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 Products Chapter
Most biotechnology companies are small to medium-sized enterprises that focus on a single product line. Nearly all biotechnology companies seek to develop products, although only a few of these companies operate in the marketplace and sell these products to consumers. Many biotech companies will license out their products to other companies that have a presence in the marketplace. According to Research Australia, earnings from licensing intellectual property accounted for 34% of revenue in 2007 and the sale of products and services accounted for 49% of revenue.
Some medical device companies perform biotechnology R&D in their development processes. Medical devices are equipment or software used for monitoring or treating a disease, injury or physiological process... purchase to read more