Biotechnology 1

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Biotechnology 1

  1. 1. The Pharmaceutical and Biotechnology Industries Sue, Elissa, Diana, Ellen, Bret, and Adrienne Presented by The Clubs:
  2. 2. Overview of the Pharmaceutical / Biotechnology Industry  Pharmaceutical companies produce and market drugs, livestock feed supplements, vitamins, and a host of other products.  Consistently one of the most profitable industries in the U.S. with sales exceeding $300 billion per year.  The Biotechnology industry uses advances in genetics research to develop products for human diseases and conditions and includes companies engaged in drug discovery and production, research, and biologically engineered food production.  Biotech opportunities largely mirror those in the pharmaceutical industry even though this industry is still in its’ infancy developmentally. Focus is on R & D now – marketing and sales will come later.
  3. 3. Trends…..  Biotech companies have formed partnerships with big pharmaceutical companies to better utilize joint resources for research, marketing and sales distribution networks.  Going toward large scale consolidation of companies from many to a few very large. This trend can negatively impact employment opportunities for many.  Potential problems ahead due to expiring patents on certain drugs, economic downturn, criticism for profit margin at the expense of the consumer.  Hope lies ahead in bioethics and stem cell research.
  4. 4. Love In Pharmaceutical / Biotechnology Industry  Industry creates products that ease suffering, save lives, make many foods cheaper and more accessible,and improve the environment.  Brainy Industry! Intellectually satisfying career.  High earning potential.  Cutting edge technology in R & D Departments.
  5. 5. Hate In Pharmaceutical/ Biotechnology Industry  High risk of company layoff due to consolidation and mergers as the bottom line investment is not in saving lives but in the profit margin.  High level of education needed, PhD level, in order to meet with any level of continued success.  Few R & D ideas develop into actual products.Extensive reading,communicating, and teamwork needed in order to meet any level of success.  All the news isn’t rosy in the land of “biotech” and “pharma.” Weak new-product pipelines, in addition to the general economic downturn, have depressed stock prices.
  6. 6. Major Players
  7. 7. Biotechnology & Pharmaceutical Industry •Handful of multinational giants that dominate the industry known as BIG PHARMA. •Majority located in United States with some in Western Europe. •Industry employs tens of thousands of people and sell drugs in every corner of the world. •Because the cost of high costs of drug development, manufacturing, marketing, and sales, multinational giants are seeking partnerships with biotechnology companies
  8. 8. Biotechnology and Pharmaceutical Industry Job Descriptions  Lab Tech – performs routine tasks to keep labs functioning.  Research Associate – conducts experiments under the guidance of scientists.  Research Scientist – designs and conducts experiments, (PhD +).
  9. 9. Biotechnology and Pharmaceutical Industry Job Descriptions (continued)  Clinical Research Physician – M.D. that develops and implements clinical trials.  Quality Control Analyst – Entry level, (B.S. degree), insures company meets Federal requirements.  Other Careers - opportunities exist for engineers, IT specialists, lawyers, salespeople, and marketing specialists.
  10. 10. Top 5 Bio-Tech Employers on Long Island  CURATIVE HEALTH SERVICES INC. 50 Motor Pkwy., Hauppauge, 11788 www.curative.com Revenue: $174.5 million Profit: $16 million CEO: Joseph Feshbach Employees: 400; local, 90  TWINLAB CORP. 150 Motor Pkwy., Suite 210, Hauppauge, 11788 www.twinlab.com Revenue: $138.9 million Loss: $39.9 million CEO: Ross Blechman Employees: 620; local, 110
  11. 11. Top 5 Bio-Tech Employers on Long Island  E-Z-EM INC. 1111 Marcus Ave., Lake Success, 11042 www.ezem.com Revenue: $129.5 million Profit: $1.2 million CEO: Anthony Lombardo Employees: 868; local, 243  ENZO BIOCHEM INC. 60 Executive Blvd., Farmingdale, 11735 www.enzo.com Revenue: $59.3 million Profit: $9.4 million CEO: Elazar Rabbani Employees: 230; local, 220
  12. 12. Top 5 Bio-Tech Employers on Long Island  HI-TECH PHARMACAL CO. 369 Bayview Ave., Amityville, 11701 www.hitechpharm.com Revenue: $46.1 million Profit: $5.6 million CEO: David S. Seltzer Employees: 200; local, 190
  13. 13. Bio-Tech Career Overview  Bio-Tech is a 300 Billion Dollar Industry  Successful business are largely dependent of FDA approval  Bio-Tech is a fast growing industry with a potential for long term – stable employment  Benefits include generous annual stock-option grants for managers  Average annual salary is approx. 52K
  14. 14. Career Overview Bio-Tech careers are primarily focused on Research & Development, but may incorporate other business facets such as:  Marketing  Engineering  Computer Programming  Health Care Professionals
  15. 15. Career Overview There is also a growing need in specialized projects: for nutritionists, environmentalists, and law-enforcement specialists:  Nutritionists,  Environmentalists,  Law-enforcement specialists,
  16. 16. Job Requirements in Biotech and Pharmaceuticals Educ ational  re qu ir emen ts range with position from the entry level requirements of a lab tech to those requiring a BS, MBA or other MS, PhD, post doctoral or MD. Job titles include: • Lab tech • Research Associate • Research Scientist • Sales Rep • Marketing Analyst/ Associate Product Manager • Product Manager • Programmer/Analyst • Regulatory Affairs Specialist • Patent Attorney • Clinical Research Physician Advice for g ettin g hire d: • Do your homework and know who you are talking to • Be flexible • Be ready to demonstrate that you can apply what you have learned in school!M a
  17. 17. Biotech/Pharmaceuticals- The Job Outlook  Biotechnology and drug manufacturing rank among the fastest growing industries in the U.S. and will continue to increase faster than the average through 2010.  People with all sorts of backgrounds find jobs here--not just scientists, but also engineers, business people, computer programmers and health-care professionals.  There is a growing need in specialized projects for nutritionists, environmentalists, and law enforcement specialists, among others.  Big Pharma companies are good places to work if you like stability--many people will spend whole careers at a single company, enjoying the traditional accoutrements of corporate life.
  18. 18. Career Tracks- Details Jobs & Salaries Lab Technicians Lab techs perform the routine maintenance tasks that are needed to keep labs functioning Salary range: $20,000 to $35,000 Research Associate Conduct experiments under the guidance of scientists with PhDs Salary range: $30,000 to $60,000 Research Scientist Designing and conducting experiments and writing up results for publication Salary range: $60,000 to $100,000
  19. 19. Jobs & Salaries… Marketing Analyst/Associate Product Manager Responsible for coordinating and implementing campaigns for specific drugs and/or audiences Salary range: $35,000 to $75,000. Sales Representative Focus on working with physicians, hospitals, HMOs, and countless other medical institutions to keep health-care professionals abreast of—and, if possible, partial toward—your company's line of products. Salary range: $30,000 to $70,000
  20. 20. Jobs and Salaries… Product Manager Requires managing a team of people and working to determine price, distribution, brand image, forecasting, and overall strategy for one or more drugs Salary range: $60,000 to $100,000  Programmer/Analyst Programmers create and maintain complex databases, particularly for clinical trials, which can involve thousands of patients Salary range: $40,000 to $90,000
  21. 21. Jobs & Salaries…  Regulatory Affairs Specialist Communicate with government agencies, complete forms, and fulfill requests to ensure a company’s compliance with governmental regulations Salary range: $35,000 to $90,000 Patent Attorney Help obtain patents for newly developed products or work with regulatory affairs development and manufacturing processes specialists to ensure that a company's are in accordance with the extraordinarily detailed regulations imposed by the FDA Salary range: $90,000 to $130,000 or more
  22. 22. Jobs & Salaries… Clinical Research Physician (CRP) Develop and implement plans for ushering experimental drugs through clinical trials. You'll work on cross- functional teams to document the pharmacological, regulatory, and clinical parameters of the drugs you study. Salary range: $90,000 to $200,000
  23. 23. The Lowdown on the Industry ….. Pharmaceuticals  The USA leads the world in pill popping with largest market share and 5 of the 10 largest conglomerates.  Europe is # 2 in the world for consumption  Japan is #3 in the world for consumption  Focus is on products for chronic diseases such as ulcers and high cholesterol rather than acute diseases such as cancer and cardiovascular conditions.
  24. 24.  AAPS Pharmaceutica  Academy of Managed Care Pharmacy  American Pharmaceutical Association  American Society of Health-System Pharmacists  Drug Information Association  Generic Pharmaceutical Association  International Pharmaceutical Federation  Pharmaceutical Producers Association  Pharmaceutical Research and Manufacturers of America  World Health Organization The Lowdown on the Industry ….. Associations and Organizations
  25. 25. The Lowdown on the Industry ….. Biotechnology Categories  Medical  Counter Bioterrorism (vaccines, antidotes, biosensors and other technology)  Protemics-the study of proteins. Studying the genes that encode the proteins and amino acids is the key to curing some diseases since some of them are linked to diseases.  Agricultural Genetically modified foods for humans and animals.
  26. 26. The Lowdown on the Industry …..  An offshoot of the Biotech industry is the Bioinformatics market. It includes the equipment used to produce raw data and the software used to analyze the data.  The Bioinformatics market is expected to pass $2 Billion by 2007. The buyers are Pharmaceutical companies.
  27. 27. The Lowdown on the Industry ….. Associations and Organizations Bioinformatics.org Biotechnology Industry Organization Genetic Engineering Organization Office of Biotechnology Activities

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