(AOF) – Pharmasimple announces the conclusion of a loan agreement with the alternative investment fund Alpha Blue Ocean (“ABO”) through its investment fund Global Tech Opportunities 12 for a principal amount of 5,644,080 euros. This source of financing will enable this company, which specializes in the online distribution of parapharmacy products, to finalize its restructuring, to pursue the reversal of its business plan and to meet its short and medium-term obligations.
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Loss of speed in European research
European research is losing ground to American and Chinese research. In twenty years, Europe’s share has fallen from 41% to 31% in global R&D. China’s share jumped from 1% to 8%. As for the United States, which supplanted Europe, in 2001 it devoted only 2 billion euros per year more than Europe to R&D, whereas now this gap has reached 25 billion! Some experts accuse the European authorities of not having deployed effective policies. The financing of pharmaceutical research should therefore have been better targeted via the “Horizon 2020” programme. France only comes in eighteenth position in European funding despite the quality of its research. Conversely, the United States concentrates funding on Boston and a few centers of excellence.