Biotechnology Industry Guide, NAICS Code 541710
Scope of This Guide:
Companies 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 |
Standard & Poor's NetAdvantage
- Industry surveys
- Bond ratings
- Company profiles and corporation records
- Stock, bond and fund research
- See "Industry Surveys", "Biotechnology"
- Industry sector analysis and research
- Industry trends and statistics
- Market research and trends
- Company profiles
- See "Industry Research Centers", "Biotech & Genetics"
- Real-time full-text investment research
- Reports cover companies and industries
- Over 750 contributing firms
- Use the "Industry" tab, near the bottom, to search "Biotechnology"
- Investment Survey profiles 38 companies in Biotechnology industry
ABI/Inform (via ProQuest)
- Indexes over 1000 business periodicals
- Trade journals, business magazines, academic journals and other news sources
- Most articles full text
- Over 700 full-text industry reports
- Over 700 US industry risk rating reports
- Information on over 8000 Publicly Traded Companies
- Hundreds of economic and demographic profiles
For additional database choices, see:
U. S. Data
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 |
World Data
Biotechnology in Food and Agriculture / FAO of the UA OECD
Agricultural Biotechnology / usinfo.state.gov
|
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 |
Resources for Identifying Companies in the Industry
- Proprietary company overviews
- Industry breakdowns and explanations
- Competitor listings
- Financial synopses
Lexis/Nexis Corporate Affiliations
Business Library, Reference: HG4057.A219
- U.S. corporate directory
- Holding company directory
- Information on 11,000 U.S. public companies and 17,000 non-U.S. Public companies
- Detailed, standardized financial statements
- Searchable by company name, industry codes, revenue levels, and other characteristics
- Comparative analysis among companies
- Access to SEC reports
Ward’s Business Directory of U.S. Private and Public Companies
Business Library, Reference: HG4057.A56
- Listings organized by NAICS code
- Ranks public and private companies by revenues/sales
Library Collections: Selected Reference Titles & Call Number Ranges
Selected Reference Titles
For additional materials, contact the Schreyer Business Library.
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 | |||
| Journal of Commercial Biotechnology | Biopharm International | |||
| Journal of Industrial Microbiology & Biotechnology | Biotech Business | |||
| Nature Biotechnology Life Sciences, Periodicals: TP248.3.B55 | Biotech Finance News | |||
| The Scientist / Institute for Scientific Information Life Sciences, Periodicals: Q1 .S8422 | Biotech Equipment Update | |||
| Technology Review Engineering Library: T171.M7 | Biotech Financial Reports |
Trade Associations: Selected Industry Associations Web Sites
The American Association for the Advancement of Science
Agricultural Biotechnology Council
AAmerican 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)
- See also Associations Unlimited for association listings by subject or keyword.
- See also ABI/Inform for articles reporting trade association data.
Career Information: Selected Sources for Employment Information
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)
- Vault provides full-text career and industry guides
- Includes company profiles, occupation descriptions, and career-related articles
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
