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The flattening world and its impact on U.S. biotech

Madison, Wis. - In Thomas Friedman's 2005 New York Times' article "It's a Flat World, After All" (Friedman is author of the book "The World is Flat: A Brief History of the Twenty-First Century"), he contrasts a personal trip in 2004 to India to Columbus's 1492 trip to the New Worl......

Full article >>> hich brought the Internet alive by providing us with the browser to display Website images and data stored on these websites. Secondly, this IPO also triggered the dot-com boom (and then bubble). The further significance of this is that billions of dollars were invested in fiber-optic cable (particularly a global undersea-underground network), which drove down the cost of transmitting voice......

Full article >>> ed data by themselves.

The last "flattener" was yet another enabler.

The Steroids: They include wireless access and voice over Internet protocol (VOIP). According to Friedman, the steroids turbocharge all of the above types of collaboration so that people can do any of them, from anywhere, with any device.

Another theme that Friedman harps on is what he calls key ......

Full article >>> mericans?

The international harmonization of regulatory activities (and agencies) for drugs and devices, and the acceptance and implementation of these by foreign countries, is leading toward a global registration dossier that would allow registration in many countries at the same time.

The saturation of the U.S. patient population for clinical trials is driving the performance......

Full article >>> , also represent growing biotech clusters, and there are several growing biotech clusters in the Indian cities of Bangalore, Hyderabad, New Delhi, Chennai, and Mumbai.

The U.S. currently retains its lead in this vital industry due to several factors, including a high level of R&D, the fact that the FDA is the prevailing world authority for drug and device approval and registration, and t......

Full article >>> e countries.

So even the world of biotech, still heavily dominated by the U.S., is rapidly flattening. What this means to your average biotech company is that it needs to think in terms of global development and commercialization from the start, which shouldn't be difficult because most biotech company employees represent a mini-United Nations

Biotech companies need to use this d......

Full article >>>
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Source:wistechnology.com By Michael Rosen 08/30/06


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