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Multinational Biotechnology Companies and their Lobby Group Essay Example

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Multinational Biotechnology Companies and their Lobby Group

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Multinational Biotechnology Companies and their Lobby Group. Eurofins are the world leaders in food and feed testing. They undertake nutritional testing, analyses for traces of residues and pesticides, allergen testing and determining the origin and authenticity. However, there is strong consumer resistance and the acceptability of such food is low. Eurofins contributes to a clean and safe environment by providing market-leading laboratory testing, monitoring, and consultancy services to a wide range of industrial companies, environmental consultants, contractors, retailers, and government authorities. They are the global market leaders in dioxin testing. The data supplied by them can be relied upon which is why they have been appointed by the Danish government as National Reference Laboratory for testing soil and water.

The robust quality of the food, pharma, and environmental testing markets is evident from the growth in revenues by 33 percent in 2008 (Media center, 2008). Despite a strong position Eurofins faces certain challenges due to macro drivers like regulations, the global supply chain, and consumer awareness.
Eurofins is planning to close two European facilities and one US site as they want to consolidate and assign assets (GenomeWeb, 2007). It has recently acquired three genomics companies with facilities in Germany and the US and Japan. This has taken place to the competitive market scenario as there is overcapacity in the market and investments are not justified.
Until the mid-1990s, Europe’s biotech industry was closely modeled on the strategies and institutional support structures as in the United States. Any commercialization of biotech research took place directly between academics and the pharmaceutical company. Some firms go in for royalty-bearing licensing like Mycogen to Ciba while others have non-loyalty bearing licensing like AgrEvo and then some even enter into royalties and fees like Monsanto (Renkoski, 1997).
The German biotech industry has suddenly taken off whereas the UK biotech industry has become stagnant. According to Casper and Kettler (2001), there is no one right way to organize commercial biotechnology. Multinational Biotechnology Companies and their Lobby Group.

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preview essay on Multinational Biotechnology Companies and their Lobby Group
  • Pages: 12 (3000 words)
  • Document Type: Essay
  • Subject: Technology
  • Level: Undergraduate
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