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At 30, biotech is an industry at a crossroads

So just how old is the biotech industry? The July 2006 edition of MedAd News sustains that the industry has hit its 30th birthday this year. On Aug, 23, 2004, I wrote an article for this publication on "The Birth of Biotech: San Francisco, Boston, Geneva, or Chicago?"

In this ar......

Full article >>> llion, which grew 18 percent over the prior year (remember that the entire pharmaceutical industry grew 7 percent last year, and 5 percent in North America).
  • Losses of $4.3 billion, which decreased 30 percent from the prior year.
  • 32 new product approvals in the U.S., including 17 first-time approvals.
  • The second highest year for raising capital......

    Full article >>> companies.
  • Focus of cancer drugs on tumor types rather than tumor location: This dynamic is changing treatment modality in oncology. There are over 400 cancer drugs in development, and this development is changing how oncology clinical trials are being conducted. For example, it is not enough to say a patient has lung cancer today, as there are two broad types of lung can......

    Full article >>> nentech (U.S. - 1976)$6,633+44%$1,279+63%3. Genzyme (U.S. - 1981 )$2,735+24%$442+408%4. Serono (Switzerland - 1906 )**$2,586+5%<$105>N/A5. CSL (Australia - 1961)**$2,494+77%$419+149%6.......

    Full article >>> td>+49%22.Enzon Pharmaceuticals (U.S. - 1981)$166<2%><$90>N/A23.Vertex Pharmaceuticals (U.S. - 1989)$161+56%<$203><22%>24.Amylin Pharmaceuticals (U.S. - 1987)$141+315%<$207><32%>25.Berna Biotech (Switzerland - 1898)**
    Full article >>> 006

    Clearly, Amgen and Genentech are spending prodigious R&D sums, comparable to Big Pharma levels, but the next 3 yo 4 companies are not too far behind. This R&D is the life blood of a biotech company.

    All of the above trends noted by MedAd News really only focus on the drug part of biotech. As a result, I would add the following trends: By Michael Rosen 08/01/06

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