Methodology

This report has been produced by the Medicon Valley Alliance in cooperation with Citeline using data from three proprietary Norstella platforms.

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Abbreviations

Abbreviation	Expansion	Abbreviation	Expansion
AI	Artificial intelligence	m	Meter
API	Active pharmaceutical ingredient	M	Million
B	Billion	M&A	Mergers and acquisitions
BII	BioInnovation institute	MRI	Magnetic resonance imaging
BLA	Biological license application	mRNA	Messenger RNA
CDMO	Contract development and manufacturing organization	N/A	Not available
CEO	Chief executive officer	NASH	Nonalcoholic fatty liver disease
cGMP	Current good manufacturing practice	NDA	New drug application
CRO	Contract Research Organization	NSCLC	Non-small cell lung cancer
DKK	Danish krone	PhD	Doctor of Philosophy
DNA	Deoxyribonucleic acid	PMDA	Pharmaceuticals and Medical Devices Agency
DTU	Technical University of Denmark	QS	Quacquarelli Symonds
FDA	Food and Drug Administration	R&D	Research & Development
GMP	Good manufacturing practice	RNA	Ribonucleic acid
H	Half	SEK	Swedish Krona
HQ	Headquarters	SPPS	Solid-phase peptide synthesis
IPO	Initial public offering	US	United States
L	Liter	VP	Vice president
LPPS	Liquid-phase peptide synthesis	WH	Women"s health
LS	Life science