Innovation Report

 
report Invest in Basel region

Roivant is creating a buzz in Basel

13.06.2017

Roivant Sciences, a fast-growing life sciences company from the US, recently opened its global headquarters in Basel. In celebration of their newly established location, Roivant, together with BaselArea.swiss, invited stakeholders from the life sciences sector to “Halle 7, Gundeldingerfeld” in Basel on June 8th 2017 for a panel discussion on the future of healthcare.

More than 150 guests were interested in hearing this success story first-hand from Roivant Sciences’ founder and CEO, Vivek Ramaswamy. Ramaswamy, a member of the renowned “Forbes 30 Under 30” list and also named a “prodigy” by Forbes magazine for the biggest biotech IPO in US history, gave a trenchant keynote speech before being joined by a panel of experts from Basel’s pharma and biotech industry.

Ramaswamy explained his mission: “We concentrate on promising science and passionate people to systematically reduce the time, cost and risk of bringing new medicines to market”, he said. Roivant Sciences buys and develops drugs that are shelved by other large pharmaceutical companies, and that are stuck in the middle of the drug development traffic within the organization. Ramaswamy’s mission is to create an “alternative highway” by bringing together top talent in drug development and other industries and focus on those assets within lean and dynamic structures. Ramaswamy is certain that data will make the difference in bringing drugs speedily to market.

Roivant Sciences is the umbrella company of five (and the number growing!) late-stage biopharma companies in different therapeutic areas: Axovant tackles dementia, Dermavant deals with dermatology, Myovant focuses on women’s health, Urovant concentrates on urology and Enzyvant develops therapies for patients with rare diseases. All Roivant-family companies can tap into standard capabilities built at Roivant, while each company can develop capabilities of their own to address their specific market requirements.

Settling in Basel without red tape

In his speech, Ramaswamy also made a case for Basel as a headquarters location: “Different nationalities are coming together in this place, three different languages are spoken on the street.” Although relatively small, Basel-Stadt and Basel-Landschaft would be “punching way above their weight”. He also mentioned the thriving biotech scene and the deep humanistic tradition in Basel. In addition, Ramaswamy thanked the Basel authorities for lowering barriers in setting up a business: “There was no red tape. They made setting up here a pleasure.”

During the subsequent panel discussion, Vas Narashimhan, Global Head of Drug Development and Chief Medical Officer at Novartis, Jonathan Knowles, Chairman of the board of directors at Immunocore Limited, David Hung, CEO of Axovant and Vivek Ramaswamy discussed the future of healthcare. Moderated by Alethia de Léon from BaseLaunch, the conversation included topics such as data collection, and critical questions about the current challenges and opportunities of the pharma industry were raised. Big data and biomarkers were some of the highlighted topics as potentially helping to address some of the R&D productivity issues the industry is currently facing. 

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The Chemical Industry is ALIVE in the Basel region!

07.09.2016

“The chemical industry is dead…” this was the provoking first sentence of the invitation to the Business Event «Chemical Industry: Opportunities in the Basel area», Sept. 1st 2016, at Infrapark Baselland (Link). And it really provoked the speakers to demonstrate the opposite! Over 90 people gathered at the Infrapark Baselland to listen to the stories of change and new successes.

Thomas Weber, cantonal counciler of Baselland, welcomed the audience. “The benefits of Chemical Parks” were quite obvious after the talk of Dr. Ulrich Ott, Head of Clariant Europe – make your own core process, but buy everything else, from analytics to logistics and technical services. Currently, the third wave in park development just happens: the business incubation of new companies.

Distribution of chemicals and prototype testing
Three speakers from three different companies at the Infrapark illustrated very nicely the different benefits for different needs. Dr. Albrecht Metzger of Bayer Crop Science Schweiz AG illustrated the very successful expansion of the production facilities of Bayer Crop Science. Within 8 years, the number of employees triplet and more than 100m CHF investments were taken to expand and improve the production. The engineering and services of the Infrapark were essential for this success.

Smart distribution of chemicals and conditioning is the core business of Brenntag, as Dr. Thomas Heinrich, of the Brenntag Schweizerhall AG explained. With a global turnover of over a billion Swiss Francs, there is no question that a company can make money by just distribution! Their service adds real value to the supply chain. At the Infrapark, there are not only many users of chemicals, there is also a very smart distribution system established by the right mix of tanks and piping. This saves the chemical companies a lot of own handling, decreases truck movements and increases safety. Really a smart business – right at the Infrapark.

The facilities provide also the ideal location for young companies. AVA Biochem has patented processes to turn sugars into valuable chemicals which might make plastic bottles 100% renewable. Already 20 tons per year of 5-HydroxyMethylFurfural (5-HMF) can be produced in Muttenz, as Dr. Thomas M. Kläusli of AVA Biochem BSL AG explained. This test production is the prototype for much larger capacities – and it is ideally suited at the Infrapark with all the infrastructure and the fast responses of the different service units.

Chemical industry economically important for the region
The chemical industry is very well alive! Renaud Spitz, Head of Infrapark Baselland AG and Country Head Clariant Switzerland, explained how Clariant developed the vision of an Infrapark in 2011 at what benefits it already has today for 15 different companies. Vaguely, he outlined an even larger vision of a great common Infrapark in this area with benefits for many stakeholders, even though the realization might take many years. Finally, Thomas Kübler of Economic Promotion Baselland, illustrated how important the chemical industry is economically for this area. He reminded us also that many products for the pharma industry are being produced chemically, even though pharma and chemistry are often taken as two very different industries.

In conclusion, a very impressive demonstration of the strength of the chemical industries here. Definitely, the chemical industry is very much alive in this region!

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