biotechnology feeds, heals, and fuels the world
DESCRIPTION
Biotechnology helps to solve some of the worlds most challenging problemsTRANSCRIPT
Biotech: Progress in Pursuit of Saving Lives
March 30, 2007Chandler, AZ
Jim GreenwoodBIO President & CEO
www.bio.org
Health & Medical
Industrial & Environmental
Food & Agriculture
Ending Hunger
Reducing Pollution
Fighting Disease
Food & Agriculture: Feeding the World5 million children under 5 die each year of
hunger-related causes
850 million people go hungry today
World population of 10 billion by 2030
Food & Agriculture: Feeding the World
• Golden rice (Vitamin A)• 10 million farmers grow biotech crops
Industrial Biotech: Reducing Pollution
Cellulosic EthanolRenewable EnergyLess CO2 from fossil fuels
More U.S. energy independence
Industrial Biotech: Reducing Pollution
Cellulosic Ethanol
Bioplastics & MaterialsCleaner Industrial Processes
Health & Medical: Fighting Disease
Cancer Autoimmune DisordersHIV/AIDS Heart DiseaseAlzheimer’s Multiple SclerosisDiabetes Influenza
200+ Therapies & Vaccines400+ Products in Clinical Trials
Slaying the Cost Dragon
Diabetes: $132BCancer: $210BCardiovascular disease: $403B
Hospital Care: $571BDoctor & Clinical: $400BPrescription Drugs: $188B
Personalized Medicine• Predictive• Personalized• Pre-emptive• Screening &
diagnostics• Prophylactic
treatment
Biotechnology Industry
• 40,000 bioscience businesses• 1.2 million direct jobs• 5.8 million additional jobs• $66,775 average annual wage• $26,000 above private sector average
Business Model
• Investor backed startups• Long development time• Regulatory approval• Funding future R&D
US Business Environment Conducive To Biotechnology
• Capital markets• Legal & regulatory• Patent protection• Education• Facilities
Arizona Biotechnology
• Capital markets• Legal & regulatory• Patent protection• Education• Facilities