Industry Analysis & Industry Trends
As genetically modified products continue pushing ethical boundaries, attitudes may begin to soften with the increasing acceptance of the process among agricultural and other sectors. Biotechnology is becoming an increasingly important part of product development in a wide variety of industries.
Biotechnology companies are often spin-offs from research started in higher education, public and not-for-profit research organisations. While a large amount of biotech research and development is funded by receipts from capital raisings and from interest income earned on cash balances, research in the industry is largely funded by government and non-profit organisations. Nonetheless, the private sector is increasing its contribution... purchase to read more
Industry Report - Industry Analysis Chapter
Despite the global financial crisis, biotechnology has managed to remain afloat somewhat easily, attracting investment due to its potential as a high-growth industry. Nonetheless, the industry did slow down. Initially, this was due to increased consolidation as parts of the industry matured, changes to the structure of government assistance (in particular the abolition of the Commercial Ready program) and difficulties in raising capital. However, the slowdown continued through 2009-10 due to the effects of the global financial crisis, which rattled investment in the industry. Investment and subsequently industry revenue have been slowly recovering since 2009-10. In 2012-13, revenue is expected to grow by 4.3% to $6.37 billion... purchase to read more