Dec 2011

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Report: Over one third of clinical trials are outsourced by pharma companies. The portion of global R&D expenses outsourced to contract drug developers reached $36.6 billion in 2011, up 6.6% from $31.8 billion in 2009.
European Commission launches framework for research and innovation: Horizon 2020.
The Israeli legislation regarding clinical trials was postponed by half a year until July 1, 2012 (Hebrew).

Estimates show Israeli economy grew 4.8% in 2011. However, by the third quarter GDP growth was slowing.
Moody's reiterated its A1 rating on government bonds with a "Stable" outlook for Israel.

Apple to open R&D center in Israel. Technology giant set to inaugurate first development center outside US at Haifa's Scientific Industries Center, due to its proximity to Technion.
Cornell, Technion win NYCTech campus project. The Technion and Cornell will build a two-million square-foot applied science and engineering campus on Roosevelt Island.

US delegations to Israel seek stronger bilateral ties. Two high-level American delegations reached out to Israeli business leaders in December as they explored cooperation in renewable energy, aerospace, medicine and other technologies.