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Bioscience Industry Overview
Patrick Kelly
Biotechnology Industry
Organization
2
Defining the Biosciences
The biosciences are a diverse group of industries and activities with
a common link—they apply ...
Bioscience industry employment continued
to grow, even during the first year of the
recession
3
BioscienceSubsector 2008
E...
4
The total employment impact:
8 million jobs
• The full impact of the biosciences goes beyond the
direct level of employm...
Bioscience sector continues to be a
source of high-wage jobs
Drugs & Pharmaceuticals 93,378$
Finance and Insurance 85,274$...
How are we doing in the current
economic climate?
Bioscience employment
greatly outpaced national employment growth
from 2001–2008
7
85
90
95
100
105
110
115
120
2001 2002 ...
+1.6%
+38.8%
-60%
-40%
-20%
0%
20%
40%
Financials
Telecom
Energy
Industrials
Utilities
Materials
HealthCare
Technology
Con...
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MAR
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States continue to invest in bioscience
development despite state fiscal challenges
States are:
• Focusing on the agricult...
Report Conclusions
• The bioscience industry is a diverse and rapidly growing sector that
is contributing significantly to...
A look at Alabama
Through the Battelle Report
Alabama’s Scoresheet
Top 25 ranking
Bioscience Industry in Alabama
Total Bioscience Industry:
Establishments: 557
Employment: 10,146
Multiplier: 3.71
Total Em...
R&D Expenditures
Clinical Trial Activity
Venture Investment
Patent Activity
Talent Base
21
Conclusions
• Fiscal climate has put significant pressure on industry and
state governments and will continue to be cha...
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Biotechnology in Alabama

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Presentation from BIO's Patrick Kelly about findings from the Battelle report and other compelling rationale for bio in Alabama.

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Transcript of "Biotechnology in Alabama"

  1. 1. Bioscience Industry Overview Patrick Kelly Biotechnology Industry Organization
  2. 2. 2 Defining the Biosciences The biosciences are a diverse group of industries and activities with a common link—they apply knowledge of the way in which plants, animals, and humans function. The sector spans different markets and includes manufacturing, services, and research activities. By definition, the biosciences are a unique industry cluster and are constantly changing to incorporate the latest research and scientific discoveries.
  3. 3. Bioscience industry employment continued to grow, even during the first year of the recession 3 BioscienceSubsector 2008 Establishments Changein Establishments, 2001–08 Changein Establishments, 2007–08 2008 Employment Changein Employment, 2001–08 Changein Employment, 2007–08 Agricultural Feedstock&Chemicals 2,440 16.0% 6.4% 114,793 1.9% 4.6% Drugs &Pharmaceuticals 2,771 6.4% 2.0% 311,882 2.3% -2.3% Medical Devices &Equipment 15,227 0.4% 1.6% 435,509 2.0% 2.4% Research,Testing,&Medical Laboratories 27,154 57.7% 6.1% 558,140 46.1% 2.1% TotalU.S.Biosciences 47,593 28.3% 4.4% 1,420,324 15.8% 1.4%
  4. 4. 4 The total employment impact: 8 million jobs • The full impact of the biosciences goes beyond the direct level of employment and earnings presented in the report • By applying national and state employment multipliers, we are able to quantify the broad “ripple effect” of adding bioscience jobs on the greater economy • On a national basis, 5.8 additional jobs are created for every 1 new bioscience job
  5. 5. Bioscience sector continues to be a source of high-wage jobs Drugs & Pharmaceuticals 93,378$ Finance and Insurance 85,274$ Research, Testing, & Medical Laboratories 80,785$ Total Biosciences 77,595$ Professional, Scientific, and Technical Services 74,354$ Agricultural Feedstock & Chemicals 72,279$ Information 70,780$ Medical Devices & Equipment 63,606$ Manufacturing 54,392$ Construction 49,014$ U.S. Total Private Sector 45,229$ Real Estate and Rental and Leasing 43,239$ Transportation and Warehousing 42,969$ Health Care and Social Assistance 42,150$ Retail Trade 26,181$ U.S. Average Annual Wages per Employee, 2008 • The overall bioscience sector paid average annual wages of $77,595 in 2008, $32,366 more than the average annual wage of the total U.S. private sector. • Real earning for bioscience industry workers have increased by 10.1% since 2001, compared with 3.2% for the U.S. private sector 5
  6. 6. How are we doing in the current economic climate?
  7. 7. Bioscience employment greatly outpaced national employment growth from 2001–2008 7 85 90 95 100 105 110 115 120 2001 2002 2003 2004 2005 2006 2007 2008 U.S. Bioscience Industry U.S. Total Private Sector - 100,000 200,000 300,000 400,000 500,000 600,000 Agricultural Feedstock& Chemicals Drugs & Pharmaceuticals MedicalDevices& Equipment Research, Testing, & Medical Laboratories 2001 Employment 2007 Employment 2008 Employment
  8. 8. +1.6% +38.8% -60% -40% -20% 0% 20% 40% Financials Telecom Energy Industrials Utilities Materials HealthCare Technology Cons.Disc. Cons.Staples NBI BTK %returnsinceOct9th,2007 (Source: BIO, Factset, Sept. 27th, 2010) Biotech Sector Performance Since 2007
  9. 9. 0 10 20 30 40 50 60 70 JUL SEP NOV JAN MAR MAY JUL SEP NOV JAN MAR MAY JUL SEP NOV JAN MAR MAY JUL SEP NOV JAN MAR MAY JUL SEP NOV CumulativeTotalofUSIPOs 2010 US IPO “WINDOW” 2009 2010 Cumberland IPO August 2009 2011 2012 2013
  10. 10. 0 10 20 30 40 50 60 70 JUL SEP NOV JAN MAR MAY JUL SEP NOV JAN MAR MAY JUL SEP NOV JAN MAR MAY JUL SEP NOV JAN MAR MAY JUL SEP NOV CumulativeTotalofUSIPOs …How it ended last time around: 2003 2004 2005 2006 2007
  11. 11. States continue to invest in bioscience development despite state fiscal challenges States are: • Focusing on the agricultural, biotechnology, bioenergy and bioproducts industry subsectors • Implementing new programs to build R&D capacity and advance commercialization of research discoveries • Addressing the need for early-stage capital • Enacting tax policies that are supportive of the bioscience industry 11
  12. 12. Report Conclusions • The bioscience industry is a diverse and rapidly growing sector that is contributing significantly to national, state and regional economies • The industry continued to add employment during the first year of the recession and the financial performance of public bioscience companies through 2009 was positive • But continued bioscience development is not guaranteed – States face difficult fiscal times – Federal fiscal woes threaten NIH funding – The recession has negatively impacted the availability of venture capital for bioscience firms – K-12 math and science education remains a significant concern • State and national policymakers have a key role to play in ensuring that these challenges are addressed in order to allow the U.S. to continue to be a world leader in the biosciences. Battelle/BIO State Biosciences Initiatives 2010 12
  13. 13. A look at Alabama Through the Battelle Report
  14. 14. Alabama’s Scoresheet Top 25 ranking
  15. 15. Bioscience Industry in Alabama Total Bioscience Industry: Establishments: 557 Employment: 10,146 Multiplier: 3.71 Total Employment: 37,634 Avg. Salary: $55,916
  16. 16. R&D Expenditures
  17. 17. Clinical Trial Activity
  18. 18. Venture Investment
  19. 19. Patent Activity
  20. 20. Talent Base
  21. 21. 21 Conclusions • Fiscal climate has put significant pressure on industry and state governments and will continue to be challenge for the foreseeable future • States and regions increasingly aware of industry needs and are implementing policies and programs to support industry growth • Alabama has significant bioscience assets that are highly coveted. The state should insure that it is doing as much as possible to encourage industry development and retention.
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