with Takeda and the Faculty of Health and Medical
Sciences in Copenhagen, Bo Holmqvist says.
PHOTO: IMAGENE-IT
PHOTO: NEWS ØRESUND
PHOTO: IMAGENE-IT
Jenni Nordborg.
MUNICIPALITIES AND ACTORS FROM THE SECTOR IN THE
ØRESUND REGION JOIN FORCES IN NEW MARKETING
CONSORTIUM TO PROMOTE MEDICON VALLEY
Greater Copenhagen International Marketing
Consortium (GCIMC) is the name of a new collabo-
ration for international branding and marketing in
the Danish-Swedish Greater Copenhagen Region.
The new collaboration is being driven by Danish and
Swedish investment promotion organisations Invest in
Skåne in Malmö and Copenhagen Capacity in Copen-
hagen, as well as the political, transregional collabo-
rative organisation Greater Copenhagen Committee,
which is presided over by Danish-Swedish leadership.
Four municipalities – Copenhagen, Malmö, Lund
and Helsingborg – are contributing funds to the new
marketing consortium.
The aim is to draw attention from abroad to the
Greater Copenhagen Region, which comprises 85
municipalities and the four regions the Capital Regi-
on of Denmark, Region Zealand, Region Skåne and
Region Halland. Attracting talent and investments
to the region are among the goals, and the consorti-
um will also coordinate between actors.
The consortium will focus particularly on marke-
ting the region based on three areas of strength: Life
science, IT/Tech and cleantech/climate. The actors
already work to promote these areas of strength.
In addition, Invest in Skåne, Copenhagen Capacity
and Greater Copenhagen Committee are already
involved in another marketing project related to the
life sciences where the focus is on promoting the
Øresund Region’s growing microbiome cluster. The
marketing enterprise has resulted in digital marke-
ting campaigns, a website about the opportunities to
work with microbiome research in the Øresund Re-
gion and a digital conference in April 2021, attended
by more than 1 000 participants from 60 countries
around the world. Read more about the microbiome
project on page 48, and about the actors mentioned
here on page 96.
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ACTORS AND ACTIVITIES
26
GALECTO AND MINERVAX
are examples of
life science companies that were started at Lund
University and are now established in Copenhagen.
PHOTO: NEWS ØRESUND
NOVO NORDISK FOUNDATION
SUPPORTS ØRESUND COLLA-
BORATION
Over the past two years, the Novo
Nordisk Foundation has granted fun-
ding to a series of life science actors
with a focus on transregional colla-
boration in the Øresund Region. The
foundation’s support has gone to e.g.:
€250 000
to the Danish-Swedish
DiaUnion project, headed by Medicon
Valley Alliance; partners include
Lund University and the Capital Regi-
on of Denmark.
€98 500
to the student organisation
Synapse, which has teams in Copen-
hagen and Lund.
€1.8mn
to the mentorship programme
NOME, which has benefitted many
biotech startups in Lund’s life science
environments and others. Medicon Vil-
lage in Lund, Accelerace Management
in Copenhagen are two of the seven
partner organisations that run NOME.
Danish organisations are members of
the new cluster organisation Danish
Life Science Cluster, whose tasks
include promoting transborder colla-
boration – albeit there are no specific
requirements to focus on working
together across the Øresund.
CPHLABS
is a co-working lab space in Copenhagen
meant to help biotech entrepreneurs. People from
the industry on both sides of the Øresund can request
space there.
PHOTO: NEWS ØRESUND
500
employees will be linked to the new ESS facility in
Lund in 2025. An additional 60-70 will work in ESS’
data centre DMCS, located at COBIS in Copenhagen.
SWEDISH FOUNDATION OPENS
COPENHAGEN BRANCH
The Swedish private equity company Segulah Medical
Acceleration is setting up a new investment company
and offices in Copenhagen. The fund also has a base in
Stockholm and is focused on investments in medtech
companies, both in Medicon Valley and in Europe. The
new fund has 1.2 bn SEK under management.
FERRING AND BII ESTABLISH
COLLABORATION
In January 2021, the pharma compa-
ny Ferring Pharmaceuticals started
a collaboration with the life science
incubator BioInnovation Institute (BII),
which receives funding from the Novo
Nordisk Foundation and became an
independent foundation in 2020, after
an initial three-year establishment
phase. It is BII’s first industry colla-
boration with a life science company
outside the incubator. The two parti-
es’ collaboration focuses on access
to industry expertise and identifying
promising new businesses. Ferring
has R&D centres in 12 countries
around the globe, the largest of which
is in Copenhagen’s Ørestad district
(International Pharma Science Cen-
tre) and employs around 600 people.
Of them, 110 are border commuters
from Sweden. Ferring also has facili-
ties in Malmö, and it will be moving to
its new Danish headquarters adjacent
to Copenhagen Airport this summer.
Copenhagen-based Scandi-
on Oncology and Lund-ba-
sed Alligator Bioscience
want to use their drugs to
develop improved can-
cer treatments that will
increase the value of both
companies. In June 2020,
the biotech companies en-
tered a preclinical collabo-
rative agreement, the goal
of which is improved treatments for cancer patients in the
future. The first preliminary results are expected in the first
half of 2021. The collaboration is expected to give increased
access to expertise in immunology, which is a strong field
in the Øresund Region’s life science environment. Scan-
dion Oncology and Alligator Bioscience are listed on the
Spotlight and Nasdaq Stockholm exchanges, respectively.
The Danish private equity company Sunstone Life Science
Ventures Fund owns 8.1% of Alligator Bioscience’s shares.
PHOTO: NEWS ØRESUND
SEDERMERA FONDKOMMISSI-
ON IN MALMÖ INCREASES ITS
PRESENCE IN COPENHAGEN
The financial advisor Sedermera
Fondkommission is expanding with
new offices and a Danish subsidiary
in Copenhagen to strengthen its cor-
porate finance activities in Denmark.
The company’s headquarters are in
Malmö. Since 2014, Sedermera Fond-
kommission has advised 12 Danish life
science companies on going public in
Sweden and Denmark. The company
is part of the Swedish Spotlight Group
AB, which is behind the Swedish
mini stock exchange Spotlight Stock
Market. The group company Spotlight
Group AB also set up Danish offices
and a company list in Copenhagen in
2018. Read more about the two com-
panies on page 120-121.
2 000
BioInnovation Institute expects
to help create new jobs in the
region by 2025 by increasing
startup-funding.
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PHOTO: NEWS ØRESUND
BIOTECH COMPANIES FROM
COPENHAGEN AND LUND JOIN
TOGETHER IN CANCER RESEARCH
Danish and Swedish medtech create closer bonds to
help companies enter the American market
The Danish-American alliance
MedTech Bridge wants to colla-
borate with the Swedish trade
organisation Swedish Medtech
in the future and thereby help
Danish and Swedish as well as
Finnish medtech companies
enter the US market. Medtech
is Skåne’s largest life science
industry subsector; it employs ca 3100 people according to
the report Life Science in Skåne, which was published by
Øresundsinstituttet in November 2020.
PHOTO: CPH LABS
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ACTORS AND ACTIVITIES
ACTORS AND ACTIVITIES
Numerous actors on both the Swedish and Danish sides of the Øresund work full- or part-time to
strengthen collaboration in the life science sector across the strait with networking meetings, po-
litical collaborations, transregional projects, events, investment promotion, investments, marke-
ting, financial advice and grants to startups and partnerships. Many of these actors work and run
joint projects together.
Medicon Valley is presented. The report is prepared by
Øresundsinstituttet.
CEO:
Petter Hartman
Chairperson:
Søren Bregenholdt
PHOTO: NEWS ØRESUND
Invest in Skåne
Interreg seminar in 2019.
The official trade- and investment promotion agency
for the southernmost part of Sweden. Invest in Skåne is
part of Business Region Skåne, owned by Region Skåne.
Invest in Skåne works to promote and market Skåne
and the Greater Copenhagen Region in order to attract
foreign investments, help technological development and
to encourage international businesses to set up in the
region. Invest in Skåne also helps local businesses enter
the international market. Invest in Skåne highlights the
life sciences as a key industry in Skåne. Together with the
business promotion organisation Copenhagen Capacity,
Invest in Skåne runs a database of the region’s life scien-
ce businesses.
Managing Director:
Ulrika Ringdahl
Chairperson:
Ulrika Nilsson
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Copenhagen Capacity
Organisation that works to strengthen Medicon Valley
and the Greater Copenhagen region by offering advice
free of charge to foreign businesses and investors on the
opportunities, rules and conditions for setting up in the
region. The life science industry is one of Copenhagen
Capacity’s sectors of choice, and they seek to strengthen
it by attracting foreign investments and skilled labourers
from abroad and by marketing the region internationally.
Copenhagen Capacity is working with Medicon Valley
Alliance, Invest in Skåne and others on an Interreg-pro-
ject surveying the transregional microbiome research
between 2019-2022.
Interreg Öresund-Kattegat-Skagerrak
EU’s programme for transregional collaboration.
Between 2014-2020, the programme Øresund-Kat-
tegat-Skagerrak has had at its disposition €127.6mn
with which to support a long list of different projects
in four areas: innovation, employment, green economy
and transportation. Interreg’s secretariat has offices
in Copenhagen, Malmö and Gothenburg. Funds for the
Interreg-projects come from the EU’s European Regional
Development Fund, and half of the project’s budget goes
to financial support. Since 2015, the EU-programme In-
terreg Öresund-Kattegat-Skagerrak has granted around
€47mn to joint Danish-Swedish development projects in
the life sciences. That corresponds to ca. 350mn DKK and
ca. 479mn SEK. A total of 18 life science projects received
funding between 2015-2022; ten of these are still active.
Among the active development projects are e.g. DiaUnion
and ReproUnion, which bring together Lund University,
the University of Copenhagen, Region Skåne, the Capital
Region of Denmark, Medicon Valley Alliance, Steno Dia-
betes Center in Copenhagen and others.
Programme director:
Magnus Schönning
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
CEO:
Asbjørn Overgaard Christiansen
Chairperson:
Marianne Philip
96
97
PHOTO: NEWS ØRESUND
Bi-national private network organisation with around
300 members from the Danish and Swedish life science
sectors. Since its founding in 1997, MVA has worked
to promote collaboration in Medicon Valley by acting
as a platform for transregional projects and alliances
between universities, hospitals, science parks, incu-
bators and businesses. Among MVA’s undertakings are
the Interreg-projects DiaUnion and ReproUnion. The
organisation also facilitates sector-specific, bi-national
networks for knowledge exchange in e.g. microbiome
research and oncology. Every November, MVA holds an
annual meeting at which the industry report State of
PHOTO: NEWS ØRESUND
Medicon Valley Alliance (MVA)
Political partnership organisation between 46 Danish and 39
Swedish municipalities and the Capital Region of Denmark,
Region Zealand, Region Skåne and Region Halland. The
collaborative organisation was founded in January 2016 and
replaced the previous political collaboration of the then-Öre-
sund Committee. The objective is to promote growth, attract
more foreign investors and businesses, work to reinforce
international infrastructure and promote a cohesive labour
market. The committee has defined five areas of focus that
are important for future growth and welfare: Green transi-
tion, labour market, infrastructure, digitalisation and the life
sciences. The board consists of 18 members from selected
municipalities and regions.
Managing director:
Tue David Bak
Chairperson:
Carl Johan Sonesson
Greater Copenhagen Committee holding
a summit meeting at Copenhagen City
Hall in 2019.
MVA’s annual meeting in 2017, on
the organisation’s 20-year jubilee.
PHOTO: NEWS ØRESUND
Øresund actors
Greater Copenhagen Committee
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ACTORS AND ACTIVITIES
ACTORS AND ACTIVITIES
PHOTO: NEWS ØRESUND
PHOTO: NEWS ØRESUND
Nordic Life Science Days,
SwedenBIO
Scandinavia’s largest life science partnering conference,
held in Malmö between 2017-2019 with around 1 200
participants. The event was held digitally in April 2021
due to the corona-virus pandemic. An important aspect
of the 2021 conference was that approx. one-fourth of
the ca. 800 participants were investors, particularly from
abroad. The last time Nordic Life Science Days was held
in Malmö, in 2019, investors made up ca. 8% of the over
1 300 participants; investor representation at the show
thus more than doubled. 28% – the largest portion – of
the participants at Nordic Life Science in 2021 were from
biopharma; 17% were from academia and 8% from med-
tech and digital health.
The partnering conference started in Stockholm in
2013 and is arranged by the trade organisation Sweden-
Lars Rebien Sørensen, chairperson of the board of the Novo
Nordisk Foundation, speaking at the opening ceremony of
BioInnovation Institute (BII) in 2018.
Nordic Life Science Days in Malmö 2019.
BIO. Lasting four days, the conference offers workshops,
business presentations, debates, and one-on-one
meetings between companies, partners and investors.
Co-arrangers include Invest in Skåne, the City of Malmö,
Business Sweden, Healthcare Denmark, Copenhagen
Capacity and others. Sponsors include Novo Holdings,
Medeon, AstraZeneca, HealthCap, Industrifonden and
others.
CEO:
Helena Strigård
Chairperson:
Lars Adlersson
BioInnovation Institute
Independent, international, commercial foundation with a
non-profit purpose at COBIS in Copenhagen whose focus
is on incubation of life science companies in therapeutics,
bioindustrials and healthtech.
Since it was founded in 2018, the Novo Nordisk Foun-
dation has contributed 465mn DKK to support the set-up
and development of the incubator. 68 startups have
received a total of €35mn since it began, among them
Lund Stem Cell Center and Wallenberg Center for Mole-
cular Medicine in Gothenburg. The incubator became an
independent foundation in December 2020 and has since
partnered with Ferring Pharmaceuticals, which has faci-
lities in Malmö and Copenhagen, as well as with Danish
universities and foreign investors.
PHOTO: SAMUEL LAGERCRANTZ
European Spallation Source (ESS)
Multidisciplinary neutron facility currently under construc-
tion in Lund; expected completion in 2023. ESS’ data cen-
tre, located at COBIS in Copenhagen, opened in 2019. The
ESS facility will be the world’s largest and most advanced
neutron source. In the future, the ESS facility will furnish
new knowledge in e.g. materials research and biotech,
which can be used to develop new drugs, materials, fuels
and more. Denmark and Sverige are host countries for the
ESS facility and are covering almost half of the construc-
tion costs, a total of ca. €1.84bn. An additional 11 European
countries are contributing funding for ESS’ construction,
and it is thus a pan-European research infrastructure.
Not far from the ESS facility is Sweden’s national MAX IV
Laboratory, which is part of Lund University.
Director general:
Helmut Schober
Council chairman:
Beatrix Vierkorn-Rudolph
The Future of Swedish Danish
Life Science
Annual international partnering event held at Medicon Vil-
lage in Lund. The conference is arranged by Life Science
Sweden and Kemivärlden, a leading journal in Scandinavia
with content such as R&D, pharma, biotech, labtech, che-
mistry and medtech . Medicon Village and Medicon Valley
Alliance are co-arrangers. The conference combines
presentations, access to partnering meetings and informal
networking. The next conference will be held on 2 Sep-
tember 2021. The conference started in 2012 and brings
together 400-500 decision-makers from around the globe.
People who work in pharma, biotech and medtech are
CEO:
Jens Nielsen
Chairperson:
Sten Scheibye
Namn.
The Future of Swedish Danish Life Science in Lund 2019.
ØRESUND ACTORS IN THE INVESTMENT AND CAPITAL SECTORS
represented alongside interested parties from academia,
the healthcare sector, policy, regulatory authorities and the
finance sector. The topic of the 2021 conference is opportu-
nities in finance, investments and precision medicine.
Managing Director:
Maria Eriksson
A range of actors in the investment and capital
sectors in Medicon Valley focus partially or
completely on the Øresund Region. Among these
actors are the Copenhagen-based venture capi-
tal fund Sunstone Life Science Ventures, which
invests in biotech companies in Zealand and in
Skåne. Founded in 2020, the private equity com-
pany Eir Ventures is based in Copenhagen and
Stockholm and also has investments in Medicon
Valley. Other venture capital funds such as
Danish Novo Seeds and Swedish HealthCap are
also active in the region, as are financial actors
like Nasdaq and Spotlight Group, which makes
it possible for companies to be on different
company lists and marketplaces in Copenhagen
or Stockholm. The Malmö-based subsidiary Se-
dermera Fondkommission is a financial advisor
linked to Spotlight Group. Since 2014, Seder-
mera Fondkommission has advised multiple
Danish life science companies on going public in
Sweden or listing with Spotlight Stock Market’s
Danish division. In 2018, Spotlight Group opened
offices and a mini stock exchange in Copen-
hagen, and Sedermera Fondkommission also
expanded in 2021 with a new Copenhagen office;
read more about all of these actors in Chapter 5.
PHOTO: NEWS ØRESUND
Student-led non-profit organisation created at the Uni-
versity of Copenhagen in 2014. The organisation works
to bridge the life science industry, students and recent
graduates by e.g. arranging networking meetings, com-
pany visits and summer schools. Synapse has divisions at
the universities in Copenhagen and Aalborg and started a
team in Lund in 2020. In 2018, they were awarded 732 000
DKK from the Novo Nordisk Foundation to continue their
activities; they had received 260 000 from the foundation
the preceding year. Synapse works with e.g. Novo Nordisk
and SmiLe Incubator, and employees from AstraZeneca,
Hackaton at Novozyme’s innovation campus in Kgs.
Lyngby in 2019, arranged by HelloScience and Synapse.
Eir Ventures and Lundbeck Foundation and other have
held presentations. Around 40 volunteers work at Synap-
se, seven of them in Lund.
Chairperson:
Emilie Dalbram
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PHOTO: NEWS ØRESUND
Synapse – Life Science Connect
Nasdaq Copehagen.
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99
PHOTO: PERRY NORDENG/ESS
Øresund actors, cont.
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ACTORS AND ACTIVITIES
ACTORS AND ACTIVITIES
TRADE AND NETWORKING ORGANISATIONS:
• ASCRO
– Swedish association focused on clinical
research and clinical trials
• Cluster Excellence Denmark
- a support function
for clusters and innovative networks in Denmark
co-funded by the Danish Agency for Institutions and
Educational Grants and the regions
• CHI,
Copenhagen Health Innovation – Danish organis-
ation focused on developing new educational and
development activities within healthcare
• Danish Life Science Cluster
– one of 14 new cluster
organisations in Denmark that was highlighted by the
Ministry of Science Innovation and Higher Education
and received funding from the Danish Executive Board
for Business and Growth in October.
• Dansk Biotek
– Danish trade organisation for compa-
nies in biotechnology
• EuropaBio,
the European Association for Bioindustries
– European trade organisation for the biotechnology
industry
• EFPIA,
European Federation of Pharmaceuticals Indu-
stries and Associations – European trade association
for the pharmaceutical industry in Europe
• FOIN,
the Association of Innovative Settings in Den-
mark – Danish trade association for science parks and
innovative settings, formerly Forskerparkforeningen/
The Science Park Organisation
• Healthcare Denmark
– Danish organisation with politi-
cal mandate to market the Danish health care sector
• IFPMA,
International Federation of Pharmaceutical Ma-
nufacturers & Associations - international trade associ-
ation for pharmaceutical companies and associations
• Kemi & Life Science
– Danish trade community and
network for distributors and manufacturers of chemicals
• Lif Danmark
– Trade association for the pharmaceuti-
cal industry
• Lif Sverige
(researching pharmaceutical companies) –
Trade association for manufacturers of pharmaceuticals
• Life Science Law DK
– an independent society that
aims to improve legal conditions for the Danish life
science industry
• Medicoindustrien
– Danish trade association for
companies that produce, sell, or have an interest in
medical equipment
• Pharma Danmark
– trade union for academics
employed in the Danish life science industry
• Swecare
– Swedish member organisation that works
for broad collaboration with the health and healthcare
sectors
• SwedenBIO
– Swedish trade association for the life
science sector
• Swedish Labtech
– Swedish trade association for com-
panies working in diagnostics, laboratory equipment,
analysis and biotechnology
• Swedish Medtech
– Swedish trade association for
medical technology
• SISP,
Swedish Incubators & Science Parks – Swedish
trade association for incubators and science parks
• In addition, there are the broader trade organisations
Dansk Industri (Confederation of Danish Industry) and
Dansk Erhverv (Danish Chamber of Commerce) and Han-
delskammaren (Sweden’s Chamber of Commerce) and
Svenskt Näringsliv (Confederation of Swedish Enterprise).
PUBLIC ACTORS:
• Erhvervsfremmebestyrelse
(The Danish Executive
Board for Business Development and Growth) – a part
of the Danish Business Authority that promotes and
funds decentralized business approaches
• Erhvervsstyrelsen
– Danish business authority that
works to improve companies’ competitive strength
• Innovationsfonden
– Fund from the Danish Ministry
of Higher Education and Science that invests in new
knowledge initiatives
• Läkemedelsverket/Medical Products Agency
– Swedish
authority that tests and approves pharmaceuticals
• Lægemiddelstyrelsen /Danish Medicines Agency
Danish authority that tests and approves pharmaceuticals
• Patent- och registreringsverket/Swedish Patent and
Registration Office
– Swedish authority for intellectual
property rights
• Danish Patent and Trademark Office/Patent- og
Varemærkestyrelsen
– Danish authority for intellectu-
al property rights
The Danish government presenting a new life science strategy in
April 2021. From left: Minister of Higher Education and Science
Ane Halsboe-Jørgensen (S), Minister of Health Magnus Heunicke
(S), Minister of Economic and Business Affairs Simon Kollerup (S)
and Minister of Foreign Affairs Jeppe Kofod (S).
MEDIA:
• Altinget
– News site with a website and newsletter on
research, health and more
• Biostock
– News- and analysis service with a focus on
companies in the life science sector and an editorial
board in Lund’s Medicon Village
• Dagens Medicin
– Swedish journal about the health-
Debate at Altinget’s summer meeting in 2020.
Dansk Industri’s office building near City Hall Square
in Copenhagen, illuminated with a Swedish flag.
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101
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• Styrelsen for Forskning og Innovation
– Danish autho-
rity that works to strengthen research and innovation
• The Government Offices of Sweden’s coordinating Office
for Life Science
– was established in 2018 and is working
among other things with a new life science strategy.
• The Life Science Office at Denmark’s Ministry of
Industry, Business and Financial Affairs
– the govern-
ment office responsible for the implementation of the
Danish national strategy for life science
• Tillväxtverket/ Swedish Agency for Economic and
Regional Growth
– Swedish authority to promote com-
panies’ competitive strength
• Tillväxtanalys/Growth Analysis
– Swedish authority
with tasks such as analysing and evaluating Swedish
growth policies
• Trial Nation
– Danish organisation that offers a single,
national entry point for actors wishing to conduct
clinical trials in Denmark
• Vetenskapsrådet/Swedish Research Council
Swedish authority that works to promote Swedish
research
• Vinnova
– Swedish authority that works to improve
opportunities for innovation and research
• Wonderful Copenhagen
– Danish organization
working to attract e.g. life science conferences to the
Medicon Valley region
PHOTO: NEWS ØRESUND
care sector
• Dagens Medicin, Dagens Pharma, Kommunal Sund-
hed and Praktisk Medicin
– Danish journals about the
healthcare sector
• European Biotechnology News
– European journal
about life science
• Greater Copenhagen Life Science Magazine
- Scandi-
navian life science magazine published by the Danish
marketing and advertising agency Nem Media
• Kemivärlden Biotech
– Scandinavian journal for chem-
istry, chemical engineering and biotechnology
• Labiotech.eu
– European news site on the biotechno-
logy industry
• Life Science Sweden
– Journal on the Swedish bio-
technology, medical technology and pharmaceutical
industries
• MedWatch
– Danish news site on the medical and
pharmaceutical industries
• Nordic Life Science News
– journal and news site on
the Nordic life science industry
• Pharma Industry
– Swedish trade journal for the phar-
maceutical industry
PHOTO: NEWS ØRESUND
Multiple actors associated with the life science
sector and Medicon Valley
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ACTORS AND ACTIVITIES
ACTORS AND ACTIVITIES
PHOTO: NEWS ØRESUND
Medicon Valley’s science parks have no organised, formal collaboration in the life sciences;
instead, collaborations across the Øresund have a project-based character and focus on e.g.
matching skills and incubation growth. Most of the region’s science parks are members of the
Danish-Swedish network organisation Medicon Valley Alliance, which works to promote life
science collaborations in the Øresund Region.
SCIENCE PARKER OG INCUBATORS
INDEN OM LIFE SCIENCE
ON ZEALAND
DTU SCIENCE PARK*
(Lyngby and Hørsholm)
Kristianstad
Hørsholm
Lyngby
København
Lund
Malmö
COBIS BY SYMBION
Founded:
2009
Number of companies:
Approx. 100
Number of people:
Approx. 500
Location:
Copenhagen
Focus:
Life science
Øresund collaboration:
COBIS has had nume-
rous projects and joint experience exchanges with
partners across Øresund, including Invest in Skåne
and Medeon and MINC in Malmö. Some of the col-
laborations have been with Medicon Valley Alliance,
others as part of the Scandinavian project Health-
Tech Nordic; Invest in Skåne and SmiLe Incubator in
Lund are also collaborators in this project.
Morten M. Jensen, CEO:
– Today, COBIS is one of seven locations in the
IN SKÅNE:
IDEON SCIENCE PARK*
(Lund)
SMILE INCUBATOR
(Lund)
COBIS
(Copenhagen)
MEDICON VILLAGE
(Lund)
BIOINNOVATION
INSTITUTE
(Copenhagen)
*Science parks with partial focus on the life
sciences and on other sectors as well.
MEDEON SCIENCE PARK
(Malmö)
KRINOVA SCIENCE PARK*
(Kristianstad)
DTU SCIENCE PARK
Founded:
2004
Number of companies:
300
Number of people:
4 300
Location:
Hørsholm and Lyngby
Focus:
Deep tech, life science, biotech and med-
tech comprise around 40% of the science park.
Øresund collaboration:
DTU Science Park has
had project-oriented collaborations with MINC in
Malmö and Ideon in Lund. In 2020 it was part of
an Interreg-project on Science City Lyngby with
Lund Municipality, Ideon and others. At present,
DTU Science Park has no active collaborations
with any science parks in Skåne, but are in conti-
nuos dialoque with the various actors in the Skåne
Steen Donner, CEO:
– At DTU Science Park we are
always open to collaborations
across national borders, and
we have established multiple
alliances with strong collabo-
rative partners in Europe and
the USA, primarily to support our startups. We know
that we have very good, talented colleagues on the
other side of the strait with whom we can colla-
borate. If such collaborations – despite a number
of attempts – have yet to be firmly established, it’s
simply due to circumstances. The timing needs to be
right; the shared interests need to be right; and the
project needs to be in an area on which both parties
are focused at that particular point in time; the re-
sources need to be in place for both parties to carry
out the collaboration, and finally, the project’s scope
needs to be large enough so that it’s interesting for
both parties. Unfortunately, these conditions haven’t
all been met at the same time yet, but we have not
abandoned our wish to strengthen collaboration
across the Øresund.
BIOINNOVATION INSTITUTE
Founded:
2017. BioInnovation Institute Foundation
(BII) was established as a commercial foundation
with a non-profit purpose in December 2020.
Number of companies:
68
Total number of employees at COBIS, where BII
is located:
Approx. 500
Location:
COBIS, Copenhagen
Focus:
Bioindustrials, therapeutics, healthtech
Øresund collaboration:
BII is a member of Medicon Valley Alliance and
has continual dialogues with incubators, univer-
sities, science parks and other on the Danish and
Swedish sides of the Øresund. BII has an indu-
Jens Nielsen, CEO:
– Bringing research out of the universities and
onto the market for the benefit of society is a long
journey, and working together across national bor-
ders is a must. In the past, we visited a number of
Nordic innovation initiatives in order to understand
how they work and to create network relationships
that can facilitate development in the area as a life
science innovation hub. In the future, we want to
work to secure the establishment of several solid
companies that will continue to enrich science
parks and incubators on both sides of the Øresund.
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startup ecosystem
strial collaboration with e.g.
Ferring Pharmaceuticals,
whose facilities are located
in Copenhagen and Malmö.
In 2020, BII funded research
at the Wallenberg Centre for
Molecular Medicine at Lund
Stem Cell Center.
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Collaborations between science parks in the
Øresund Region are project-based
Symbion community with
approx. 650 startups distribu-
ted throughout Copenhagen.
With so many clients with
diverse needs it is crucial
that we continuously develop
and strengthen our business
offer. A central parameter in
this is establishing international relations, because
we know that the majority of our clients are active
in a global arena and seek out clients, partners
and/or funding all over the world. Over the years,
COBIS and Symbion have supported that demand
with a long list of collaborations with science
parks, incubators, funding sources and other
actors in the ecosystem for startups on the other
side of the Øresund. Sweden is an interesting mar-
ket for collaboration because the culture, labour
market and business environment are very similar
to those of their Danish counterparts. For many of
our clients, Sweden is thus the first natural choice
for an export market. Access to capital via the stock
exchange in Sweden is also more active than in
Denmark, and that has led several of our clients
to seek funding in the Swedish ecosystem. And
that’s one of many areas where collaboration with
Swedish actors plays a central role.
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ACTORS AND ACTIVITIES
ACTORS AND ACTIVITIES
MEDICON VILLAGE
Founded:
2012
Number of companies:
Approx. 170
Number of people:
Approx. 2 600
Location:
Lund
Focus:
Pharmaceuticals, medtech, and biotech
Øresund collaboration:
Medicon Village collaborates
with Medicon Valley Alliance and the seed accele-
rator Accelerace in Copenhagen. COBIS also has a
strategic partnership with Accelerace, which runs the
mentorship programme NOME; Accelerace receives
support from the Novo Nordisk Foundation, and
Medicon Village is one of seven Nordic partnership
organisations. Medicon Village thus has a collabora-
tion with the Novo Nordisk Foundation via NOME.
Kerstin Jakobsson, CEO*:
– It’s important that all
of the innovation-support
organisations in Scandinavia
work together to help entre-
preneurs and development
companies so that even
more successful companies
can be developed and make
their mark on the international market. If we can
cluster our successful companies in Scandina-
via in different segments as an indication or a
technological platform, we can be even better
at attracting international capital and expertise
to the region. With that said, collaboration in
the Øresund Region is extremely important; we
have the proximity to each other – there’s just a
bridge between us... although the distance over
the bridge seems longer at this moment in time.
We already need to prepare for the time after
the pandemic now, when we can meet in person
again; in the meantime, we need to make sure not
to lose contact.
IDEON SCIENCE PARK
Founded:
1983
Number of companies:
Approx. 400
Number of people:
Approx. 10 000
Location:
Lund
Focus:
Healthtech/medtech and some biotech.
30% of the companies are active in the life scien-
ces. Ideon also focuses on ’smart cities’, ’trans-
portation of the future’, and ’smart materials’.
Øresund collaboration:
Ideon collaborates with
Danish medtech companies via the network
Medtech Network, which is run by Medicon Valley
Alliance. Ideon also collaborates with Copenhagen
Capacity on student-matching activities for Ideon’s
companies. Furthermore,
Ideon has a collaboration
with the headquarters of the
UN’s global unit for project
implementation UNOPS
in Copenhagen; UNOPS’
innovation centre is located
on Ideon’s premises. Ideon
has a continuing dialogue
with CBS, DTU and Bloxhub and wants to increase
its collaborations.
Mia Rolf, CEO*:
– We aren’t fully integrated yet, which is a sha-
me. We may not be as cool as Copenhagen as a
city, but our deep tech knowledge within various
areas like medtech, foodtech, proptech, Iot, AI,
clean energy, mobility and more combined with
our entrepreneurial skills puts us and Sweden in
the very top of the sustainable innovation league.
And we are open to interregional partnerships. I
think this combined region has a lot to offer both
growth companies and international talents.
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* Kerstin Jakobsson was appointed CEO of Kongsberg Beam Technology AS, a medtech company in Oslo Cancer Cluster Norway,
earlier this year. Kerstin Jakobsson has been part of the management team of Medicon Village and deputy CEO since the start in 2012
and CEO of Medicon Village Innovation AB since 2018
PHOTO: NEWS ØRESUND
* Mia Rolf will take the post as the director of marketing and communications at Wihlborgs Fastigheter AB by 1 August 2021 at
the latest. Wihlborgs is a property developer specialising in commercial properties in the Øresund Region. Mia Rolf has been CEO
of Ideon Science Park in Lund since 2016.
SMILE INCUBATOR
Founded:
2007
Number of companies:
25-30
Number of people:
Approx. 350
Location:
Lund
Focus:
Biotech, pharma, medtech, and e-health
Øresund collaboration:
SmiLe Incubator has had
collaborative projects including events and boot
camps with COBIS, DTU and CBS, and is also
associated with Health Tech Hub and BioInnova-
tion Institute in Copenhagen and with Erhvervs-
hus Sjælland (Business Hub Zealand) for support
and development of startups. In addition, SmiLe
Incubator has had companies that were accepted
in the mentorship programme NOME, which is
funded by the Novo Nordisk Foundation.
Ebba Fåhraeus, CEO:
– Collaboration with other
actors across the Øresund
is extremely important. We
like running transborder
projects, and doing that
requires good relationships.
I believe that it pays off; we
have different networks on
both sides of the Øresund and can share each
others’ networks, and above all companies can
establish contacts that they otherwise wouldn’t
have had the opportunity to.
We can complement one another in terms of
different specialisation areas, and there might
also be expertise on one side that’s important for
a company in the network on the other side. The-
re are a large number of pharma companies in
Denmark, and their specific therapeutic areas are
based on expertise from the region, for example
in Lund; tapping into that is pertinent for startups
in Skåne. Lund is strong in immunoncology and
cancer in general, so collaboration in those areas
is relevant, and SmiLe also has advanced labs and
equipment to which companies have access.
panies become members
of MVA. Medeon has
previously had collaborative
projects with COBIS and
Biopeople; these are not
currently active.
Ulf. G. Andersson, CEO:
– Collaboration between
science parks and incubators across the Øresund
is important, and it will grow more even more
important for strengthening Medicon Valley’s in-
ternational competitiveness as time goes on. It’s
vital that such cooperation is sustainable in the
long-term, and that it is focused on the life sci-
ence companies’ needs rather than short-term,
project-funded, top-down planning and events.
PHOTO: SMILE INCUBATOR
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MEDEON SCIENCE PARK & INCUBATOR
Founded:
1985
Number of companies:
Approx. 60
Number of people:
Approx. 400-450
Location:
Malmö
Focus:
Pharma, medtech, biotech, and health care
Øresund collaboration:
Medeon collaborates
with Medicon Valley Alliance, and Medeon-com-
KRINOVA INCUBATOR & SCIENCE PARK
The science park Krinova is in Kristianstad,
northwest Skåne, and focuses on food, environ-
ment, and health; because of sector overlap,
these areas of focus are partially or entirely
within the life science sector.
Krinova is owned by Kristianstad Municipality,
its subsidiary Kristianstads Industribyggnads AB
and Högskolan Kristianstad Holding AB. Krinova
has collaborated across the Øresund with the
Technical University of Denmark (DTU), Universi-
ty College Absalon, and others.
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ACTORS AND ACTIVITIES
ACTORS AND ACTIVITIES
“The things we can do better together working
across the Øresund are things we should pursue”
26 public and private organisations have joined forces to found the Danish Life
Science Cluster with headquarters in Copenhagen. While the new cluster is prio-
ritising more extensive collaboration and associations between life science actors
in Denmark first and foremost, the chair of the board also welcomes trans-Øre-
sund collaborations.
Danish Life Science Cluster is one of 14 new
business clusters in Denmark highlighted by the
Danish Executive Board for Business Development
and Growth in 2020 in line with new legislation on
business promotion from 2019. The objective is use
business clusters to strengthen Danish innovation,
green transition, and financial group cohesiveness.
The organisation wants to start by prioritising more
developed collaborations between Danish life science
actors, but external collaborations will also be on the
agenda, says Kim Kjøller, chairman of the board at
Danish Life Science Cluster.
At his day job, he is CEO of the Copenhagen-based
biotech company Union Therapeutics. From 2015-
2020 he was head of research and development at the
pharmaceutical company LEO Pharma.
– We have historical collaborations in the Øresund
Region, and we will definitely continue to have them.
The collaborations are both on the commercial and on
the academia fronts. I think we should open a mutual
invitation and say: the things that we can do better
together working across the Øresund are things we
should pursue, says Kim Kjøller, noting that the stra-
tegical processes regarding external collaborations will
start when Danish Life Science Cluster’s new director,
Diana Arsovic Nielsen, takes the helm on 1 July 2021.
She is leaving behind a position as director of the
Centre for Regional Development at the Capital
Region of Denmark, and she was previously head
of innovation for the Municipality of Copenhagen,
among other things.
In addition to being open to transregional collabo-
ration, says Kim Kjøller, Danish Life Science Cluster
will contribute positively to the Danish life science
sector in various ways: among the cluster organisation’s
goals are more joint coordination and greater know-
ledge exchange and visibility between industry and the
universities; this in turn will result in improved patient
treatment, as well as more growth opportunities and
more jobs in Denmark for life science companies.
106
Novo Nordisk Foundation funded a super microscope
in Lund in 2018 – next year it will be ready for use
When the Novo Nordisk Foundation granted ca €35mn to set up ”the world’s
most powerful protein microscope” in Lund four years ago, it was the founda-
tion’s largest investment in southern Sweden to date. The microscope will be
operational in 2022, and the investment itself is part of the foundation’s strate-
gic initiative ”Copenhagen Bioscience Cluster”.
The world’s most powerful ”protein microscope”,
located at the Swedish, national research lab MAX
IV in Lund, should be ready for use in late 2022.
Funding for the microscope, called MicroMAX,
came in 2018 from Denmark’s – and one of the
world’s – wealthiest foundations, the Novo Nord-
isk Foundation.
The foundation granted 225mn DKK – equal to
ca €35mn –for the microscope, which enables prote-
ins to be studied in greater detail than ever before and
thus also offers a new base for the development of
new medicines and more.
Novo Nordisk Foundation’s grant will extend
over 14 years. It has preliminarily covered the costs
of the four years of construction of MicroMAX, and
will also cover ten years of operational costs for the
microscope in Lund.
– The grant to MAX IV is the Novo Nordisk Foun-
dation’s largest grant to southern Sweden (the Medicon
Valley region) to date, says Dagnia Looms, senior vice
president of the Novo Nordisk Foundation.
The foundation’s involvement in the MAX IV-lab
in Lund is part of a broader strategic initiative that
the Novo Nordisk Foundation calls ”Copenhagen
Bioscience Cluster”. The goal is to create a cluster
of world-class research structures and infrastructure
in the Capital Region of Denmark and in Skåne, in
southern Sweden.
The initiative has been ongoing for the past 8-10
years, and in that time the Novo Nordisk Founda-
tion has granted over 6,5 billion DKK (€875mn) to
establish and expand the cluster on both sides of the
Øresund.
When the microscope MicroMAX in Lund
is operational next year, it will thus truly be part
of the Copenhagen Bioscience Cluster. Accor-
ding to Dagnia Looms, the many investments
and initiatives aim to increase the international
visibility of the region’s research and innovation,
to attract international talents and star researchers
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Previously, the Danish
life science innovation
system comprised e.g. five
small cluster organi-
sations: Copenhagen
Health Cluster, Life
Science Innovation North
Denmark, MedTech
Kim
Innovation Consortium,
Kjøller.
Welfare Tech and BioPe-
ople. These five regional cluster organisations have
now ceased to be individually operating units and have
merged into a single national organisation, Danish Life
Science Cluster. According to Kim Kjøller, this will
make it easier for life science actors to find with the
right collaborator – both in Denmark and abroad.
– It’s about improving the way we make use of each
other and the joint institutions in the collaboration.
We have fantastic expertise at the universities, and
small and medium-sized companies aren’t even neces-
sarily aware of its existence, says Kim Kjøller.
DANISH LIFE SCIENCE
CLUSTER
• Represents ca 500 small and medium-sized
companies in the sector.
• Received a total of 13mn DKK from the Danish
Executive Board for Business and Growth and
21mn DKK from the Ministry of Higher Education
and Science in 2020.
• Ca 30 people will work at Danish Life Scien-
ce Cluster, which will have regional offices in
Denmark’s four largest cities and headquarters
in Copenhagen.
• The University of Copenhagen, the Danish
Chamber of Commerce, Confederation of Danish
Industry, Dansk Biotek and Medicoindustrien are
among the cluster’s 26 partners.
to the region, stimu-
late cross-pollination
between university
environments, hospi-
tals and businesses,
and to contribute to
a knowledge-based
community.
Dagnia
– The major focus
Looms.
of the foundation’s stra-
tegic initiatives in the
current strategic phase has been on Denmark, with
increasing emphasis on international collaboration
and collaborative projects with international partners.
The largest allocations made have been to partners in
the USA, Sweden and England, says Dagnia Looms.
Novo Nordisk Foundation Center for Stem Cell
Biology, DanStem, in Copenhagen, with around
250 employees, is also part of the ”Copenhagen
Bioscience Cluster”. The centre is headed by the
Swede Professor Henrik Semb.
The new director of the Novo Nordisk Founda-
tion, Mads Krogsgaard, who was Novo Nordisk’s
research director for many years, announced this
May that stem cell research will be a major area for
the foundation in its new 2030-strategy. The Novo
Nordisk Foundation plans to use the coming years
to complete the strategic process whilst the Micro-
MAX-microscope in Lund reaches completion.
PHOTO: DANISH LIFE SCIENCE CLUSTER
NOVO NORDISK FOUNDATION
Foundation with corporate interests. Its capital is
managed by its subsidiary Novo Holdings, which
is the largest shareholder of the listed compa-
nies Novo Nordisk A/S and Novozymes A/S. The
foundation employs more than 200 people.
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107
PHOTO: NOVO NORDISK FOUNDATION
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ACTORS AND ACTIVITIES
ACTORS AND ACTIVITIES
MVA SEES THE GREATER COPENHAGEN REGION AS
A TEST BED FOR DANISH-SWEDISH INNOVATION IN
THE LIFE SCIENCES
The Greater Copenhagen Region should be a test bed for more innovative collaboration in the life sci-
ences between Denmark and Sweden, says Petter Hartman, administrative director of Medicon Valley
Alliance, who will become CEO of Medicon Village Innovation AB in Lund in November. To achieve that,
there should be concrete pilot projects for the benefit of patients as well as the industry in both countri-
es. For that to happen however, there’s a need for increased resources and political determination.
the Øresund Region, and joint projects that deal with
health data.
– I see good potential to create synergies across the
border in those areas. As far as health data goes, the
fact that our systems are so similar and contain such
volumes of information means that if we can find
ways to collaborate there, it will be extremely positive
for both Swedish and Danish life science, says Petter
Hartman.
Border obstacles hit the labour market on
both sides of the Øresund
Unfortunately, the past year with the coronavirus-pan-
demic has also shown that joint coordination in
Øresund Region is far from functional, and the open
society has been facing yet another challenge, on top
of previous years’ closed border and the migrant crisis,
according to Petter Hartman.
– When a crisis hits, the pressure is often felt in
border regions, he says.
– We have to handle crisis situations better. Border
regions get shabby treatment on a national level, and
that has to change if border regions are to be motors
for growth, he says. He emphasises that the consequ-
ences can be dire for Medicon Valley, as it will become
more difficult to reap the advantages of the shared,
transregional labour market and promote Greater
Copenhagen as an integrated metropolis.
Border obstacles on the labour market are pro-
blematic for life science businesses in and around
Copenhagen, where many Swedes are employed, as
well as for biotech companies in Malmö and Lund,
which are dependent on attracting key actors from e.g.
larger scale Danish pharmaceutical companies, says
Petter Hartman.
He has, however, been pleased to see the innova-
tive force in Medicon Valley during the pandemic,
where more than 200 research projects related to
Covid-19 have been started, and he is happy that the
life science sector as an industry is stable against the
ups and downs of the market. That was clear from a
survey conducted by Øresundsinstituttet in the spring
of 2020 in which 125 life science businesses in Skåne
were asked questions as part of the project Greater
Copenhagen Life Science Analysis Initiative. 80% of
the companies interviewed reported that it had not
been necessary to dismiss employees at the beginning
of the pandemic.
Petter Hartman hopes that in 2021, they and other
transborder actors in the region can continue to take
steps toward a stronger collaboration on academic edu-
cation between Copenhagen and Skåne.
He welcomes the establishment of the new Danish
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
collaboration across the Øresund. The award was deve-
How can the trans-Øresund life science sector be
loped by the city of Malmö and Øresundsinstituttet.
strengthened? According to Petter Hartman, CEO of
Petter Hartman adds that the transregional projects
the Danish-Swedish network organisation Medicon
MVA runs, for example DiaUnion or ReproUnion, are
Valley Alliance (MVA), there are several answers to
not meant to only be relevant for MVA’s 300 mem-
that question. The important thing is walking the walk
bers. They should enrich the region’s research capacity
and allocating financial resources to concrete projects
more broadly and benefit patients as actors from the
across the Øresund.
Danish and Swedish sectors come together to develop
– I believe that getting concrete collaborations on
joint biobanks, new treatments,
their feet is the best recipe for
strengthening integration in
”When a crisis hits, the
transborder screening program-
mes, or run clinical studies on
the long-term. Opportunities
both sides of the Øresund.
pressure is often felt
to meet aren’t enough, even
According to
if seeing each other at events
in the border regions.”
man, in additionPetter Hart-
to strengthe-
and sharing experiences is
ning relationships between
a good start. When people
researchers and the life science industry, transregional
work together – when we let our various competences
projects also demonstrate that the Øresund Region is
cross-pollinate – we can take that extra step, he says.
a place where complex ideas and pilot studies can be
MVA was founded almost 25 years ago. It was at
tested and developed by actors in the sector.
the time when Ørestad was established, the Øresund
– The single most important role that Medicon
Bridge was nearing completion, and a group of experts
Valley and Greater Copenhagen have is to be a hub for
strategically pointed out the greater Copenhagen area
experiments, a place to put solutions to the test and
as a centre of medical research and development.
bring together the best of both countries, says Petter
In the past five years as MVA’s CEO, Petter
Hartman. He adds:
Hartman has prioritised concrete regional collabora-
– Denmark is a tiny country. Sweden is a relatively
tion more highly. As a result, the organisation is now
tiny country. Our volume is greater together, and I
running five transregional projects with universities,
believe it gives us a better chance of increasing our
hospitals, companies and political interest organi-
attractiveness internationally. In that context, the Øre-
sations in the Øresund Region. MVA’s projects are
sund Region can be seen as the place to find and test
funded in part by the EU’s Interreg fund, as well as by
solutions to shared issues or try out new models for
the Novo Nordisk Foundation and others.
collaboration between the public and private sectors.
– Over the past five or six years, we’ve successfully
And if it succeeds in Medicon Valley, the lessons can
transformed the organisation and become a platform
be passed on and scaled up to a Nordic and perhaps
for collaboration that facilitates collaborations on both
even an international level. That’s how I believe the
sides of the strait and attracts funding for research and
Øresund Region should be used – as a frontrunner for
development, Petter Hartman says.
transborder collaboration where it’s pertinent.
The region as a hub for experiments
As Petter Hartman sees it, the areas in which more
transborder collaboration will be advantageous in the
This February, MVA’s efforts led to the organisation
future are related to research commercialisation, coor-
being selected as the winner of the first Malmö Greater
dination of clinical studies, international marketing of
Copenhagen Business Award for its work promoting
108
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Petter Hartman.
Life Science Cluster and hopes that the organisation
with its 26 actors will be able to simplify the innova-
tion system with complementary activities.
In addition, MVA wants to advocate a model for
how life science projects wishing to be active on both
sides of the Øresund can access public funding and thus
avoid being hindered by requirements that financial
support be used exclusively in Sweden or Denmark.
– If we succeeded in getting national fund structu-
res with public resources to support initiatives meant
for both Sweden and Denmark, it would be very, very
positive, says Petter Hartman.
MEDICON VALLEY ALLIANCE
• Non-profit membership organisation in the Da-
nish-Swedish life science cluster Medicon Valley.
• Founded in 1997, the organisation works to
promote the integration of Danish and Swedish
life science in the Øresund Region.
• MVA’s members include more than 300 actors
from the sector, among them universities, hospi-
tals, life science businesses, regional governme-
nts and service providers in the Øresund Region.
• The organisation facilitates network groups
for oncology, medtech, R&D and more, and runs
transregional projects in fertility and diabetes.
109
PHOTO: NEWS ØRESUND
PHOTO: NEWS ØRESUND
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PHOTO: NEWS ØRESUND
INVESTMENTS
Differing capital structures in Medicon Valley
mean differing funding conditions
Access to risk capital in Medicon Valley has improved in general in recent years, according to a
number of investment companies and life science businesses with Danish-Swedish ownership. That
has a positive effect on funding conditions in the region on the whole. A major difference across the
Øresund remains that the stock market is more accessible in Sweden, while actors from the sector
maintain that access to venture capital is better in Denmark. Although there are numerous listed
companies in Skåne, the total market value of the listed companies is significantly higher in Zealand.
When it comes to capital structure, one of the
greatest differences in the Danish-Swedish Medicon
Valley cluster is that there are far more listed life
science companies in Skåne compared to the number
in Zealand. 71 companies were identified as having
headquarters in Skåne and listings in Stockholm, and
20 life science companies were identified as having
headquarters in Zealand and listings in Copenhagen.
In addition, there are 12 Danish life science compa-
nies listed in Stockholm.
This bears witness to the generally more active
stock market in Sweden; this is in part due to lower
taxation on shares, which makes it more attractive for
private individuals to invest.
As an example, five life science companies in Skåne
have gone public in the spring and summer of 2021
to date; on the Danish side of the strait however, no
company has gone public yet this year. Furthermore,
a total of around 700 companies – in the life sciences
and in other sectors – are listed on Nasdaq Stockholm,
whilst around 170 companies in all sectors are listed on
Nasdaq Copenhagen. When it comes to Spotlight Stock
Market, a total of 158 companies in the life sciences
and in other sectors are listed in Stockholm, whilst five
companies in the sector across the Øresund are listed on
Spotlight Stock Market’s mini exchange in Copenhagen.
Although a number of Danish life science compa-
nies chose to list in Copenhagen in 2020, going via
the stock exchange is more convenient for life science
companies in Skåne. There is a particularly high con-
centration of biotech- and pharma companies in the
Malmö-Lund area.
INVESTMENTS, OWNERSHIP
AND LISTINGS
Many listings in Skåne are linked to fewer
venture capital opportunities
Sweden’s more active stock exchange has also been an
advantage for Danish life science companies, which
have sought capital via Nasdaq or Spotlight Stock Mar-
ket in Stockholm since 2014. The Swedish investment
company Sedermera Fondkommission has headquar-
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
ters in Malmö and has advised 12 Danish life science
companies on going public in Sweden. Like its parent
company Spotlight Group did in 2018, the company
has now set up offices and a physical presence in Copen-
hagen as well. A result has been closer financial links in
the Øresund Region – read more on page 120-121.
Sometimes however, the more lucrative stock market
path in Sweden is a necessity for funding life science in
Skåne, the reason being that unlike in Zealand, there
are fewer options for continued funding by professional
national and foreign investors, according to a number of
life science companies and investment companies with a
Danish-Swedish stance – read more on page 129-134.
The same points were made in the report Life
Science in Skåne from 2020, which was prepared
by Øresundsinstituttet. 20 predominantly small
biotech- and medtech companies in Skåne expres-
sed in written and spoken interviews that access to
risk capital is a must.
Despite there being more than three times as many
listed life science companies in Skåne, the total market
value of the group of listed life science companies in
Zealand is significantly greater. This highlights another
structural difference within the Danish-Swedish
Medicon Valley cluster regarding company size, with
beacon companies such as the listed Novo Nordisk
and H. Lundbeck. These global companies contribute
seed- and venture-funding to Danish life science via
commercial foundations. There are no foundations of
that calibre in Skåne, which leads to an imbalance.
However, Danish and Swedish companies in
Medicon Valley benefit in general from internatio-
nal investors growing interest in the region as they
look for new investment opportunities, say Danish
and Swedish investment companies – read more on
page 124-129. The Medicon Valley ecosystem has
matured, and according to a number of companies
with Danish-Swedish ownership in the region, that
has largely improved the opportunities for start-up
funding – read more on page 129-134.
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INVESTMENTS
INVESTMENTS
NUMBER OF LISTED COMPANIES IN DENMARK AND SWEDEN
Across sectors
800
700
600
500
400
300
200
100
0
MARKET CAP IN MEDICON VALLEY
Euro in billions
250
200
150
In the life science sector
80
70
60
50
40
30
708
71
226,56
665
Since 2014, 13 life science companies
from Denmark have gone public in
Sweden, 12 of which are still listed – on
Nasdaq and Spotlight Stock Market in
Stockholm, respectively. The companies
initially raised ca 665mn SEK in capital, or
ca €65mn. Share emissions following the
IPO have increased the amount of capital
raised by the company further. Sederme-
ra Fondkomssion in Malmö has helped
multiple Danish life science companies
list – read more on page 120-121.
169
158
20
10
0
20
12
100
50
12,46
71 life science
71 life science
companies with
companies with
headquarters in
headquarters in
Skåne (listed in
Skåne (listed in
Sweden)
Sweden)
Nasdaq
Stockholm
Nasdaq
Spotlight
Copenhagen Stock Market S
Stockholm*
Headquarters Headquarters
Danish
Danish
Headquarters in Headquarters in
in Skåne
companies
Skåne – listed in Zealand – listed companies
in Zealand
in
Denmark listed in Sweden
Sweden
listed in
listed in
listed in
Sweden
Sweden
Denmark
0
0,83
20 life science
20 life science
The 12
12 Danish
The
Danish
companies with life science
companies with
life science
headquarters in companies
listed
headquarters in
companies
Zealand (listed listed in Sweden
Zealand (listed in in Sweden
in Denmark)
Denmark)
Source: Nasdaq and Spotlight Stock Market. *10 companies from Spotlight NEXT are added to Spotlight Stock Market in Stockholm. Spotlight Next is for
companies that want greater internal control. Note that five companies are listed on Spotlight Stock Market in Copenhagen
20 LIFE SCIENCE COMPANIES WITH HEADQUARTERS IN ZEALAND
– LISTED IN DENMARK
Company name
13 DANISH COMPANIES HAVE LISTED IN SWEDEN SINCE 2014,
12 OF WHICH ARE STILL LISTED
Company name
Subsector
Biotech/pharma
Medtech
Biotech/pharma
Biotech/pharma
Medtech
Biotech/pharma
Medtech
Medtech
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Healthtech
Medtech
Biotech/pharma
Exchange/
marketplace
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Spotlight Stock
Market
Nasdaq
Nasdaq
Spotlight Stock
Market
HQ site
Bagsværd
Humlebæk
Copenhagen
Bagsværd
Ballerup
Hørsholm
Ballerup
Smørum
Valby
Hørsholm
Hellerup
Allerød
Søborg
Copenhagen
Hellerup
Birkerød
Copenhagen
Copenhagen
Virum
København
Listing
date
1974
1983
2000
2000
1869
2010
1992
1996
1999
2005
1998
2006
2010
2017
2004
2018
2020
2020
2020
2020
Market cap in €;
3 May 2020
110 460 611 994
27 079 187 850
19 897 956 846
13 570 409 969
10 520 876 376
10 358 560 322
10 177 742 727
10 000 764 506
5 116 499 789
3 623 016 040
2 374 212 266
1 553 920 114
1 204 831 618
274 026 828
165 812 002
95 828 249
45 591 669
18 189 275
13 200 924
8 133 584
€226 559 372 949
Subsector
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Healthtech
Biotech/pharma
Biotech/pharma
Medtech
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Exchange/
marketplace
Spotlight
Stock Market
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Spotlight
Stock Market
Nasdaq
Nasdaq
Nasdaq
Spotlight
Stock Market
Spotlight
Stock Market
Nasdaq
HQ site
Lund/Holte
Glostrup
Copenhagen
Hørsholm
Copenhagen
Helsingborg/
Copenhgen
Lund/
Hørsholm
Copenhagen
Malmö
Hellerup
Hørsholm
Aarhus
Ansager
Listing
date
2016
2014
2019
2016
2018
2020
2016
2017
2016
2015
2017
2020
2015
Market cap in
€; 3 May 2020
200 539 431
141 706 269
114 961 520
108 721 462
72 377 343
53 852 187
34 651 459
32 049 812
25 802 006
21 436 145
11 240 128
8 145 686
Capital app-
rox. raised
at IPO
32mn SEK
17 mn SEK
22 mn SEK
18 mn SEK
26 mn SEK
55 mn SEK
20 mn SEK
18 mn SEK
125 mn SEK
20 mn SEK
20 mn SEK
42 mn SEK
Novo Nordisk B A/S
1
Coloplast B A/S
Genmab A/S
Novozymes B A/S
GN Store Nord (GN Hearing)
Chr. Hansen Holding A/S
Ambu A/S
Demant A/S
H. Lundbeck A/S
ALK Abelló B A/S
Bavarian Nordic A/S
ChemoMetec A/S
Zealand Pharma A/S
Orphazyme A/S
Bioporto A/S
ViroGates A/S
Curasight A/S
Monsenso A/S
Audientes A/S
Cessatech A/S
SynAct Pharma AB
1
Saniona AB*
FluoGuide A/S*
Expres2ion Biotech Holding AB
Scandion Oncology A/S*
Qlife Holding AB
RhoVac AB
2curex AB
Acarix AB
Allarity Therapeutics A/S
(formerly Oncology Venture A/S)*
Initiator Pharma
DanCann Pharma A/S
Neuvolution (delisting)
2
€825 483 449
665 mn SEK
Source: Nasdaq, Spotlight Stock Market, Nordic Growth Market and information from the companies. Currency rates based on Denmark’s National-
bank. Note that market value indicates the respective share class for trade. Companies can offer multiple share classes, just as a company may have a
number of unlisted shares.
1
Novo was listed in 1974 under the name Novo Industri A/S. Novo and Nordisk later merged in 1989
2
Neuvolution was sold to
Amgen for 1.6bn SEK in 2019. Note that ‘Zealand’ refers to the Capital Region of Denmark. The figures in the above table for capital raised with an IPO are
rounded off. Capital raised with later emissions is not included. Note that even if the companies are classified as Danish companies, some have partial
headquarters in Skåne. Note that Össur, Onxeo and Stenocare are also listed on Nasdaq Copenhagen, but do not have headquarters in Zealand. *Saniona,
FluoGuide, Scandion Oncology and Allarity Therapeutics were originally listed on Spotlight Stock Market but have moved to Nasdaq Stockholm.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
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2420596_0058.png
INVESTMENTS
INVESTMENTS
71 LIFE SCIENCE COMPANIES WITH HEADQUARTERS IN SKÅNE
– LISTED IN SWEDEN
Company name
Company name
Subsector
Biotech/pharma
Biotech/pharma
Medtech
Biotech/pharma
Biotech/pharma
Medtech
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Medtech
Other
Medtech
Medtech
Biotech/pharma
Medtech
Biotech/pharma
Biotech/pharma
Medtech
Medtech
Medtech
Healthtech
Medtech
Biotech/pharma
Biotech/pharma
Medtech
Medtech
Biotech/pharma
Medtech
Biotech/pharma
Biotech/pharma
Biotech/pharma
Exchange/
marketplace
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Spotlight Stock Market
Nordic Growth Market
(NGM)
Nasdaq
Nordic Growth Market
(NGM)
Spotlight Stock Market
Nasdaq
Nasdaq
Spotlight Stock Market
Spotlight Stock Market
Spotlight Stock Market
Spotlight Stock Market
Spotlight Stock Market
Spotlight Stock Market
Spotlight Stock Market
Spotlight Stock Market
Nasdaq
Spotlight Stock Market
Spotlight Stock Market
Nasdaq
Nasdaq
Nasdaq
Spotlight Stock Market
Nasdaq
Spotlight Stock Market
Spotlight Stock Market
Spotlight Stock Market
Listing expected
6 July 2021
Listing expected
6 July 2021
Listing expected
12 July 2021
HQ site
Malmö
Lund
Lund
Lund
Lund
Lund
Lund
Lund
Lund
Lund
Malmö
Lund
Lund
Lund
Malmö
Malmö
Lund
Helsing-
borg
Lund
Lund
Lund
Lund
Malmö
Lund
Lund
Lund
Lund
Lund
Lund
Lund
Lund
Lund
Malmö
Listing
date
2016
2008
2009
2016
2019
2018
2020
2018
2019
2018
2016
2017
2015
2006
2015
2015
2016
2015
2010
2021
2021
2009
2021
2016
2020
2014
2020
2018
2010
2001
2021
2021
2021
Market cap in €;
3 May 2020
24 504 957
24 069 965
23 314 179
22 844 722
22 638 650
22 348 521
21 730 060
18 895 308
16 233 986
16 183 519
15 506 940
15 120 946
14 629 914
14 139 299
11 986 647
10 087 101
9 931 765
9 605 753
9 161 598
7 867 154
7 828 618
6 560 631
6 265 009
5 885 237
5 651 923
5 499 666
4 213 059
3 537 861
2 752 582
1 236 344
Cyxone AB
Market cap in €;
3 May 2020
2 043 447 600
2 013 359 448
1 152 169 719
1 060 610 809
848 255 177
730 682 761
545 124 067
496 671 272
427 770 760
337 996 291
295 534 491
270 859 283
259 534 445
158 168 531
142 833 528
125 618 578
123 015 850
102 255 734
89 445 772
86 693 943
77 290 921
73 555 390
65 558 052
55 466 249
47 603 670
47 350 183
46 345 808
44 612 294
35 280 358
33 518 142
33 385 428
32 799 948
32 090 435
31 823 454
30 744 241
29 567 523
26 878 255
24 545 467
PILA PHARMA AB
WNTresearch AB
Pharmiva AB
Ziccum AB
Coegin Pharma AB
Carbiotix AB
Combigene AB
Enorama Pharma AB
BibbInstruments AB
Prebona Healthcare AB
Medicpen AB
Vibrosense Dynamics AB
Aptahem AB
Invent Medic Sweden AB
AcuCort AB
Abliva AB
Clinical Laserthermia Systems AB
ser. B
Xintela AB
Selectimmune Pharma AB
Lumito AB
Subsector
Medtech
Medtech
Biotech/pharma
Biotech/pharma
Medtech
Biotech/pharma
Biotech/pharma
Foodtech
Medtech
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Medtech
Healthtech
Biotech/pharma
Biotech/pharma
Medtech
Biotech/pharma
Medtech
Biotech/pharma
Other
Medtech
Biotech/pharma
Biotech/pharma
Medtech
Biotech/pharma
CMO
Medtech
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Biotech/pharma
Medtech
Exchange/
marketplace
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Spotlight Stock Market
Nasdaq
Nasdaq
Nordic Growth Market
(NGM)
Nasdaq
Spotlight Stock Market
Nasdaq
Spotlight Stock Market
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Nasdaq
Spotlight Stock Market
Nasdaq
Spotlight Stock Market
Nasdaq
Spotlight Stock Market
Nasdaq
Spotlight Stock Market
Nasdaq
Nasdaq
Nasdaq
HQ site
Malmö
Torekov
Lund
Malmö
Lund
Lund
Lund
Malmö
Lund
Lund
Lund
Lund
Lund
Lund
Malmö
Lund
Malmö
Lund
Lund
Lund
Lund
Lund
Lund
Malmö
Lund
Lund
Lund
Malmö
Lund
Lund
Lund
Lund
Lund
Lund
Lund
Lund
Lund
Lund
Listing
date
2017
1984
2015
2016
2007
2007
2004
1999
2017
2015
2006
2001
2015
2011
1993
2013
2019
2020
1999
2018
2015
2014
2014
2011
2016
2009
2018
2020
2014
2013
2014
1998
2012
2017
2020
2021
2020
2019
Arjo AB ser. B
Nolato AB
Camurus AB
Swedencare AB
CellaVision AB
Hansa Biopharma AB
Probi AB
Midsona AB
Bone Support Holding AB
Cantargia AB
Genovis AB
BioInvent International AB
Immunovia AB
Enzymatica AB
Doro AB
Eql Pharma AB
Ascelia Pharma AB
Aegirbio AB
Glycorex Transplantation AB
Spectracure AB
Hamlet Pharma AB
Optifreeze AB (Opticept
Technologies AB)
BrainCool AB
Axichem AB
Alligator Bioscience AB
Dignitana AB
Iconovo AB
Magle Chemoswed AB
Phase Holographic Imaging Phi AB
Guard Therapeutics International AB
Follicum AB
Active Biotech AB
Respiratorius AB
SenzaGen AB
Bioextrax AB
Spago Nanomedical AB
Acousort AB
Prostalund AB
Spermosense AB
1
Sensodetect AB
Duearity AB
2
Scandinavian Chemotech AB B
Idogen AB
Alteco Medical AB
GPX Medical AB
PolarCool AB
Pharmalundensis AB
European Institute Of Science AB
Amniotics AB
Diagonal Bio AB
€12 458 695 790
Source: Nasdaq, Spotlight Stock Market, Nordic Growth Market and information from the companies. Currency rates based on Denmark’s Nationalbank.
Note that market value indicates the respective share class for trade. Companies can offer multiple share classes, just as a company may have a number
of unlisted shares.
1
Spermosense was first listed on 5 May 2021; market value and currency exchange are calculated for that day rather than 3 May 2021
2
Duearity was first listed on 11 May 2021; market value and currency exchange are calculated for that day rather than 3 May 2021
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INVESTMENTS
INVESTMENTS
€35
bn is how much the Novo Nordisk Foundation granted
Lund University and MAX IV in 2018 to develop the
world’s strongest ”protein microscope”. It should be
ready for use in 2022. The grant is the foundation’s
largest in southern Sweden to date.
PHOTO: SPOTLIGHT
THE NOVO NORDISK FOUNDA-
TION SUPPORTS RESEARCH ON
BOTH SIDES OF THE ØRESUND
Each year, the Novo Nordisk Founda-
tion’s Research Leader Programme
awards grants to researchers in
the natural sciences. In addition to
researchers at Danish universities,
researchers at Malmö University,
Lund University, Uppsala University,
the University of Gothenburg and Ka-
rolinska Institute also received grants
in 2020 and 2021. Professor Char-
lotte Ling from Lund University, who
specialises in diabetes, for example,
received a 10mn DKK grant in 2021.
LARGEST SERIES A INVEST-
MENT IN DANISH BIOTECH:
DANISH AND SWEDISH VEN-
TURE FUND RAISED
380mn DKK, equal to €51mn. The capital was
invested in the Danish biotech company Adcendo by
a consortium comprising five investment compa-
nies – among them Danish Novo Seeds and Swedish
HealthCap – in May 2021. The investment has made
history: it is the largest so-called series A investment
ever in a Danish biotech company. A series A invest-
ment refers to a company’s first significant round of
venture capital financing from established capital
funds following a startup-capital period. Adcendo
was founded in 2017 as a spin-out from research at
the University of Copenhagen and Rigshospitalet.
Read more about the company on page 130.
HOW HAS THE OPENING OF A
SPOTLIGHT’S COPENHAGEN
OFFICE IN 2018 BENEFITTED
MEDICON VALLEY’S LIFE SCI-
ENCE SECTOR TO DATE?
– It is my experience that both Danish
and Swedish life science companies
and investors have profited from this
and that we see an increased cross
border flow. Six Danish healthcare
companies – Curasight, Cessatech,
FluoGuide, Stenocare, DanCann Phar-
ma and Scandion Oncology – have
listed since medio 2018 and raised
growth capital – a total of approxima-
tely 370mn DKK, says Katrine Hoff,
Head of Danish Market, Spotlight
Stock Market.
* Stenocare has since moved from Spotlight
Stock Market to Nasdaq in Denmark in 2020.
FluoGuide and Scandion Oncology moved
from Spotlight Stock Market to Nasdaq
Sweden in 2021.
€450
Bn – that’s how much the investment company Nordic
Capital has invested in Denmark’s oldest pharma com-
pany LEO Pharma. Nordic Capital has offices in e.g.
Stockholm and Copenhagen. After 35 years, the LEO
Foundation is no longer the sole owner of LEO Phar-
ma; Nordic Capital has an owner’s share of max 25%.
LEO Pharma’s global headquarters are in Ballerup
near Copenhagen, and it has facilities in Malmö.
PHOTO: NEWS ØRESUND
BRITISH PRIVATE EQUITY COMPA-
NY INVESTS IN BIOTECH STARTUP,
BYPASSES REGIONAL INVESTORS
The British venture capital
fund Arix announced in
March 2021 that it had
invested ca. 20mn DKK in
the Copenhagen-based
biotech company Twelve
Bio. The investment is
notable, as a national or
Stefano Stella, co-founder
regional anchor investor in
of Twelve Bio.
Medicon Valley is usually
necessary before life sci-
ence venture funds from abroad start to grow interested
and confident enough to invest. Twelve Bio was founded
in 2019 as a spin-out from Novo Nordisk Foundation’s
protein research centre at the University of Copenhagen.
The company researches in crispr-technology and has
offices at COBIS in Copenhagen.
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
PHOTO: ANTON WILLEMANN
UNIVERSITY OF COPENHAGEN
New Swedish investment company
wants to improve southern Sweden’s
access to seed capital with €19mn
SmiLe Inject Capital AB is a new
Swedish investment company, created
in the spring of 2021. Over the next two
years, it aims to invest up to €19mn in
10-15 life science startups that have
been growing in Lund’s SmiLe Incubator.
Behind SmiLe Inject Capital AB are the
national Swedish investment company
Saminvest, 11 Swedish investors and
Smile Incubator.
Malmö’s third-largest life science
company, PolyPeptide Laboratories AB,
has gotten the green light to triple its
production capacity; up to 1000 kg of
pharmaceutical substances can now
be manufactured in Malmö annually.
PolyPeptide expects that more employ-
ees will thus need to be recruited to
Malmö, where the company already
has around 300 associated employees.
Its parent company, PolyPeptide Group,
was listed in Switzerland in April 2021
to accelerate growth of the company,
which employs over 900 people around
the globe. The listing implied a market
capitalisation of 2.12bn Swiss francs.
PolyPeptide’s historic roots reach back
to Ferring Pharmaceuticals, which was
founded in Malmö in 1950. PolyPepti-
de is still owned, via a foundation, by
Frederik Paulsen Jr, son of Ferring’s
founded Frederik Paulsen.
1.2
bn SEK is the start capital for the new, Swedish
investment company Segulah Medical Accelera-
tion, which aims to invest in medtech compa-
nies in Medicon Valley and in Europe.
116
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
117
PHOTO: NEWS ØRESUND
PHOTO: NEWS ØRESUND
MALMÖ’S LARGEST LIFE SCIEN-
CE COMPANY CAN TRIPLE ITS
PRODUCTION CAPACITY – AND IS
NOW LISTED IN SWITZERLAND
BioInnovation Institute becomes a foundation, and the
Novo Nordisk Foundation pledges ten years of funding
For the next ten years, BioInn-
ovation Institute in Copenhagen
has been pledged 350mn DKK
annually from the Novo Nordisk
Foundation. A prerequisite is that
BioInnovation Institute’s positive
development continues. Since
2017, more than 68 research
projects and startups from Den-
mark and other Nordic countries – including Skåne – have
received support via BII for the development of new life
science innovations and solutions in pharma, bioindustry
and healthtech.
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INVESTMENTS
INVESTMENTS
The head of Nasdaq sees private investors
gearing up for life science investments, but the
institutional investors are still holding back
Private investors’ interest in the life science sector is on the rise, says Carsten Borring, head of Lis-
tings & Capital Markets at Nasdaq in Copenhagen. They are taking greater risks and investing more
than they did five years ago. But the capital raising climate would be improved – especially in the
Danish part of Medicon Valley – if institutional actors and pension funds were more involved in the
small-cap market like they are in Sweden, he says.
– Many people actually want to make a diffe-
The investment and capital raising climate in the
rence; I see that when I speak with investors, says
life sciences is in a good phase right now, according
Carsten Borring.
to Carsten Borring, who heads Listings & Capital
Markets at Nasdaq in Copenhagen.
Institutional investors need to get on board
– It’s getting better and better every day, he says.
like private investors have
The positive tact of investments in the sector is a
According to Carsten Borring, strong professional
definite trend right now, which bankers and analysis
investors are gearing up in Denmark and Sweden,
agencies have also pointed out. According to Carsten
while Danish institutional investors continue to
Borring, this is in part because private and professio-
hold back more than their
nal investors – in Denmark
in particular, but also in
”Many people actually
Swedish counterparts. However,
the Danish pension fund ATP
Sweden – have taken greater
want to make a diffe-
for example has announced
risks than usual over the
past five years and invested
rence; I see that when
a more venture-oriented in-
strategy and recently
more in the sector.
I speak with investors.”
vestmentmillions in the Danish
invested
The increasing invest-
diagnostics company MedTra-
ment tact thus represents
ce, and ATP also owns shares in larger
a shift from 10 years ago, when
Danish life science businesses such as
raising capital for earlier life sci-
ALK-Abelló, Bavarian Nordic, Chr.
ence companies was more difficult
Hansen, Novo Nordisk, Coloplast and
because they had a long way to the
Genmab.
market and were thus associated
Nonetheless, as Carsten Borring sees
with a higher risk.
it, the lack of institutional investors has
Now however, private and strong
meant that when life science businesses
professional investors alike have re-
find themselves seriously needing to raise
ally gotten inspired and are a driving
Carsten Borring, head of
capital, some of them have had to look
force for development, says Carsten
Listings & Capital Markets
abroad and e.g. list in the USA, as the
Borring, who has been working with
at Nasdaq Copenhagen
biotech companies Galecto and Evaxion
capital markets for 20 years and
did in 2020 and 2021, respectively. Among other
helped list the large Danish pharmaceutical company
things, events like those are a manifestation of the
H. Lundbeck in 1999.
lack of actively investing institution investors in
Interest in investing in the sector is due partially
Denmark, says Carsten Borring.
to the current situation, with interest rates at zero
– Institutional investors in Denmark are just not
to negative, he notes. But the willingness to invest
as willing to take risks as private investors. The situ-
is related to the sector delivering stable yields to its
ation is a bit better in Sweden, he says, pointing to
shareholders, and the focus on fighting diseases and
the general AP pension funds, which invest pension
promoting health is fundamentally appealing in in-
capital in the stock market to a greater extent.
vestor circles. This is something that the coronavirus
The difference may stem from a reform process
pandemic has made clear.
PHOTO: NEWS ØRESUND
Ringing of the bells for Nasdaq Stockholm’s
opening at the conference The Future of
Swedish & Danish Life Science in Lund 2018.
that took place in Sweden in the 1980s and 1990s,
when Swedish national pension funds became more
oriented toward the small-cap market.
More life science listings in Sweden – Danish
businesses contribute to the increase
For that reason, says Carsten Borring, Sweden is
still ahead of Denmark when it comes to the num-
ber of listings in the life science sector. In Nasdaq’s
Danish healthcare group, for example, there are
currently 21 listed companies. One of the most
recent listings was the healthtech company Monsen-
so in 2020. Around 175 life science companies are
traded publicly on the Nasdaq exchange in Sweden.
Of these, one of the most recent to go public is the
medtech company Pharmiva (Lund) in 2021.
Since 2014, 13 Danish companies have had IPOs
in Sweden – nine of them are now on the Nasdaq
exchange in Stockholm. This has contributed to an
increase in dynamism, as well as differences between
the stock exchanges in Denmark and Sweden.
And the number of public offerings is not insig-
nificant, Carsten Borring points out, because listed
companies survive longer, as it’s easier for them to
make changes in a shareholder structure, while the
ownership structure of a privately owned company is
more rigid.
That’s why the life science sector in Medicon
Valley could benefit from a greater number of
small, high-risk companies, so it would be easier for
investors – private, professional and institutional – to
weight risks by investing in multiple businesses rather
than just a few, says Carsten Borring.
But that would require political willingness in
Denmark to change the structures and incentives re-
lated to the taxation of capital, so more types of inve-
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
stors will be motivated to get involved in companies
at an earlier stage. Carsten Borring points out that
Swedish politicians have been able to do just that.
– One shouldn’t be fooled because it’s going well
in the life science sector, but now is the time for poli-
ticians to take initiatives that can move things ahead,
because now is when there’s momentum. The money
is there now. And even if one might ask: Well, why
bother with new incentives when everything is going
so well? Well, because we know from history that as
soon as stocks go red, venture capital for biotech and
the life sciences disappears very quickly.
NASDAQ COPENHAGEN
• Founded:
1625 (Copenhagen Stock Exchange),
became part of Nasdaq Inc. in 2007
• Branches in life sciences:
Finance and stock
market
• Focus areas:
Trade, clearing, technology, listing
and services for listed companies
• Ownership:
Public
• CEO:
Nikolaj Kosakewitsch
• Number of listed companies across all sectors
in total on Nasdaq Copenhagen:
169 – of which 21
are life science companies in Denmark
• Number of listed companies across all sectors
in total on Nasdaq Stockholm:
708 – of which 69
are life science companies in Medicon Valley
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119
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PHOTO: NEWS ØRESUND
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INVESTMENTS
INVESTMENTS
With its headquarters in Malmö, Swedish Spotlight Group AB has become a more important life
science actor in Denmark and the rest of Scandinavia in recent years – a stock market where the
focus is on smaller companies. Its sister company Sedermera Fondkommission has financially
advised 18 Danish companies, most in the life sciences, about listing on Spotlight Stock Market
and First North in Stockholm to date. They found their way to the Danish life science sector in
2014, when the Swedish coporate finance company helped the Danish biotech business Saniona go
public in Sweden. Since 2018, Spotlight Group has set up both offices and a Danish stock market in
Copenhagen. Around 30% of the ca. 160 companies listed with Spotlight Stock Market are active in
healthcare, making the sector the largest subsector on the Danish-Swedish mini-stock exchange.
Fredrik Rahl.
Market, which was founded as a Swedish mini ex-
One of the financial companies active in both
change under the name Aktietorget in 1997. The aim
Denmark in Sweden – and in Medicon Valley in
was to make it easier for startups to access capital.
particular – is Spotlight Group with the marketpla-
Sedermera Fondkommission
ce Spotlight Stock Market,
which is now in Stockholm
”On the investor side,
is one of the sister companies
in the group, and since 2003
as well as Copenhagen. Over
we have seen incre-
it has given financial advice to
the past eight years, the
growth companies in various
group has helped multiple
asing interest from
industries in Sweden and the
Danish and Swedish life sci-
Danish investors.”
rest of Scandinavia. Sedermera
ence companies raise capital
Fondkommission’s advice has
on Swedish stock exchanges.
helped for example Danish life science companies,
In 2018, Spotlight Group expanded its activities to
which benefitted from a more active stock market in
include Denmark by setting up an office and a Danish
Sweden, where liquidity is easier to access.
version of Spotlight Stock Market – a Danish mi-
ni-stock exchange in Copenhagen. The company’s head-
Sedermera Fondkommission has helped
quarters are in Malmö and facilities are in Stockholm.
12 Danish life science companies go public
Prior to Spotlight Stock Market’s entrance in
Since 2014, Sedermera Fondkommission has helped
Denmark, Danish companies had to set up a Swedish
18 Danish companies list in Sweden or on the
holding company and be traded in SEK. The esta-
Danish segment of the Swedish Spotlight exchange
blishment of the Spotlight exchange in Denmark now
in Denmark. 12 of these can be classified as life
makes it possible for life science companies to be traded
science companies: Saniona, Oncology Ventures,
in DKK.
ExpreS2ion Biotechnologies, SynAct Pharma, Rho-
– We – our different businesses – have definitely
Vac, 2curex, Initiator Pharma, Scandion Oncology,
played an important role in the life science segment in
Stenocare, FluoGuide, Curasight and Cessatech.
Sweden and Denmark in general, and particularly in
Like Spotlight Group, Sedermera Fondkommission
the Malmö-Copenhagen area, where there are many
has its headquarters in Malmö, and offices in Copen-
interesting and growing life science companies. Our
hagen, and they have thus had an advisory role in the
different businesses have been working actively with
majority of the Danish public equity offers in Sweden.
many life science companies from the region for many
The 12 listings linked to Sedermera Fondkommis-
years. I think you can sum it up by saying that we are
sion’s advice have generated a total of 265mn SEK
important to life science and life science is important to
– corresponding to ca. 32mn USD – for life science
us, says Peter Gönczi, CEO of Spotlight Group.
companies since 2014. But that’s not the whole story,
Historically and at present, healthcare is the largest
says Fredrik Rahl, who is director of Sales & Capital
subsector on the Spotlight exchange. 30% of the ca.
Markets at Sedermera Fondkommission.
160 listed companies on the Spotlight exchange are
– After the IPOs, these companies – as listed
active in healthcare.
companies – have additionally raised over 1.9 bn
Spotlight Group comprises six different inde-
SEK, corresponding to ca. 225mn USD. This shows
pendent businesses; one of them is Spotlight Stock
120
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
The Danish market is mature
Back in 2017, when more Danish life science
companies started seriously considering an IPO in
Sweden, the biotech company Orphazyme listed it-
self of the Nasdaq exchange in Denmark. Orphazy-
me’s listing was the first life science company listed
in Denmark in seven years – since Zealand Pharma
and Genmab were listed in 2000 – and it was consi-
dered a boosting event in Danish biotech circles. In
Sweden, 36 companies from the pharmaceutical,
biotech and medical equipment sectors were listed
that same year – among them the Danish biotech
companies 2cureX and Initiator Pharma.
The difference in the number of life science
IPOs in Denmark and Sweden remains, but there is
currently a trend toward improvement on the stock-
and capital markets on the Danish side of Medicon
Valley, according to Fredrik Rahl.
– On the investor side, we have seen increasing
interest from Danish investors – it is more popular to
invest in growth companies today than what it was
back in 2014.
His colleague Anders Eriksson, who is head of
Spotlight Stock Market, agrees. He notes that over the
past five years, larger transactions and IPOs in terms
of raised capital have been a reality for Danish and
Swedish life science companies in Medicon Valley.
– It is also interesting that Danish private indi-
viduals’ shareholding, according to the statistics we
have seen, increased significantly during 2016-2019.
Although it is not possible to draw any concrete
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
conclusions for the future, this is of course gratifying.
Liquidity in a share is an important aspect for creating
good opportunities for a listed company to raise further
capital after the IPO, says Anders Eriksson.
In the years to come, Spotlight Group plans to con-
tinue working to strengthen the financial life science
links between the Danish and Swedish markets.
– One important ambition within Spotlight Group
is to continue our efforts to further link the Swedish
and the Danish market. To give you two fresh examp-
les, just look at Nordic Issuing [an issuing agent in
Spotlight Group, ed.] which recently became a member
of Danish VP Securities; in addition to that, Sedermera
is opening an office in Denmark. These are two steps
forward on the road to creating even better solutions
for our Danish clients, says Peter Gönczi.
SPOTLIGHT GROUP AB
• Founded:
1997
• Branches in life sciences:
Finance and stock
market.
• Focus area:
Financial and legal advising
• Ownership:
Publicly traded on Spotlight Stock
Market since 2020
• CEO:
Peter Gönczi
• Turnover 2020:
140,4mn. SEK
• Gross year-end result 2020:
11.4mn SEK
• Number of employees in Malmö:
ca. 60
• Number of employees in Stockholm:
ca. 25
• Number of employees in Copenhagen:
3
121
PHOTO: NEWS ØRESUND
PHOTO: NEWS ØRESUND
“WE ARE IMPORTANT TO LIFE SCIENCE AND LIFE
SCIENCE IS IMPORTANT TO US”
how a listing provides long term access to growth
capital. As I see it, that is one of the key reasons to
go for an IPO, he says.
In total, the 12 Danish companies have raised ca.
2.2bn SEK in growth capital with their IPOs, which
corresponds to ca. 260mn USD.
The first Danish life science company listed was, as
mentioned earlier, the biotech company Saniona, which
raised 17mn SEK with its IPO in Sweden in 2014. Se-
dermera Fondkommission was involved in the process.
– Back in 2014 we already had a high activity level
in Sweden – both among growth companies with a
need to raise capital and investors. The Saniona IPO
was kind of a groundbreaking IPO for us, and it ope-
ned the door to Denmark. Since then we have continu-
ed to work with a lot of interesting growth companies
from Denmark, says Fredrik Rahl.
Most recently, Sedermera Fondkommission has
been involved in listing the Danish biotech company
Cessatech, which initially raised ca. 16mn DKK in
2020 on the Spotlight exchange in Denmark.
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INVESTMENTS
INVESTMENTS
PROFESSIONAL INVESTORS FROM ABROAD LOOKING TOWARD
MEDICON VALLEY WITH INCREASING INTEREST
Professional investors and private equity compa-
nies are looking increasingly to Medicon Valley and
the rest of Scandinavia for company investments.
The increasing investment interest from abroad is
evident in conference participation, funding rounds,
new ownership structures and more.
Danish and Swedish private equity companies and
life science companies that are active in the Øre-
sund Region agree: professional investors from
abroad are becoming increasingly interested in
investing in Medicon Valley.
– Professional investors from abroad are very
interested in the funding rounds we’re working
on now, says Søren Møller, managing partner at
Novo Seeds. He believes among other things that
the Øresund Region’s life science ecosystem has
matured – read more on page 126.
The increase in foreign investors’ interest was
also expressed this April at the conference Nordic
Life Science Days, which was held in Malmö from
2017-2019 and took place online in 2021. Around
a quarter of the approximately 800 participants
in 2021 were investors, particularly from abroad,
reports the industry organisation SwedenBIO. The
last time Nordic Life Science Days was held in Mal-
mö, in 2019, investors made up 8% of the over 1 300
participants. Investor participation in the conferen-
ce has thus more than doubled.
– We’ve definitely seen a major increase in inte-
rest from foreign investors in Nordic life science,
the administrative director of SwedenBIO Helena
Strigård told the news service News Øresund.
The interest of foreign investors – particularly when
it comes to the Danish side of Medicon Valley – is also
apparent: as an example, the Dutch investment firm
Van Herk Investments invested ca 83mn USD in the
Danish biotech company Zealand Pharma in 2019. In
May 2021, another Dutch capital market company,
Gilde Healthcare, became a majority owner of the
consultancy firm KLIFO, which works to develop
drugs and medical equipment. And Fujifilm Diosynth
Biotechnologies, a subsidiary of the FUJIFILM group
with headquarters in Tokyo, will invest 928mn USD
in their facility in Hillerød by 2023. According to the
company, this will create around 300 new jobs.
In addition, American and European funds are
becoming increasingly involved in the funding of life
science startups in Medicon Valley, for example in
IO Biotech in Copenhagen.
EXAMPLES OF DANISH FINANCIAL ACTORS WITH INVESTMENTS ON THE
SWEDISH SIDE OF MEDICON VALLEY
Investor
Formue Nord
Seed Capital Denmark
Sunstone Life Science Ventures
Sunstone Life Science Ventures
Sunstone Life Science Ventures
William Demant Invest
Company
Idogen AB
Acarix AB
Ascelia Pharma AB
Alligator Bioscience AB
Cantargia AB
CellaVision AB
Subsector
Biotech/
pharma
Medtech
Biotech/
pharma
Biotech/
pharma
Biotech/
pharma
Medtech
Votes and capital
City
Lund
Malmö
Malmö
Lund
Lund
Lund
10,7% – largest shareholder
3,4% – second largest shareholder
16,4% – largest shareholder
6,7 % – second largest shareholder
3,0% – ottende største shareholder
13,6% – largest shareholder
EXAMPLE OF SWEDISH FINANCIAL ACTORS WITH INVESTMENTS ON THE
DANISH SIDE OF MEDICON VALLEY
Investor
EQT
EQT
Impilo
Impilo
HealthCap
HealthCap
Linc AB
Industrifonden
Company and location
Ellab A/S
WS Audiology A/S
Scantox A/S
Ferrosan Medical
Devices A/S
Hemab ApS
Adcendo ApS
FluoGuide A/S
MinervaX A/S
Medtech
Medtech
CRO
Medtech
Biotech/
pharma
Biotech/
pharma
Biotech/
pharma
Biotech/
pharma
Votes and capital
City
Hillerød
Lynge
Lille
Skensved
Søborg
Copenhagen
Copenhagen
Copenhagen
Copenhagen
Majority shareholder
47% – second largest shareholder
Majority shareholder
Majority shareholder
Minority shareholder
Minority shareholder
7,7% – third largest shareholder
Minority shareholder
BII IN COPENHAGEN EXPECTS TO TAKE IN MORE STARTUPS FROM
SCANDINAVIA AND EUROPE
BII runs a life science incubator and is increasing
its focus on attracting life science startups from
Scandinavia and abroad to Copenhagen, parallel
to a strategic goal of increasing seed-funding for
startups from 2021 onward.
BII in Copenhagen doesn’t only support Danish life
science startups in Medicon Valley. Last year, the
then-PreSeed-programme made it possible for
the Wallenberg Centre for Molecular Medicine at
Lund Stem Cell Center to receive ca €470.000 from
the BII Foundation for a development project, for
example.
Currently, the Swedish biotech-startup BOOST
Pharma – developed at Stockholm’s Karolinska
Institute – is part of the incubator programme, which
was founded in 2017 and is funded by the Novo
Nordisk Foundation. Since it was established, BII has
funded 68 startups in various incubation-program-
mes with €35mn.
According to Jens Nielsen, CEO of BII and a profes-
sor at Chalmers University of Technology in Sweden,
the focus on taking on startups from the Nordic
countries and beyond at the incubator will increase in
the years to come, as BII plans to significantly increase
startup funding starting in 2021.
– Following the successful establishment of BII
as an independent foundation (in December 2020,
ed.), we want to reach further geographically and
attract startups from all of Europe. Our increased
focus in Scandinavia in particular is already evident
from a significant increase in applicants from other
countries than Denmark, and we expect the compa-
nies we take on to reflect that. At the moment, four
non-Danish projects or startups have been part of
our programmes, says Jens Nielsen.
Increased internationalisation at BII in Copen-
hagen should be seen in the context of the advisory
group that the incubator formed with Danish Novo
Holdings and seven private equity companies from
abroad in 2020 to help highlight interesting company
cases.
EXAMPLES OF FINANCIAL ACTORS FROM ABROAD WITH INVESTMENTS IN
MEDICON VALLEY
Investor
Arix Bioscience (UK)
Eiffel Investment Group (France)
Gilde Healthcare (The Nedther-
lands)
Pai Partners (France)
Redmile Group (USA)
Van Herk Investments
(The Netherlands)
Company
Twelve Bio ApS
Qlucore AB
KLIFO A/S
Atos Medical AB
BioInvent
International AB
Zealand Pharma A/S
Subsector
Biotech/
pharma
ICT
CRO
Medtech
Biotech/
pharma
Biotech/
pharma
Votes and capital
City
Copenhagen
Lund
Glostrup
Malmö
Lund
Søborg
49% – second largest shareholder
Major shareholder
Majority shareholder
Majority shareholder
16,8% – largest shareholder
15,9% – largest shareholder
Sources: Companies’ annual reports, press releases, reports in the press, information on company websites and information from the companies them-
selves. Please note that these figures may have changed since they were reported.
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INVESTMENTS
INVESTMENTS
Danish and Swedish private equity companies:
Positive investment climate in Medicon Valley
Medicon Valley’s investment climate is positive, say partners from Danish and Swedish private equity
companies. The region is increasingly catching the eye of investors from abroad as an attractive life
science hub, and funding rounds are growing larger as a result. Whilst there is more stock market
action in Sweden, the conditions for venture- and seed-funding are considered more favourable on
the Danish side of the Øresund. In Danish Medicon Valley in particular, there is a wish that pension
funds would invest more in the life sciences.
The investment climate in Medicon Valley is
advancing in general, according to Eir Ventures,
Novo Seeds, Sunstone and HealthCap. Among
other things, this is apparent in that life science
companies – particularly on the Danish side of
the Øresund – have seen large funding rounds in
recent years. A result has been increased attention
on the life science sector in Medicon Valley in
general – also from private equity companies from
abroad. An increase in international investment
syndicates contributes to a more international
network for companies and improved chances to
recruit expertise from abroad. There is a structural
difference between the countries on the stock mar-
ket in particular. In Sweden, the majority of life
science companies access risk capital through the
stock market and marketplaces in Stockholm. In
Denmark, going public is a less attractive option
for life science companies, although a number
of Danish life science companies chose to list in
Denmark between 2017-2020. As a result, other
Danish companies list in the USA or in Sweden
in order to access capital. A total of 13 Danish
life science companies have listed in Sweden since
2014. Access to seed-funding, on the other hand,
is deemed better in Denmark than in Sweden. This
is related – among other things – to the founda-
tion of the BioInnovation Institute in Copenhagen
in 2017. In addition, Danish life science founda-
tions, such as the Novo Nordisk Foundation, LEO
Foundation and Lundbeck Foundation, create a
structural economic distinction between the Da-
nish and Swedish sides of Medicon Valley. There
is also a wish in the sector for pension funds to
invest more actively in the life science sector.
investors’ interest in the life sciences and biotech is
limited, so the listings have been very few. We are
seeing that a lot of international investors are keeping
an eye on the region, however, and there is increasing
participation from European and American funds
when it comes to funding local biotech companies.
But there is a shortage of specialist investors in the
region, so in that sense the Medicon Valley-ecosys-
tem is a little fragile. Some companies will manage.
But I also think that a lot of companies list too early,
or would benefit more from being pressure-tested
by specialist investors. Some companies will fail;
what happens then? The atmosphere is very positive
for life science listings in Sweden right now, but if
there are two, three, four fiascos and studies that go
awry, all that can change, and it can affect everyone
– even good companies – and make it hard to access
capital. Perhaps specialised investors are more used
to that – that things go up and down – and they can
be involved in reworking plans and aim for future
value-creating activities. It can be more difficult for a
listed company to get the market to understand that.
”The investment climate
is progressing. We’re se-
eing some very impressive
rounds with international
venture fund participation.”
What are the trends affecting investment in
Medicon Valley?
– The invest-
ment climate
is progressing.
We’re seeing
some very im-
pressive rounds
with internatio-
nal venture fund
Stephan
participation.
Christgau.
Adcendo, IO
Biotech and
Galecto Biotech are just a few examples where you
can see good syndicates with American investors
in particular, who have caught sight of the region’s
potentials, and that is positive. So, syndicates where
international investors are involved is one trend.
I firmly believe that specialist investors mean un-
exploited potential; a syndicate with international
capital typically requires a local anchor investor, and
there are limits to how much funding can be given
since there are so few local investors.
Another positive development is that the
BioInnovation Institute has started with some really
good tempos. I’m convinced that we’ll see a marked
strengthening of the ecosystem’s possibilities to create
viable and commercially interesting biotech compa-
nies in the years to come.
EIR VENTURES
• Headquarters:
Copenhagen and Stockholm
• Eir Ventures was founded in 2020.
The
investors Novo Holdings, the Danish Growth
Fund, the Swedish state investment company
Saminvest and European Investment Fund (EIF)
have invested a total of €76mn in the fund. In the
future, Eir Ventures aims to have 12-14 compa-
nies in its portfolio.
• Number of life science companies in portfolio:
4
• Geographic distribution of investments
between Denmark, Sweden and other
countries:
Two-thirds of the investments are in
Scandinavia, primarily Denmark and Sweden;
the remainder are in Europe and the USA.
• Most recent Eir Ventures-investments in
Medicon Valley:
IO Biotech, Synklino and Ga-
lecto Biotech; all in Copenhagen. Eir Ventures
has also invested in the Swedish Sortina Phar-
ma in Gothenburg.
EIR VENTURES:
THE REGION NEEDS MORE SPECIALIST INVESTORS
Co-founder and partner of Eir Ventures Stephan Christgau sees progress in the investment climate for
life science startups but points out that the attractiveness of the stock exchange in Sweden comes with
risks, and that the lack of specialist investors is problematic.
What are your thoughts on how the funding of life
science startups in Medicon Valley is developing?
– There are quite a few differences between the two
shores of the Øresund. The market in Stockholm is
the most active market for biotech listings outside
the USA, at least in Europe. There’s significantly
more access to non-specialist, or generalist, capi-
tal in Sweden than in Denmark in general. That
means that many life science enterprises choose that
path to get funding, but also that investors that are
completely external to the sector are behind a lot of
funding. In one sense this is a good thing, because
124
projects that perhaps wouldn’t have been possible
without those investors can be developed. But I do
also wonder how rationally things are done when
so much of the capital in the sector comes from
investors with limited insight, because if there is
one thing that is complex and demands experience,
network and comprehension, it’s life science. So, a lot
of companies take the stock market path in Sweden
or seek funding from investors who don’t understand
the sector very well. There are far fewer non-specialist
investors in Denmark and in spite of great efforts by
the Copenhagen stock exchange, Danish institutional
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
– I’m seeing more and more generalist investors
with an eye on the sector in Sweden. In Denmark
and Sweden, the life sciences and biotech sectors are
basically actively omitted from the pension sector.
As I see it, by not allocating to the sector, pension
funds are neglecting their responsibility. The absen-
ce of investors of that kind is notable in the region;
if you go to the USA or countries like Holland and
France, you see there’s a different focus on it. Just as
an example, a Dutch pension fund allocated hund-
reds of millions of Euros to Inkef Capital. The lack
of specialist capital in the region means that there
are opportunities that could have grown to become
something, but don’t.
On the whole, would you say the investment
climate in the life sciences in Medicon Valley
is progressing, maintaining the status quo or
regressing, and why?
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INVESTMENTS
INVESTMENTS
NOVO SEEDS:
THERE HAVE BEEN 3-4 YEARS OF STEP CHANGE
As managing partner of Novo Seeds Søren Møller sees it, the life science ecosystem in Medicon Valley
has matured, and foreign investors’ interest is significant. International recruitment to Medicon Valley
is thus important for the investment climate.
What are your thoughts on how the funding
of life science startups in Medicon Valley is
developing?
HEALTHCAP:
THE CLUSTER FACTOR IS IMPORTANT WHEN WE’RE TALKING
LIFE SCIENCE INVESTMENTS
Björn Odlander, co-founder and partner of the Swedish company HealthCap, believes that what
makes the investment climate in Medicon Valley strong is the cluster’s combination of large- and
small companies and its proximity to universities. Physical incubation locations and the Novo
Nordisk Foundation are important players.
What are your thoughts on how the funding of life
science startups in Medicon Valley is developing?
PHOTO: NOVO SEEDS
What trends to you see affecting investment in
Medicon Valley?
NOVO SEEDS
• Headquarters:
Copenhagen
• Novo Seeds was founded in 2007.
Novo Seeds
is one of four main investment areas in Novo
Holdings: Principal Investments (largest invest-
ments), Novo Ventures (venture companies),
Novo Growth (companies between principal and
ventures) and Novo Seeds (startups). Novo Hol-
dings is a majority shareholder in Novo Nordisk
and Novozymes and is wholly owned by the Novo
Nordisk Foundation.
• Number of life science companies in Novo
Seeds’ portfolio:
25
• Geographic distribution of investments
between Denmark, Sweden and other compa-
nies:
Around half of the investments are in Den-
mark, and one-third of the portfolio companies
are Swedish.
• Most recent Novo Seeds investments in Medi-
con Valley:
Adcendo, Muna Therapeutics, Hemab
and Chromologics, all in Copenhagen
– The ecosystem has grown, it’s bigger and there are
more companies to choose from. Good companies
raise a lot of funding, and the stock market in
Sweden has been good for supporting companies
that can develop on that path.
On the whole, would you say the investment
climate in the life sciences in Medicon Valley
is progressing, maintaining the status quo or
regressing, and why?
What trends do you see affecting investment
in Medicon Valley?
– The trend is that the Medicon Valley-cluster has
gotten stronger over the past decade in spite of
HEALTHCAP
• Headquarters:
Stockholm
• HealthCap was founded in 1996.
HealthCap has in-
vested more than €1bn in more than 100 companies.
More than 40 medical device products have reached
the market with funding from HealthCap over the
years, and over 20 pharmaceutical companies have
achieved market approval with their products.
• Geographic distribution of investments between
Denmark, Sweden and other countries:
HealthCap
makes no division between Denmark and Sweden
but treats Scandinavia as a single, integrated region.
HealthCap invests between 35-40% of its capital
in Scandinavia; the rest is divided evenly between
Europe and the USA.
• Number of life science companies in portfolio:
ca 25
• Most recent HealthCap-investments in Medicon
Valley:
Adcendo in Copenhagen
– The investment climate is definitely progressing.
But we need to prioritise international recruitment
highly, and the framework conditions need to be
such that the international community wants to
come to Medicon Valley and work with us. It isn’t
certain that all of the experts on a particular disease
are in Sweden and Denmark, and since the compe-
tition is global, you have to be able to access that
from a global perspective.
126
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127
PHOTO: HEALTHCAP - DAN COLEMAN
– We are very optimistic. I think there has been
a step change over the past 3-4 years. While early
companies with local investors have been typical
for Scandinavia, we’ve put energy into syndica-
ting investments in companies internationally.
Companies like Galecto Biotech, IO Biotech and
MinervaX have attracted strong international
investors, and the attention on Scandinavia has
increased. Professional investors from abroad
are very interested in the funding rounds we’re
working on now. The reason is that we’ve gotten
better. Our ecosystem has matured. Investors
have built networks. The innovators know which
inventions are high-quality enough to be the core
of a company. Management has gained experience
from an earlier company or two. And we’ve been
able to internationalise our boards and mana-
gement teams. We prefer it if a Danish biotech
company is not made up of only Danes, but that
it has the right people in a global sense, and we’ve
built the networks to attract people.
Søren
Møller.
”It isn’t certain that all of the
experts on a particular di-
sease are in Sweden or Den-
mark, and since the come-
petition is global, you have
to be able to access that
from a global perspective.”
– Life science is a global sector, and like all
clusters, Medicon Valley has to be competitively
strong to attract international capital. An illustra-
tion of this is e.g. that Adcendo recently attracted
investments from Spain, the USA, Sweden and
Denmark; Adcendo and many other companies
benefit from the Øresund Region being an interes-
ting region at the forefront of life science research.
And Medicon Valley is home to small- and large
companies and academia, so it’s a good platform
for medical business activities. Right now, the
investment market is strong in general, and the life
science industry around the world is reaping the
benefits of a strong investment climate. Attracting
private venture investors is doable, and so is going
to the stock exchange and listing your company,
so the funding climate is good, and that’s true
for Medicon Valley as well. The cluster factor
is incredibly important when we’re talking life
science investments. There needs to be a proximity
to universities, large companies – then smaller
companies can grow and thrive in that environme-
nt and recruit good people.
AstraZeneca’s and Gambro’s cutbacks, and there
are two factors that play a role there: Novo Nord-
isk’s fantastic progress and their approach and the
willingness to invest via the Novo Nordisk Foun-
dation. It’s an important motor for the region.
And another is Medicon Village’s efforts in Lund
and the BioInnovation Institute in Copenhagen;
physical meeting places have been created where
entrepreneurs can develop ideas and grow together.
That makes it easier to make the next investment,
and then the next one after that, so the access to
strong expertise is increased.
On the whole, would you say the investment
climate in the life sciences in Medicon Valley
is progressing, maintaining the status quo or
regressing, and why?
– There are very strong equity markets for the life
sciences today, and they
also benefit Medicon
Valley. The correspon-
ding ecosystem has
developed, and there is
a lot of capital; because
of this, the investment
climate is good right
now, and there is every
reason to believe that
Björn
the cluster can continue
Odlander.
its strong development.
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INVESTMENTS
INVESTMENTS
SUNSTONE:
GENERAL ACCESS TO CAPITAL HAS IMPROVED, BUT DIFFE-
RENCES IN FUNDING BETWEEN DENMARK AND SWEDEN HAVE GROWN
According to chairperson and co-founder of the Danish-Swedish Sunstone Life Science Ventures
Peter Benson, the region’s investment climate is improving; more capital is being raised, and interest
from abroad has increased, especially in Denmark. A decrease in biotech’s total market value on the
Swedish exchange could mean economic challenges for Swedish startups, whilst Danish life science
startups benefit from new initiatives and more foundations.
What are your thoughts on how the funding
of life science startups in Medicon Valley is
developing?
out Denmark more than Sweden – but the historic
access to syndication partners definitely plays a role.
On the whole, would you say the investment
climate in the life sciences in Medicon Valley
is progressing, maintaining the status quo or
regressing, and why?
– There are certain differences between the Swedish
and the Danish sides. Generally speaking, we have
had better access to capital in the Øresund Regi-
on as a whole for the past few years. Historically,
listing has been easier on the Swedish side, and that
remains unchanged for the moment. That aspect is
not nearly as good in Denmark, but access to venture
capital in Denmark has improved in general over the
past couple of years. That goes for everything from
early startups, where initiatives like BioInnovation
Institute and others have improved the opportuni-
ties for startups to get early-phase funding. In that
respect there’s a big difference between Denmark
and Sweden – bigger than ever before, I would say.
Getting venture capital for startups isn’t as easy on
the Swedish side, but a good option for businesses
in Sweden has been seeking capital on the stock
exchange. That isn’t necessarily the situation now.
I believe we’re heading for a change in the near or
intermediate future in terms of possibilities to locate
capital for startups via the stock exchange. That
will make it more difficult to list new companies in
Sweden in the future. On the other hand it can create
opportunities for investors to make new structures
and merge companies into stronger entities.
What trends do you see affecting investment in
Medicon Valley?
rope. If we look at the stock market, we see very high
valuations in Sweden. According to Dagens Industri,
the Swedish stock market has never been valued higher
relative to the GDP. In 2021 however, we’ve seen a
decrease in the total market value for biotech compa-
nies, so there has been a correction in 2021 following
2020, which was more favourable and where a lot of
businesses saw a major value increase. A large number
of small companies go public in Sweden compared to
other European countries, and that’s in part because
seeking capital has been easy and because there has
been an increase in value. It is difficult to say whether
the 2021 correction is temporary or permanent, but
if the asset class re-allocation continues it will present
greater challenges for small companies trying to locate
new capital. Many of them need refinancing, and I
think finding new capital will be harder in the next
12-24 months.
PHOTO: NEWS ØRESUND
Peter
Benson.
– The investment climate is improving. In general,
there is more access to capital, and there is more
competition for investments, especially in Denmark. I
haven’t seen investment rounds this large since 2001;
there is more money in circulation in general in Eu-
10 companies in Medicon Valley with an
Øresund link: Good seed-funding opportunities
Øresundsinstituttet asked ten Medicon Valley life science companies with Danish-Swedish ownership
to share their thoughts on the access to venture capital for new life science startups in Medicon Valley.
The general consensus is that the funding opportunities are good, and some point out that there have
been improvements in recent years. However, the conditions for accessing funds differ for life science
companies depending on whether they are active on the Danish or Swedish side of the Øresund.
SUNSTONE LIFE SCIENCE
VENTURES
• Headquarters:
Copenhagen
• Sunstone was founded in 2007.
Since then, the
venture capital fund has invested in more than
45 life science companies. Sunstone collabora-
tes with the Danish investment company Novo
Holdings, among others. In 2019, Sunstone
established a new fund, Sunstone Life Science
Ventures Fund IV, the goal of which is to invest
more broadly in European biotech. The fund has
around €500mn under management.
• Geographic distribution of investments
between Denmark, Sweden and other countri-
es:
Sunstone does not have targets for how
much of their investments should be placed
in Denmark and Sweden, but expects it to be
around half. Sunstone considers Sweden and
Denmark its domestic market. The rest is distri-
buted elsewhere in Scandinavia and Europe.
• Number of life science companies in
portfolio:
16
• Most recent Sunstone investments in Medicon
Valley:
Sunstone has investments in e.g. Alliga-
tor Bioscience, Ascelia Pharma, Cantargia, IO
Biotech and Minervax, and has re-financed seve-
ral of the investments over the past 12 months.
– Larger investment rounds are one trend, especially on
the Danish side. International investors have been in-
volved in more rounds, which means that more capital
has been raised. The access to venture capital in Europe
is greater and easier than previously; this is good news
for people who are starting up and developing life
science businesses. This isn’t true to the same extent in
Sweden, so there is still a tendency in Sweden to seek
funding from the capital market; this is likely because
there aren’t as many alternatives – there are a larger
number of life science investors in Denmark than in
Sweden. One might ask oneself why foreign funds seek
128
There are a number of life science companies in Medi-
con Valley with Danish-Swedish links in terms of their
ownership structure, upper management and where
they were founded; their research may have started
in Denmark for example, and the ensuing Danish
company then went public in Sweden. In other cases,
research started in Lund and was developed further in
Copenhagen, or a company in Skåne received venture
capital from a private equity company in Copenhagen.
The ten companies interviewed by Øresundsin-
stituttet about the access to risk capital were chosen
on the basis of their ownership structure, with both
Danish and Swedish owners, and because they are
currently or were formerly part of a science park- and
incubation environment in Medicon Valley.
A consistent feature in all of the companies’
responses is that the Swedish and Danish life sci-
ence companies were largely positive regarding the
funding opportunities and access to capital for life
science startups in the region. A newly founded life
science company with good, high quality projects
will generally be able to secure funding for further
development, they say. Many highlight the establish-
ment of BioInnovation Institute in Copenhagen as
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
important for seed-funding in the region.
There may be provisional variations when it
comes to where the first funds come from for a bud-
ding life science startup. The individual histories of
the companies’ selected is a testament to the fact that
start capital can come from many difference places:
private equity companies, commercial foundations,
institutional investors, public innovation actors,
angel investors and the founders themselves.
Going public may be an option for early- or
later-stage funding – particularly for Swedish com-
panies, but also for some Danish companies; since
2014, a total of 13 have chosen to list in Sweden –
read more on page 113. Going via the stock market
is a more obvious path in Sweden due to historical
differences in investment culture and lower share
taxation on private investors, but also because there
is more limited access to venture capital in Sweden,
making listing in Stockholm on e.g. Nasdaq First
North or Spotlight a more convenient, and necessary,
way to access funding. In Denmark however, the
chances of accessing venture capital are better because
of foundations such as Novo Nordisk Foundation,
Lundbeck Foundation and LEO Foundation.
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INVESTMENTS
Danish Novo Seeds and Swedish HealthCap part of the biggest series A investment in Danish
biotech history
INVESTMENTS
ADCENDO:
VENTURE CAPITAL IS THERE FOR THE RIGHT PROJECT
The Danish biotech company was founded in 2017 as a spin-out from the
University of Copenhagen and Rigshospitalet and is now based at COBIS
in Copenhagen. The first investment was a pre-seed grant from the Novo
Nordisk Foundation. In April 2021, the company raised the biggest series A in-
vestment ever seen in Danish biotech history: €51mn came from Novo Seeds,
Spanish Ysios Capital, American RA Capital Management, Swedish HealthCap,
Dutch Gilde Healthcare and Danish BioInnovation Institute. Together with the
founders, the new investors now own all of the company’s shares. A series
A investment refers to a company’s first significant round of venture capital
financing from established capital funds following a startup-capital period.
– Based on my own experience, venture capital is
definitely there if you have the right project. A bio-
tech company needs to have good scientific results
in an area where there’s a clear unmet medical
need; if you have that and establish a case with a
good research and clinical development plan that
has a good chance of getting FDA/EMA approval
and commercial success, investors will be ready
to invest. So, the money is there. Competition for
investors’ favour is stiff, and of course there’s a se-
lection process, so it’s important to be well prepa-
red and have a complete business case. In the past
I secured venture capital funds for the company
Santaris Pharma, which was sold to Roche in 2014.
An alternate route for projects that are somewhat
more developed may be to secure funding via Spot-
light- or the First North-exchange. I’ve also done
that with two other companies: SynAct and RhoVac,
says
Henrik Stage,
CEO of Adcendo.
PHOTO: ADCENDO
WHAT ARE YOUR THOUGHTS ON THE ACCESS TO VENTURE CAPITAL FOR NEW
LIFE SCIENCE STARTUPS IN MEDICON VALLEY?
Research from Lund funded by Danish private equity company for almost ten years
CANTARGIA:
SHORTAGE OF PROFESSIONAL LIFE SCIENCE INVESTORS
Swedish biotech company, founded in 2009 to refine a research discovery
made at Lund University. Cantargia is located in Lund, formerly at Medicon
Village and specialises in the development of drugs against cancer diseases
as well as lung cancer and autoimmune diseases. The company was listed on
Nasdaq First North in Stockholm in 2015 and has since moved to the Mid Cap
segment on the Nasdaq exchange. The first large investment in Cantargia
was made by LU Bio (Lund University Bioscience AB), which was a consortium
of investors who created a fund with Lund University’s innovation system. LU
Bio was the company’s largest shareholder until 2018. Today, Cantargia’s main investors include Swed-
bank and the Swedish pension funds First and Fourth National Pension Funds (AP1 & AP4), Swedish
Alecta Pensionsförsäkring and Swiss Six Sis AG. The Copenhagen-based venture capital fund Sunstone
Capital has also been a shareholder since 2013. Until 2020, Sunstone was Cantargia’s largest investor.
– There is start capital to be had via the stock
exchange, if that’s the route one chooses, and there
are certainly business angels who are prepared
to invest. But what is really in shortage is smart
money; that is, investors with competence in the life
sciences who can go in and maybe be a member of
the board and help the company. It’s a question of
combining money and expertise, and there is more
of that to be desired, says
Göran Forsberg,
CEO of
Cantargia.
PHOTO: CANTARGIA
PHOTO: FLUOGUIDE
From startup at Malmö’s Medeon Science Park to American expansion
ASCELIA PHARMA:
OPPORTUNITIES TO RAISE CAPITAL HAVE IMPROVED
SIGNIFICANTLY
Biotech company founded in 2000 with headquarters in Malmö and an office
in New Jersey, USA. The company was previously based at Medeon Science
Park in Malmö and was listed on Nasdaq Sweden in 2019. Ascelia Pharma
has a number of Danish employees and a Danish CEO and focuses on orphan
oncology treatments with two drug candidates. The company’s first sources of
investment were Øresund Healthcare Capital K/S and the investment company
Malmöhus Invest AB. Copenhagen-based Sunstone Capital, Øresund Healthca-
re, Fourth Swedish National Pension Fund, Swedish Handelsbanken Funds and
Swedish HealthInvest Partners are now the main investors in Ascelia Pharma.
– Opportunities for promising life science compa-
nies in Medicon Valley to raise capital have impro-
ved significantly in recent years, in my opinion. Ven-
ture capital investment firms have grown larger and
more active, and non-Nordic funds have become
more active in the region; together they are perhaps
the most important source of funding for many life
science companies in the early startup phase. The
stock exchange works very well, particularly on the
Swedish side, and it supports continued growth and
expansion for companies that are further along in
their development, says
Magnus Corfitzen,
CEO of
Ascelia Pharma.
PHOTO: ASCELIA PHARMA
Danish and Swedish primary investors behind spin-out from Rigshospitalet and the University of
Copenhagen
FLUOGUIDE:
ACCESS TO CAPITAL IS FINE
Biotech company founded in 2018 after taking over a patent from Rigshospi-
talet and the University of Copenhagen. FluoGuide is based at COBIS in
Copenhagen, where they work with intelligent surgical targeting by illumi-
nating cancer cells intraoperatively. FluoGuide was listed on Spotlight Stock
Market in Copenhagen in 2019, but in 2021 the company moved to Nasdaq’s
First North exchange in Sweden. The company’s first investments sources
were the foundations that are now FluoGuide’s main investors. In addition,
there were contributions from 9 500 shareholders, as well as Danish Arbej-
dernes Landsbank and Swedish Linc AB as institutional investors.
– Overall, the balance is good, and the access is
fine. There is enough capital to realise good pro-
jects and take advantage of the potentially good
projects. Too much capital can lead to too many
projects, and then there’s a risk of compromising
the quality of projects or companies. If there is too
little capital, there is no funding for good projects.
Nonetheless, there are still quite a few framework
conditions that could use improvement, says
Mor-
ten Albrechtsen,
CEO of FluoGuide.
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INVESTMENTS
INVESTMENTS
WHAT ARE YOUR THOUGHTS ON THE ACCESS TO VENTURE CAPITAL FOR NEW
LIFE SCIENCE STARTUPS IN MEDICON VALLEY?
Swedish Almi Invest supported Danish CEO in Malmö
PILA PHARMA:
SWEDISH ACTORS GIVE BETTER FUNDING OPPORTUNITIES IN
THE STARTUP PHASE; DANISH ACTORS GIVE BETTER FUNDING OPPORTUNI-
TIES IN THE SCALEUP PHASE
Biotech company founded in 2014 on the basis of Dorte X Gram’s research
at Novo Nordisk in Denmark. The Malmö-based company is developing an
oral anti-diabetic agent for Type-2 diabetes. PILA PHARMA was previously
part of Medeon Science Park, also in Malmö. In 2015, the Swedish national
investment fund Almi Invest became the company’s first investor. Today, PILA
PHARMA’S largest investors include the founder, Almi Invest, Almi Invest Syd
– which is a specific fund for Skåne – and Finnish Vimpu Intressenter. Private
individuals such as Swede Sebastian Clausin and the Danish biotech profile
and co-founder of Saniona and Symphogen Thomas Feldthus are also investors.
– During the startup phase, the resources in
Sweden are better through Almi Invest and bu-
siness angels. In the scaleup phase, the venture
opportunities are better in Denmark, but the mar-
ket climate is better and more active in Sweden.
One still needs to work hard for one’s money, and
nothing is free, although it does get easier farther
along, when one is de-risked and known among in-
vestors, says
Dorte X Gram,
CEO of PILA PHARMA.
PHOTO: PILA PHARMA - JENNY LEYMAN
From research in Lund to headquarters in Copenhagen and an IPO in the USA
GALECTO BIOTECH:
ACCESS TO CAPITAL IS GOOD IN GENERAL, BUT SUB-
STANTIAL FINANCING IS DIFFICULT
Biotech company founded in 2011 based on research at Lund University. The
company is located at COBIS in Copenhagen and was listed on Nasdaq in the
USA in 2020, as one of few life science companies from Medicon Valley. Novo
Seed (today Novo Holdings) was the first investment source. Novo Holdings is
still among the major investors in Galecto Biotech, along with the American
venture capital firm OrbiMed, Copenhagen based Sunstone Capital and the
new Scandinavia venture firm Eir Ventures, which chose Galecto Biotech as
the first company for its investment portfolio.
PHOTO: GALECTO - HENRIETTE DAN BONDE
– The access is good in general for very early
companies, and Denmark also has a relatively
higher number of active venture capital investors
than most other European countries. Substantial
financing remains difficult however, and listings in
particular, because of the unfavourable climate for
investors. Compared to other countries around us,
Denmark lacks a coordinated strategy for helping
companies with active research, says
Hans Scham-
bye,
CEO of Galecto Biotech.
Danish spin-out from the University of Copenhagen continuing to develop in Lund
Research in Lund funded by Danish foundations like Novo Holdings and Sunstone
RHOVAC:
THE COMBINATION OF KNOW-HOW AND ACCESS TO CAPITAL
MAKES FERTILE SOIL FOR LIFE SCIENCE IN MEDICON VALLEY
Originally founded in 2007 as a private Danish company based on research
from the University of Copenhagen, the biotech company RhoVac was become
established as a Swedish company with offices at Medicon Village in Lund in
2015 and was listed on Spotlight Stock Market in Sweden in 2016. RhoVac is de-
dicated to immuno-oncology, and its founders, Anders Ljungqvist and Per Thor
Straten, were the first source of investment. Other early investment sources
included Ventac Partners and the European Innovation Council (EIC) through
the Horizon 2020 programme. Today, Swedish M2 Asset Management, Swedish
Nordic Cross, RQ Solutions, Ventac/UBS and the Swedish insurance company
Avanza Pension are among the major investors.
– Scandinavia has a very special ’culture’ as regards
the possibility to access the stock market in early
phases and with modest capital raising, through
Spotlight Stock Market and Nasdaq First North.
Personally, I think this is a good solution. For the
investor who can spread the risk over a portfolio of
companies, it can still be lucrative in relation to the
often digital outcome possibilities of early biotech
companies, and the stock market allows for many
small stakes in a portfolio of companies, so that the
risk/reward can be balanced. In addition, with its
cluster encompassing both big and medium-sized
pharma plus biotech, there is no shortage of know-
how in the Medicon Valley region. The combination
of access to capital and know-how makes for fertile
soil for life science in this region, says
Anders
Månsson,
CEO of RhoVac.
PHOTO: RHOVAC
MINERVAX:
LARGE AMOUNTS OF CAPITAL RAISED IN THE REGION HAVE IN-
CREASED INVESTORS’ FOCUS
Biotech company founded in 2010 based on research at Lund University.
Today, the company has offices at COBIS in Copenhagen and a research
lab in Lund and is currently expanding its team in Lund so R&D will take
place on both sides of the Øresund. Danish Seed Capital was the first
source of investment for MinervaX, and today the largest investors in the
privately owned MinervaX are Novo Holdings, Sunstone Capital, German
Wellington Partners, French-American Sanofi Ventures, American Adju-
vant Capital and Swedish Industrifonden.
PHOTO: MINERVAX
– It has improved significantly in the past few years.
Very large amounts of capital have been raised
for some of the more firmly established biotech
companies. While that doesn’t cover startups, it
does mean that Denmark has come into focus and
more investors are looking this way. There is a lot
of attention on Danish biotech. And then there has
been an important trend of companies listing in
Sweden and raising capital that way. So, it looks like
a window to the stock exchange has opened in both
Sweden and the USA. That helps people believe
in making early investments. BII has done a great
service in that respect, says
Per Fischer,
CEO of
MinervaX.
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INVESTMENTS
APPENDIX
WHAT ARE YOUR THOUGHTS ON THE ACCESS TO VENTURE CAPITAL FOR NEW
LIFE SCIENCE STARTUPS IN MEDICON VALLEY?
Listed company in Sweden developing new cancer treatment at Symbion in Copenhagen
ABOUT THIS REPORT AND THE METHODOLOGY
This is the second report for the EU-funded Greater Copenha-
gen Life Science Analysis Initiative project, led by Øresundsin-
stituttet and Medicon Valley Alliance from 2019-2022. The
analysis has been prepared by Øresundsinstituttet.
The first report, Life Science in Skåne, provided a survey
of the size of the life science sector in Skåne and its employ-
ment development, expertise needs and more. The report in
hand focuses on identifying the strengths, links and structural
similarities and differences in the life science sectors across
the Øresund in the Danish-Swedish Medicon Valley cluster. The
report was prepared between the winter of 2020 and the early
summer of 2021.
The qualitative material in the report is comprehensive and
comprises 53 interviews with Danish and Swedish interviewees
from the sector who are engaged in the life sciences in the Øre-
sund Region in a variety of ways. Øresundsinstituttet has focused
on representing a broad range of people from the sector in the
report, from companies, organisations, universities and financial
actors, to capture as many sector links over the Øresund as
possible. Interviews were conducted via telephone, e-mail and
Microsoft Teams between January 2021 and June 2021.
The quantitative material in the report is based on statistics ac-
quired from SCB/Statistics Sweden and DST/Statistics Denmark.
Stock market data from Nasdaq and Spotlight Stock Market were
also utilised, for example for Chapter 5. Quantitative data was also
accessed via personal research and direct contact with the com-
panies in question, both in Zealand and Skåne, for example for
Chapters 1 and 2. To determine commuter numbers for Chapter 1,
Øresundsinstituttet personally contacted the companies for data.
Figures for the number of border commuters from Denmark and
Skåne are based on comprehensive telephone- and email contact
with the majority of Skåne’s life science companies in 2020 that
included enquiries into the number of border commuters on
company staff. The data was utilised in the report Life Science
in Skåne; as mentioned earlier, that was the first report for this
project, and it was published in November 2020.
In order to survey the number of border commuters from
Skåne/Sweden to Denmark, Øresundsinstituttet first selected
50 of the largest Danish life science companies in Zealand. The
selection was made in part as a delineation and is in part based
on industrial codes used by the Confederation of Danish Industry
and Vinnova to determine the core segment of the life science
sector – see below. Data from Statistics Denmark was then utili-
sed and the number of employees was ranked in order to create
a list of the 50 largest companies; Øresundsinstituttet contac-
ted these companies between January and May 2021. Some
smaller companies that could feasibly have numerous Swedish
employees were also contacted. Approximately 30 companies in
Zealand provided figures regarding border commuters.
• 2660 Manufacture of irradiation, electromedical and
electrotherapeutical equipment (26.60.10 and 26.60.90)
• 3250 Manufacture of medical and dental instruments and supplies
• 2120 Manufacture of pharmaceutical preparations
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
SCANDION ONCOLOGY:
GOOD SEED-FUNDING OPPORTUNITIES, BUT
DENMARK NEEDS BETTER IPOS
Biotech company founded in 2017 on the basis of research in another Danish
biotech company, Saniona. Both companies are listed on Nasdaq in Sweden,
where Scandion Oncology went public in 2018. The company’s offices are at
Symbion in Copenhagen. Scandion Oncology is developing a cancer treatment
that can better target chemotherapy resistance mechanisms. Saniona and the
founders Jan Stenvang and Nils Brünner, the latter of whom is on the board
of Lund University’s Faculty of Medicine, were the first to invest in Scandion
Oncology, along with other private investors. Along with Danish Formue Nord
A/S and Dutch Nyenburg Capital, the founders are among the company’s largest shareholders today.
– There are a number of good seed-funding opportu-
nities, including strong evergreen funds and venture
funds. More international presence is important for
attracting investors from abroad. There’s also a need
for better IPO opportunities in Denmark, says
Bo
Rode Hansen,
CEO of Scandion Oncology.
PHOTO: SCANDINAVIAN ONCOLOGY
• 2110 Manufacture of basic pharmaceutical products
• 4646 Wholesale trade of pharmaceutical goods (contains
46.46.10 and 46.46.20)
• 7211 Research and experimental development on biotechnology
• 7219 Other research and experimental development on natu-
ral sciences and engineering
Figures for the number of researchers and students have been
provided by the universities themselves. All figures are head-
counts and from 2019 unless otherwise noted.
University of Copenhagen.
Number of doctoral students at
departments and centres with life science activities.
Lund University.
Figures from 2020. The numbers apply to
the total number of researchers at the Faculty of Medicine, and
a number of researchers at the Faculty of Science and the fol-
lowing departments at the Faculty of Engineering: Institutionen
för immunteknologi, the Department of Biomedical Engine-
ering and Chemical Engineering. There are also researchers in
the life sciences at the Department of Computer Science, the
Department of Transport & Roads and the Department of Tech-
nology and Society at Lund University’s Faculty of Engineering.
Technical University of Denmark (DTU).
The information
is for the total number of researchers at the following depart-
ments: DTU Food, DTU Vet and Centre for Diagnostics, DTU
Aqua, DTU Biosustain, DTU Bioinformatics, DTU Bioengineering,
DTU Chemical Engineering, DTU Environment and DTU Nutech,
and an equivalent selection of students for the academic year
2019/20. Research in the life sciences was also performed at
DTU Chemistry, DTU Electrical Engineering, DTU Nanotech, DTU
Mechanical Engineering, and DTU Compute.
The Swedish University of Agricultural Sciences in Alnarp.
The number of students includes those from Horticultural
Science, Landscape Engineering, Agronomics, Plant Biology
for Sustainable Production, Agroecology, Lantmästare and Out-
door Environments for Health and Well-being for the academic
year 2019/20.
Malmö University.
Life science students: full-time equi-
valents. Includes students of Dentistry, Oral hygiene, Dental
technician studies, Welfare work, Social work and related,
Nursing – Care, Specialist nursing, Biomedical analysis and
related, and independent courses.
Kristianstad University.
Number of students for autumn
2019. This includes nursing and specialist nursing program-
mes, the Public Health and Education Programme, the Bio-
medical Analyst programme, the Gastronomy programme and
Integrated Health Science
Aalborg University in Copenhagen.
Figures from 2020. Data
on professors includes associate- and assistant professors. All
students study Sustainable Biotechnology
Copenhagen Business School.
Figures from 2020. Includes
students from MSc Business Administration and Bioentrepre-
neurship and MSc Business Administration and Innovation in
Health Care.
Spin-out company from the University of Copenhagen receives funding from new Danish-Swedish
venture fund
SYNKLINO:
GOOD OPPORTUNITIES FOR RESOURCES FROM INNOVATION
FUND AND THE DANISH GROWTH FUND
Biotech company founded in 2017 as a spin-out from research at the University
of Copenhagen. Synklino has locations at COBIS in Copenhagen and elsewhe-
re and is developing an antiviral drug for protect transplant patients with
CMV infections. Privately-owned Synklino was part of BioInnovation Institute,
which granted the company a convertible, 10mn DKK loan. Danish Innovation
Fund and private investors were the first to invest in the company. The Danish
Growth Fund and the Scandinavian venture fund Eir Ventures later invested.
The primary owners remain the founders and the early private investor.
PHOTO: SYNKLINO
– I feel that the conditions are steadily improving.
The possibilities for access to early capital are
plentiful thanks to BII and others; BII has become
a crucial player. As I see it, there are also good
opportunities for resources from Innovation Fund
and the Danish Growth Fund. In addition, there are
funds such as e.g. Eir Ventures; we received funding
from them the first time around. So, I believe that
there are some excellent possibilities to get started.
We’re getting ready for a funding round that will
take us well into the development phase, which will
change the discussion somewhat. The next move is
difficult and it’s a huge task, but it’s still possible to
tap into Eir Ventures, Sunstone, Lundbeck Emerge
and Novo Seeds. But one can always look to other
geographies than Medicon Valley to raise capital,
says
Thomas Kledal,
CEO of Synklino.
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APPENDIX
APPENDIX
REFERENCE LIST
Bisnode, Nordic Business Key, business database
Cities Changing Diabetes, citieschangingdiabetes.com
Danish national cancer research centre: dccc.dk/
nationale-forskningscentre
DST/Statistics Denmark, including customised
analyses
FIRS, 2020, Skåne’s innovation strategy for sustaina-
ble growth
Greater Copenhagen Committee, website, Life sci-
ence – An important source of health and welfare
Invest in Skåne, website, Life Sciences – Advantages
of Skåne
Danish Cancer Society: cancer.dk
Life Science Sweden and Kemivärlden, Swedishme-
dia outlet focusing on the life science industry
Medicon Valley Alliance and Øresundsinstituttet,
State of Medicon Valley 2019, 2018 and 2017 inclu-
ding CWTS’ European cluster comparison
Medicon Valley Alliance and Øresundsinstituttet,
Life Science in Skåne 2020
MedWatch, Danish media outlet focusing on the life
science industry
Ministry of Enterprise and Innovation, En nationell
strategi för life science, 2019
Ministry of Industry, Business and Financial Affairs,
Strategi for life science, 2021
Nasdaq and Spotlight Stock Market, providers of
listings and services to listed companies
Press releases and annual reports from respective
companies.
QS World University Rankings 2022, website
Rapidus, news agency focusing on growth compa-
nies in the Öresund Region
Swedish Government Offices / Ministry of Enterprise
and Innovation, 2019, A national life science strategy
Danish Government/Ministry of Industry, 2021,
Strategi for life science.
Capital Region of Denmark, 2018, Region Hovedsta-
dens Forskningsstrategi for Sundhedsforskning
2018-2022
Region Zealand, 2019, Forskning på forkant –
Region Sjælland politik for sundhedsforskning
2019-2022
Region Zealand, rapport, Vi bygger for fremtidens
patienter og medarbejdere – vi bygger for dig
Region Skåne, Skånska Styrkeområden, Ett un-
derlag till regionalt tillväxt och innovationsarbete i
Skåne, 2019
Region Skåne, Skånes innovationsstrategi för håll-
bar tillväxt, 2020
SCB/Statistics Sweden, including customised
analyses
Steno Diabetes Center Copenhagen: sdcc.dk
Sydsvenskan, Swedish media outlet focusing on
southern Sweden
Website of European Cancer Moonshot Lund Center:
cancermoonshotlund.com
Website of hospitals in the Øresund Region: vard.
skane.se, rigshospitalet.dk, hvidovrehospital.dk,
bispebjerghospital.dk
Website of ReproUnion 2.0: reprounion.dk
Websites of research centres at Lund University:
ludc.lu.se, lucc.lu.se, createhealth.lth.se, scan-b.
lu.se, exodiab.se
Websites of research centres at University of Copen-
hagen: danstem.ku.dk, cbmr.ku.dk, cpr.ku.dk
Websites of community networks: Medicon Valley
Alliance, Danish Life Science Cluster
Websites of science parks and incubators: ideon.se,
mediconvillage.se, medeon.se, smileincubator.life
krinova.se, innovation.lu.se, bii.dk
Website of universities: ku.dk, forskning.ruc.dk,
lunduniversity.lu.se, mau.se, hkr.se, dtu.dk
In addition, we received data via email and telepho-
ne from companies, municipalities, trade organisa-
tions, regions, universities and other players
INTERVIEW LIST
Henrik Brabrand,
CEO, Albright Partners, telepho-
ne, 14. January 2021
Dorte X. Gram,
CEO PILA PHARMA, digital me-
eting, 20. January 2021
Peter Hartmann,
CEO, Medicon Valley Alliance,
digital meeting, 3. February 2021
Britt Meelby Jensen,
CEO, Atos Medical, digital
meeting, 12. February 2021
ØRESUND - ØRESUNDSINSTITUTTET GCLSAI • June 2021
Niclas Nilsson,
Head of R&D Open Innovation,
LEO Pharma, digital meeting, 15. February 2021
Kristian Pietras,
Professor at Lund University and
LUCC’s coordinator, telephone, 16. February 2021
Carl Borrebaeck,
Professor of immunology at Lund
University and serial entrepreneur, telephone, 18.
March 2021
Kim Raabymagle,
Country Manager Denmark,
PharmaRelations, digital meeting, 25. February 2021
Anders Eriksson,
Head of Spotlight Stock Market,
Spotlight Group, 26. February 2021
Fredrik Rahl,
Director of Sales & Capital Markets,
Sedermera Fondkommission, e-mail, 26. February
2021
Katrine Hoff,
Head of Danish Market, Spotlight
Stock Market, Spotlight Group, e-mail, 26. Febru-
ary 2021
Peter Gönczi,
CEO, Spotlight Group, e-mail, 26.
February 2021
Anders Marcusson,
Manager, Poolia Life Science
& Engineering, e-mail, 5. March 2021
Mef Nilbert,
Head of research at the Danish Can-
cer, Teams, 5. March 2021
Flemming Pociot,
Professor at the University of
Copenhagen and head of research at the Steno Di-
abetes Center Copenhagen, Teams, 9. March 2021
Finn Kristensen,
Project manager DiaUnion, tele-
fon, 9. March 2021
Kerstin Jakobsson,
Former CEO, Medicon Village
Innovation AB, e-mail, 11. March 2021
Magnus Corfitzen,
CEO, Ascelia Pharma, telepho-
ne, 11. March 2021
Morten M. Jensen,
CEO, COBIS, e-mail, 11. March
2021
Jenni Nordborg,
National Life Sciences Coor-
dinator, Government Offices of Sweden, digital
meeting,
15. March 2021
Elise Witthoff,
Coordinator iCope, telephone, 16.
March 2021
Mia Rolf,
Former CEO, Ideon AB, e-mail,
18. March 2021
Kasper Bødker Mejlvang,
Country Manager,
Novo Nordisk Denmark, e-mail, 22. March 2021
Søren Bregenholt,
CEO, Alligator Bioscience,
24. March 2021
Aleksander Giwercman,
Professor at Lund Univer-
sity, senior physician at the Reproductive Medicine
Center in Malmö and project manager, Teams, 26.
March 2021
Daniel Agardh,
Adjunct professor of diabetes
and celiac disease at Lund University, Teams, 31.
March 2021
Matias De Place,
Senior Director HR, H. Lundbeck,
e-mail, 31. March 2021
Sara Harboe,
VP Corporate QMS & Product Com-
pliance, Arjo, e-mail, 31. March 2021
Steen Donner,
CEO, DTU Science Park, e-mail,
8. April 2021
Anders Brinte,
CEO, ImaGene-IT, digital meeting,
12. April 2021
Bo Holmqvist,
CSO, ImaGene-IT, digital meeting,
12. April 2021
Marianne Kock,
CEO, Ferring Pharmaceuticals
Denmark, e-mail, 15. April 2021
Søren Møller,
Managing Partner, Novo Seeds,
digital meeting, 27. April 2021
Per Fischer,
CEO, MinervaX, telephone, 28. April
2021
Håkan Bladh,
Senior Alliance Manager, LEO Phar-
ma, e-mail, 30. April 2021
Morten Albrechtsen,
CEO, FluoGuide, telephone,
4. May 2021
Anders Månsson,
CEO, RhoVac, e-mail, 5. May 2021
Kim Kjøller,
Chairman, Danish Life Science Clus-
ter, telephone, 6. May 2021
Carsten Borring,
Head of Listings & Capital Mar-
kets, Nasdaq Copenhagen, telephone, 10. May 2021
Stephan Christgau,
Co-founder and Partner,
Eir Ventures, telephone, 10. May 2021
Björn Odlander,
Founder and Managing Partner,
HealthCap, digital meeting, 11. May 2021
Henrik Stage,
CEO, Adcendo, telephone, 12. May 2021
Thomas Kledal,
CEO, Synklino, digital meeting,
12. May 2021
Peter Bensson,
Chairman and General Partner,
Sunstone Life Science Ventures, telephone,
26. May 2021
Hans Schambye,
CEO, Galecto, e-mail, 20. May 2021
Dagnia Looms,
Senior Vice President, Novo Nord-
isk Foundation, e-mail, 26. May 2021
Göran Forsberg,
CEO, Cantargia, telephone,
28. May 2021
Ulf G. Andersson,
CEO, Medeon Science Park
& Incubator, e-mail, 12. March and 1. June 2021
Ebba Fåhraeus,
CEO, SmiLe Incubator, telephone,
3. June 2021
Erik Renström,
Vice-chancellor Lund University,
telephone, 3. June 2021
Bo Rode Hansen,
CEO; Scandion Oncology, e-mail,
8. June 2021
Anne Lis Englund,
Head of the fertility clinic at Zea-
land University Hospital, telephone, 10. June 2021
Jens Nielsen,
CEO, BioInnovation Institute, e-mail,
10. June 2021
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GREATER COPENHAGEN LIFE SCIENCE ANALYSIS INITIATIVE
is an EU-project aimed at
increasing knowledge about the region’s life science cluster Medicon Valley. The focus is
on the demand for labourers, future expertise needs, and more. The project has recei-
ved funding through the EU-programme Interreg Öresund-Kattegatt-Skagerrak and will
continue until 30 June 2022. The project’s lead partner is Medicon Valley Alliance, and the
partner is Øresundsinstituttet.
The primary objective of the GCLSA-project developed and managed jointly by the Danish-Swedish organiza-
tions Øresundsinstituttet and Medicon Valley Alliance is to
1) analyze and increase knowledge about the need and demand for competencies and skills and
2) support the development of the integrated labor market in the Danish-Swedish life science cluster, Medicon
Valley.
Furthermore, the project will establish a bi-national forum which can push this agenda on an ongoing basis
thereby addressing an issue of crucial importance for growth and employment on both the Danish and the
Swedish side of the Greater Copenhagen region.
Targeting national, regional and local Danish and Swedish policy makers and key opinion leaders from industry
and academia, the analysis work and the deliberations of the established Competencies and Skills Forum aim
to provide a more qualified point of departure for developing initiatives which
increase awareness of the supply and demand of labor in the regional life science cluster and facilitate
mobility on the bi-national regional life science labor market
optimize relevant life science educations in Sweden and Denmark including a more coherent approach to
the prioritization and distribution of resources for R&D and educational institutions specifically addres-
sing the needs of the life science industry
highlight the scientific, commercial and societal strongholds of the Medicon Valley region and market the
general attractiveness of the region as a first-class destination for both talent and business.
investigate which factors are decisive when life science companies in the region successfully develop and
expand
provide national and regional stakeholders working with labor market life science related issues a com-
mon statistic point of departure and methodology
help to eliminate obstacles to the free movement of labor (commuting) between Sweden and Denmark
ØRESUNDSINSTITUTTET
Øi is an independent Danish-Swedish centre for analytics and information that brings together more than 100 actors from the
industry, the public sector and academic institutions with the aim of strengthening knowledge about societal developments on
both sides of the Øresund Strait. As a member of Øresundsinstituttet, you become part of our strong Danish-Swedish network –
and gain access to network meetings, facts, analyses and news about developments in the Greater Copenhagen region.
www.oresundsinstituttet.org
MEDICON VALLEY ALLIANCE
MVA is a Gold Label-certified, non-profit member organisation in the Danish-Swedish life science cluster Medicon Valley. Its
300 members include universities, hospitals, human life science businesses, regional governments and service providers
that represent the Region’s ’double triple-helix’. The activities in MVA focus on strengthening collaborations for a vibrant life
science ecosystem in Medicon Valley through networking events and increased collaboration across borders and sectors.
www.mva.org
THE VISION
The vision is to be a well-known and respected member-
driven contributor to the realisation and positioning of
Medicon Valley as the most competitive and vital life science
cluster in Northern Europe.
THE MISSION
MVA is committed to realising Medicon Valley’s potential by
facilitating networking, knowledge-sharing, and collabo-
ration, analysing challenges and potentials, and mobilising
support from key opinion leaders.
In sum, the analysis work provided, and the forum established will not only help Medicon Valley prosper and
grow scientifically, but also help finetune and fuel the growth engine created by public and private stakehol-
ders during the last 20 years, which has helped Medicon Valley to firmly establish itself as the leading and
most dynamic and vibrant life science cluster of the Nordics.
CALL TO ACTION
Read more about the Danish-Swedish life science cluster organisation Medicon Valley Alliance’s events and activities on
www.mva.org, where you can also find more information about how YOUR company can benefit from a membership.
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