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The Swiss biotech industry has developed over the past decade into an important pillar of the economy. With home-based multinationals and vibrant SMEs (small and medium sized enterprises), it ranks among the top ten biotech industries around the globe and is Europe’s innovation leader. Switzerland is home to 249 companies, three quarters of which are core biotech companies with solid research programs, while the remaining quarter form a strong base of biotech suppliers. As a whole, the branch employs more than 19’000 people.