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Biotechnology IndustryCompanies involved in the biotechnology industry are primarily engaged in the research and development (R & D) of products and processes that depend on the alteration of genetic material in living cells. Applications include development of new pharmaceuticals, food sources, and environmental remediation processes.
The industry depends heavily on genetic engineering - the transfer of fragments of genetic material from cells of donor organisms to a host organism to form new combinations of genetic material. The host organism is then propagated on a large scale for commercial use. Such host organism may be "designed" to generate biological compounds, such as human insulin, or to develop a disease resistant variety of corn. Scientists hope to use biotechnology techniques to develop genetic therapies for treating hereditary diseases.
Companies in this industry spend more on R & D as a percentage of revenues than in any other industry. Routinely, such companies screen an extraordinarily high number of compounds to develop a single commercially successful product. They often utilize patents to protect intellectual property rights. For pharmaceutical products, the companies must secure approval from the U.S. Food and Drug Administration - a lengthy and expensive process.
New biotech companies struggle for funding, using "angel" investors and venture capitalists to break into business. Those with a promising line of research often partner with large pharmaceutical or biotech firms for help with capital, patenting and FDA approvals. In turn, the smaller firms provide specialized R & D facilities and professional expertise.
Biotech companies also cope with specific external and ethical issues. Some people fear that a newly created organism may cause unexpected damages if released into the environment. Many countries currently ban genetically altered agricultural products. Political and legal barriers have limited stem cell research and human cloning. Political efforts to control health care costs may limit health care reimbursements for new, expensive drug therapies.
| Code | NAICS Sector ( WHAT is NAICS? ) |
| 32541 | Pharmaceutical and Medicine Manufacturing |
| 541710 | Research and Development in the Physical, Engineering, and Life Sciences |
Databases for Industry Research
Standard & Poor's NetAdvantage
ABI/Inform (via ProQuest)
For additional database choices, see:
Industry Data
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United States Department of Agriculture (USDA)
2002 Economic Census Industry Series Reports: Manufacturing / U.S.Census Bureau
Global Biotechnology Center / Ernst & Young
Biotechnology Page / U.S. FDA |
Biotechnology Information Directory Section / Cato Research Genetic Engineering & Biotechnology News Signals - The online magazine of biotechnology industry analysis About Biotech / Access Excellence-the national health museum National Center for Biotechnology Information (NCBI) Recap's Biotech Alliance Database
Biotechnology Law and Patents: Biotechnology & Genetics Law / MegaLaw.com |
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Biotechnology in Food and Agriculture / FAO of the UA OECD
Agricultural Biotechnology / usinfo.state.gov
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Biotechnology and Genetic Resource Policies 2003 / World Bank Biotechnology / Office of the United States Trade Representative European Bioinformatics Institute European Federation of Biotechnology BioRegulations / Government of Canada |
Charles River Laboratories International Inc.
Lexis/Nexis Corporate Affiliations
Business Library, Reference: HG4057.A219
Ward’s Business Directory of U.S. Private and Public Companies
Business Library, Reference: HG4057.A56
Library Collections
Biotechnology
Electronic resource
Encyclopedia of Science,Technology and Ethics
Business Library, Reference: Q175.35.E53 2005
The Politics of Biotechnology in North America and Europe : Policy Networks, Institutions, and Internationalization
3rd Floor Paterno: TP248.185.P65 2007
The International Politics of Genetically Modified Food: Diplomacy, Trade and Law
3rd Floor Paterno: TP248.65.F66I595 2007
Regulating Agricultural Biotechnology: Economics and Policy
4th Floor Paterno: S494.5.B563R44 2006
Biotechnology Unzipped: Promises and Realities
3rd Floor Paterno: TP248.15.G72 2006
Plant Biotechnology: Current and Future Applications of Genetically Modified Crops
4th Floor Paterno: SB106.B56P582 2006
Medical Biotechnology: Achievements, Prospects and Perceptions
3rd Floor Paterno: TP248.2.S273 2005
Agricultural Biodiversity and Biotechnology in Economic Development
4th Floor Paterno: S494.5.A43A43 2005
The Global Genome: Biotechnology, Politics, and Culture
3rd Floor Paterno: HD9999.B442T453 2005
Biotechnology: Between Commerce and Civil Society
3rd Floor Paterno: TP248.23.B5625 2004
Food Biotechnology: Current Issues and Perspectives
3rd Floor Paterno: TP248.65.F66F67 2003
Journals
| Biotechnology Advances |  |
Journal of Commercial Biotechnology | |
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| Journal of Commercial Biotechnology | |
Biopharm International | |
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| Journal of Industrial Microbiology & Biotechnology | |
Biotech Business | |
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| Nature Biotechnology Life Sciences, Periodicals: TP248.3.B55 |
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Biotech Finance News |
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| The Scientist / Institute for Scientific Information Life Sciences, Periodicals: Q1 .S8422 |
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Biotech Equipment Update | ||
| Technology Review Engineering Library: T171.M7 |
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Biotech Financial Reports |
The American Association for the Advancement of Science
Agricultural Biotechnology Council
American Society of Agriculture and Biological Engineers
Biotechnology and Biological Sciences Research Council (BBSRC) UK
National Agricultural Biotechnology Council
Pharmaceutical Research and Manufacturers of America (PhRMA)
Society for Industrial Microbiology
Biotechnology / Career Voyages
Career Center / Access Excellence
A collection of career guides and interviews in health and bioscience-related fields
Vault Online Career Library (Currently, Vault Guides are facing problems opening in Adobe Reader 8.x. Please see here for using FREE Adobe Digital Editions to access these guides)
Career Guide to Industries (Bureau of Labor Statistics)
Business Library, Reference: HF5382.5.U5 C3162
Occupational Outlook Handbook (Bureau of Labor Statistics)
CAT record for print copies
Business Library, Reference: HD8051.A623
Economics Department | School of Hospitality Management | Department of Recreation, Park & Tourism Management | The Smeal College of Business | Text-only Version
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U.Ed.LIB 04-67