Life S i          Lif Science Industry                       I d t              Trends in the              New EconomyJoe ...
What BIOCOM DoesMission: To position the Southern CA life science community onthe global stage as the center of life scien...
Who Our Members Are•   550 member organizations in Southern CA•   Pharmaceutical and biotechnology•   Medical device and d...
What We Do for Our Members•   Advocacy/Public P li    Ad      /P bli Policy    – Washington D.C.    – Sacramento    – San ...
SD Life Science Companies Pfizer    LillyNovartis                   Johnson & J h                   J h       Johnson
A Few Major Local Industry      Contributions to Life Science•   PSA test for prostate cancer - Hybritech•   Insect resist...
Why Southern California?•   Intellectual P    I t ll t l Property and Innovation                      t    dI     ti•   Ac...
So Cal Breadth of Life Science•   Academia             Opportunities•   Research Institutions•   Pharmaceutical Companies•...
Our Impact on the Local Economy•   1150 companies in SD and Orange Counties•   150,000 jobs in Southern CA life science in...
CA Life Science Industry Highlights                  Total life science companies: 2,042                 Total estimated r...
Leading High Tech Employer        High-Tech
Life Science EmploymentCHI California Biomedical Industry 2009 Report
Robust Wages               Average industry wage of $75,000 outpaced by 80% the                Estimated annual wage of al...
Employment Growth      Between 2003 and 2007, the industry added approximately 23,000 jobs and grew at an                 ...
Everyscientistcreates 3-5supporting   jobs
Re-Inventing the Life Science Industry           g                         y   • Changing the industry versus changing wit...
The Evolution of Medicine                         New competencies in molecular medicine and                Drug          ...
Confluence of Tech, Tools & Knowledge
• Industrial Biotechnology =  The New Industrial   Revolution    •   INVESTMENT HAS WORKED    •   JOBS    •   ECONOMY    •...
2011 BIOCOM & BayBio            CA Industrial Biotech Workforce Survey•   Californias industrial biotechnology industry in...
CA Industrial Biotech Workforce Survey Cont.•Biofuels/Chemicals are 85% of all respondents founded since 200054           ...
The Biobased Economy TomorrowCirca 2025    Market         JobsRenewable     >20% U.S.     237,000Chemicals /   chemicals  ...
Projected US Biofuels Industry          Jobs/Economic Forecast*                            2012                  2016     ...
The BIOCOM Institute serves as a bridge     between l     b       learning i i i                  i institutions and lif s...
BIOCOM Institute/SDSU Secure $4.95 million    DOL Biotechnology Readiness, Immersion,                         Readiness Im...
Educating & Developing WorkersEd     ti     D     l i W k for the Green Economy (EDGE)             InitiativeA Partnership...
EDGE Services and Training           S   i      dT i i•   Biomass Production Certificate•   Biofuels Science Technician Ce...
Life Science Immersion Program    Industrial Biotech Immersion Program    A combination of web based industry video presen...
BioCollaborative Learning Community Portal        g         yParticipants access information, engage in forum discussions,...
BIOCOM Career Center      www.BiocomCareerCenter.org• Specific to the Life Science Industry in Southern  California• Job w...
BIOCOM Institute’s Website www.BiocomInstitute.org
Search Life Science Careers• Searchable terms   –   Career Title   –   Degree       D   –   Experience   –   Category (Adm...
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Presentation1 industry trends panetta

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Presentation by Joe Panetta at Southern California Biotechnology Conference 2012

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Presentation1 industry trends panetta

  1. 1. Life S i Lif Science Industry I d t Trends in the New EconomyJoe Panetta, President & CEO, BIOCOM4510 Executive Dr., Plaza OneSan Diego, CA 92121 www.biocom.org
  2. 2. What BIOCOM DoesMission: To position the Southern CA life science community onthe global stage as the center of life science innovation and productcommercialization.Membership: More than 550 life science companies, researchinstitutes and universities professional services providers and universities, providers,governmental entities.Programs: Advocacy/public policy, capital fP Ad / bli li it l formation, tieducation/workforce development, networking, member-to-memberservices. www.biocom.org
  3. 3. Who Our Members Are• 550 member organizations in Southern CA• Pharmaceutical and biotechnology• Medical device and diagnostics• Industrial biotech and biofuels• Research institutes and universities• Professional service providers p www.biocom.org
  4. 4. What We Do for Our Members• Advocacy/Public P li Ad /P bli Policy – Washington D.C. – Sacramento – San Diego• Capital Formation• Education and Workforce Development• Networking and Conferences• Member-to-Member Services• Group Purchasing www.biocom.org
  5. 5. SD Life Science Companies Pfizer LillyNovartis Johnson & J h J h Johnson
  6. 6. A Few Major Local Industry Contributions to Life Science• PSA test for prostate cancer - Hybritech• Insect resistant crops - Mycogen• Viracept for HIV/AIDS - Agouron• Rituxin for non-Hodgekins lymphoma - Idec• Nucleic acid tests for blood screening - Gen Probe Gen-Probe• Byetta for blood glucose regulation - Amylin• Sutent for advanced renal cancer - Pfizer La Jolla• Rapid assay test for congestive heart failure - Biosite www.biocom.org
  7. 7. Why Southern California?• Intellectual P I t ll t l Property and Innovation t dI ti• Academic research• Private Research Institutes• Capital• Depth and Breadth of Talent• Diversity of Companies and Technology• Industry Associations• Convergence Opportunities• Collaboration www.biocom.org
  8. 8. So Cal Breadth of Life Science• Academia Opportunities• Research Institutions• Pharmaceutical Companies• Biotech Drug Companies• Enabling technology or “toolbox” Companies• CROs and Service Providers• Diagnostics Companies• Medical Device Companies• Industrial and Biofuels Companies• Wireless Health Care www.biocom.org
  9. 9. Our Impact on the Local Economy• 1150 companies in SD and Orange Counties• 150,000 jobs in Southern CA life science industry• Overall net employment increase in 2009 of 5%• About $1.5 billion in NIH research funding came to Southern CA last year. www.biocom.org
  10. 10. CA Life Science Industry Highlights Total life science companies: 2,042 Total estimated revenue: $74.5 billion Total estimated employment: 271 000 271,000 Overall biomedical average wages: $75,000Life Science Workforce Needs:• Individuals that possess a mix of science, technology and business skills• Clinical research staff, engineers, medical laboratory scientists, technicians• Workers to fill the workforce gap left by retiring baby boomers• Individuals trained in new disciplines such as: Biofuels, Industrial Biotech, Personalized Medicine, Stem Cells CHI California Biomedical Industry 2009 Report
  11. 11. Leading High Tech Employer High-Tech
  12. 12. Life Science EmploymentCHI California Biomedical Industry 2009 Report
  13. 13. Robust Wages Average industry wage of $75,000 outpaced by 80% the Estimated annual wage of all occupations in the state.CHI California Biomedical Industry 2009 Report
  14. 14. Employment Growth Between 2003 and 2007, the industry added approximately 23,000 jobs and grew at an annual average rate of 1.76%.CHI California Biomedical Industry 2009 Report
  15. 15. Everyscientistcreates 3-5supporting jobs
  16. 16. Re-Inventing the Life Science Industry g y • Changing the industry versus changing with the industry • Escaping the myopia of current markets and investor horizons • Organizational re-structuring and process re- engineering are insufficient for survival • Creation of unimagined products, services and businesses – I t Integration of Dx, Rx and Ix ti fD R dISource: George Poste/Burrill & Company
  17. 17. The Evolution of Medicine New competencies in molecular medicine and Drug biomedical informatics Real-time information for Molecular diagnostics optimum decision-making ti d i i ki Drug Disease management protocols, protocols Package insert Genetic patient profiling information Rx R 2008 Medicine 2020Source: George Poste
  18. 18. Confluence of Tech, Tools & Knowledge
  19. 19. • Industrial Biotechnology = The New Industrial Revolution • INVESTMENT HAS WORKED • JOBS • ECONOMY • NATIONAL SECURITY • ENVIRONMENT
  20. 20. 2011 BIOCOM & BayBio CA Industrial Biotech Workforce Survey• Californias industrial biotechnology industry increased gy y employment by 632 percent in the past five years• 33 Companies Responded• Revenues range f R from $0 t $9 7 billi to $9.7 billion• Companies self-report a wide range of Industrial Biotechnology: biofuels, chemicals, improved feedstock, biofuels chemicals feedstock genomics, food/beverage and new technologies• Hiring Needs: Technicians/Chemists/Cell Biologists all with g g Project Management Knowledge
  21. 21. CA Industrial Biotech Workforce Survey Cont.•Biofuels/Chemicals are 85% of all respondents founded since 200054 Technology Development3 Biofuels, Chemicals Industrial Chemicals Ag Biotech2 Enymes (including chemicals) Biofuels Bi f l Algal Products10 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
  22. 22. The Biobased Economy TomorrowCirca 2025 Market JobsRenewable >20% U.S. 237,000Chemicals / chemicals additionalBiobased sales (USDA ) direct jobs inProducts U.S.
  23. 23. Projected US Biofuels Industry Jobs/Economic Forecast* 2012 2016 2022Direct Jobs 29,000 94,000 190,000Multiplier Jobs 123,000 383,000 807,000New Plant Investment $3.2B $8.5B $12.2BCum. Facilities Investment - - $95.0BDirect Economic Output $5.5B $17.4B $37.0B* BioEconomic Research Associates “US Economic Impact of Advanced Biofuels Production: Perspectives to 2030” www.biocom.org
  24. 24. The BIOCOM Institute serves as a bridge between l b learning i i i i institutions and lif science d life i companies to build education initiatives that advance science literacy Learning  Life Science Institutions/I tit ti / Industry Students
  25. 25. BIOCOM Institute/SDSU Secure $4.95 million DOL Biotechnology Readiness, Immersion, Readiness Immersion Certification and Degrees for Gainful Employment (BRIDGE) Grant• BRIDGE Grant – Education, training, and placement services to more than 1,000 veterans and workers within the San Diego region – Only 55 grants awarded out of 700 applications (7.8%) – One of only four biotech proposals awarded• What it means – S Solidifies San Diego as a hub of innovation f S f• What we will do with the BRIDGE Grant – Subsidize internships, industry specific workforce training, and bridge the g p gap between academia and industry y – Launch the Life Science Immersion Program and expand the BioCollaborative
  26. 26. Educating & Developing WorkersEd ti D l i W k for the Green Economy (EDGE) InitiativeA Partnership between BIOCOM, CleanTECHSan Diego and San Diego Regional EDC g g g www.biocom.org
  27. 27. EDGE Services and Training S i dT i i• Biomass Production Certificate• Biofuels Science Technician Certificate• Advanced Training in Biofuels Production Certificate Program• Industrial Biotech Immersion Program• BioCollaborative Web Portal – designed to connect job seekers with industry Call the Institute to take this program for FREE. p g www.biocom.org
  28. 28. Life Science Immersion Program Industrial Biotech Immersion Program A combination of web based industry video presentations and case study modules with four functional areas:• Business Environment• Finance• Product, Product Process and Regulatory Development• Business Development & Marketing Call the Institute to take this program for FREE.
  29. 29. BioCollaborative Learning Community Portal g yParticipants access information, engage in forum discussions, discussionsupload and download materials,tools, videos and templates via an interactive portal
  30. 30. BIOCOM Career Center www.BiocomCareerCenter.org• Specific to the Life Science Industry in Southern California• Job website with 500+ Positions• BIOCOM members receive free access to the resume database d t b• Powered by BioSpace
  31. 31. BIOCOM Institute’s Website www.BiocomInstitute.org
  32. 32. Search Life Science Careers• Searchable terms – Career Title – Degree D – Experience – Category (Administration, R&D, Clinical, Marketing, etc)• Search by Keyword y y

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