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Biotech industry reaches midpoint in 50-year maturation cycle

If we assume that the biotech industry started in the late 1970s with the first IPOs taking place in 1980 (Amgen and Cetus), then biotech is already an industry more than 25 years old.

An interesting article in Genetic Engineering News (GEN) on March 1 states unequivocally that most industry cycles run about 50 years until they mature. If this ......

Full article >>> s a company developing these products. It was acquired by Eli Lilly in 1986 for more than $400 million.

The success of the founders spawned all kinds of new companies in San Diego. However, it took another 20 years before monoclonal antibodies took off as a technology.
  • Second Decade (late 1980s to late 1990s): A few new discoveries became products using the above methodologies. ......

    Full article >>> icine and life science research but in agriculture, general industry and retail commerce as well.

    During this period, the average life span of humans could reach 125 years. This would mean that tomorrow?s 70-year-old adult will be today?s equivalent of a 35-year-old today.

    So is this science fiction, future shock or the coming reality? A look at the pharmaceutical industry a......

    Full article >>> ed when the program was originally designed.

    In another 10 years, the average age of death in the U.S. may well jump to 95 years or more. This means that social security will be paying out monies to retirees for a period approximating the overall time of work life (30 years) unless the social security retirement age is pushed back further.

    Big Pharma has come mainstream into our ......

    Full article >>> om plastics to herbicides and pesticides to various polymers and fibers.

    Now that they are fully mature industries, what will happen to the pharmaceutical and chemical industries?

    The consolidation of the chemical industry has happened at a much quicker pace than the pharmaceutical industry as many once-innovative products have become commodities. In the pharmaceutical industry, ......

    Full article >>>
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  • Source:wistechnology.com By Michael Rosen 04/25/05


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