presentation1 industry trends panetta

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Lif Si Id t Life Science Industry Trends in the Trends in the New Economy Joe Panetta, President & CEO, BIOCOM Joe Panetta, President & CEO, BIOCOM 4510 Executive Dr., Plaza One San Diego, CA 92121 www.biocom.org

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Presentation by Joe Panetta at Southern California Biotechnology Conference 2012

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Page 1: Presentation1  industry trends panetta

Lif S i I d tLife Science Industry Trends in theTrends in the

New Economy

Joe Panetta, President & CEO, BIOCOMJoe Panetta, President & CEO, BIOCOM4510 Executive Dr., Plaza OneSan Diego, CA 92121

www.biocom.org

Page 2: Presentation1  industry trends panetta

What BIOCOM DoesMission: To position the Southern CA life science community on the global stage as the center of life science innovation and product commercialization.commercialization.

Membership: More than 550 life science companies, research institutes and universities professional services providers andinstitutes and universities, professional services providers, and governmental entities.

P Ad / bli li it l f tiPrograms: Advocacy/public policy, capital formation, education/workforce development, networking, member-to-member services.

www.biocom.org

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Who Our Members AreWho Our Members Are

• 550 member organizations in Southern CA• Pharmaceutical and biotechnology • Medical device and diagnostics• Industrial biotech and biofuels• Research institutes and universities• Professional service providersp

www.biocom.org

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What We Do for Our MembersAd /P bli P li• Advocacy/Public Policy– Washington D.C. – Sacramento

San Diego– San Diego• Capital Formation• Education and Workforce Development

Networking and Conferences• Networking and Conferences• Member-to-Member Services• Group Purchasing

www.biocom.org

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SD Life Science CompaniesSD Life Science Companies

Pfizer Lilly

Novartis

J h & J hJohnson & Johnson

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A Few Major Local IndustryA Few Major Local Industry Contributions to Life Science

• PSA test for prostate cancer - Hybritech• Insect resistant crops - Mycogen• Viracept for HIV/AIDS - Agouron• Rituxin for non-Hodgekins lymphoma - Idec• Nucleic acid tests for blood screening Gen Probe• Nucleic acid tests for blood screening - Gen-Probe• Byetta for blood glucose regulation - Amylin• Sutent for advanced renal cancer - Pfizer La Jolla

www.biocom.org

• Rapid assay test for congestive heart failure - Biosite

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Why Southern California?I t ll t l P t d I ti• Intellectual Property and Innovation

• Academic research• Private Research Institutes• Capital• Depth and Breadth of Talent• Diversity of Companies and Technology• Industry Associations• Convergence Opportunities• Collaboration

www.biocom.org

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So Cal Breadth of Life ScienceSo Cal Breadth of Life Science Opportunities• Academia

• Research Institutions• Pharmaceutical Companies• Biotech Drug Companies• Enabling technology or “toolbox” Companies• CROs and Service Providers• Diagnostics Companies• Medical Device Companies• Industrial and Biofuels Companies• Wireless Health Care

www.biocom.org

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Our Impact on the Local Economy

• 1150 companies in SD and Orange Counties• 150,000 jobs in Southern CA life science industry• Overall net employment increase in 2009 of 5%Overall net employment increase in 2009 of 5%• About $1.5 billion in NIH research funding came to Southern CA last

year.

www.biocom.org

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CA Life Science Industry HighlightsTotal life science companies: 2,042

Total estimated revenue: $74.5 billionTotal estimated employment: 271 000Total estimated employment: 271,000

Overall biomedical average wages: $75,000

Life Science Workforce Needs:• Individuals that possess a mix of science, technology and business skills• Clinical research staff, engineers, medical laboratory scientists, technicians

Workers to fill the workforce gap left by retiring baby boomers• Workers to fill the workforce gap left by retiring baby boomers• Individuals trained in new disciplines such as: Biofuels, Industrial Biotech,

Personalized Medicine, Stem Cells

CHI California Biomedical Industry 2009 Report

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Leading High-Tech EmployerLeading High Tech Employer

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Life Science EmploymentLife Science Employment

CHI California Biomedical Industry 2009 Report

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Robust Wages

Average industry wage of $75,000 outpaced by 80% theAverage industry wage of $75,000 outpaced by 80% the Estimated annual wage of all occupations in the state.

CHI California Biomedical Industry 2009 Report

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Employment Growth

Between 2003 and 2007, the industry added approximately 23,000 jobs and grew at an annual average rate of 1.76%.

CHI California Biomedical Industry 2009 Report

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Everyscientistscientist creates 3-5 supportingsupporting

jobs

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Re-Inventing the Life Science Industryg y• Changing the industry versus changing with the industry• Escaping the myopia of current markets and investor

horizons• Organizational re-structuring and process re-

engineering are insufficient for survivalengineering are insufficient for survival• Creation of unimagined products, services and

businessesI t ti f D R d I– Integration of Dx, Rx and Ix

Source: George Poste/Burrill & Company

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The Evolution of MedicineDrug New competencies in molecular medicine and

biomedical informatics

Real-time information for ti d i i kiMolecular diagnostics

Drug Diseasemanagementprotocols

optimum decision-makingMolecular diagnostics

R 2008

GeneticprofilingPackage insert

protocols,patientinformation

Medicine 2020Rx 2008

Source: George Poste

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Confluence of Tech, Tools & Knowledge

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• Industrial Biotechnology =

The New Industrial Revolution

• INVESTMENT HAS WORKED• JOBS• ECONOMYECONOMY• NATIONAL SECURITY• ENVIRONMENT

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2011 BIOCOM & BayBio2011 BIOCOM & BayBio CA Industrial Biotech Workforce Survey

• California's industrial biotechnology industry increased gy yemployment by 632 percent in the past five years

• 33 Companies RespondedR f $0 t $9 7 billi• Revenues range from $0 to $9.7 billion

• Companies self-report a wide range of Industrial Biotechnology: biofuels chemicals improved feedstockBiotechnology: biofuels, chemicals, improved feedstock, genomics, food/beverage and new technologies

• Hiring Needs: Technicians/Chemists/Cell Biologists all with g gProject Management Knowledge

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CA Industrial Biotech Workforce Survey Cont.•Biofuels/Chemicals are 85% of all respondents founded since 2000

5

3

4

Technology Development

2

3Biofuels, Chemicals

Industrial Chemicals

Ag Biotech

Enymes (including chemicals)

Bi f l

1

Biofuels

Algal Products

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The Biobased Economy TomorrowCirca 2025 Market Jobs

The Biobased Economy Tomorrow

Renewable Chemicals /

>20% U.S. chemicals

237,000 additionalChemicals /

Biobased Products

chemicals sales (USDA )

additional direct jobs in U.S.

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Projected US Biofuels IndustryProjected US Biofuels Industry Jobs/Economic Forecast*

2012 2016 2022Direct Jobs 29,000 94,000 190,000Multiplier Jobs 123,000 383,000 807,000New Plant Investment $3.2B $8.5B $12.2BCum. Facilities Investment - - $95.0B Direct Economic Output $5.5B $17.4B $37.0B

* BioEconomic Research Associates “US Economic Impact of Advanced Biofuels Production: Perspectives to 2030”

www.biocom.org

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The BIOCOM Institute serves as a bridge b l i i i i d lif ibetween learning institutions and life science companies to build education initiatives that

advance science literacyadvance science literacy

Learning I tit ti /

Life Science Institutions/Students

Industry

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BIOCOM Institute/SDSU Secure $4.95 million DOL Biotechnology Readiness ImmersionDOL Biotechnology Readiness, Immersion,

Certification and Degrees for Gainful Employment (BRIDGE) GrantEmployment (BRIDGE) Grant

• BRIDGE Grant– Education, training, and placement services to more than 1,000 veterans

and workers within the San Diego regionand workers within the San Diego region– Only 55 grants awarded out of 700 applications (7.8%)– One of only four biotech proposals awarded

• What it meansS f S f– Solidifies San Diego as a hub of innovation

• What we will do with the BRIDGE Grant– Subsidize internships, industry specific workforce training, and bridge the

gap between academia and industryg p y– Launch the Life Science Immersion Program and expand the

BioCollaborative

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Ed ti & D l i W kEducating & Developing Workers for the Green Economy (EDGE)

Initiative

A Partnership between BIOCOM, CleanTECH San Diego and San Diego Regional EDCg g g

www.biocom.org

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EDGE S i d T i iEDGE Services and Training• Biomass Production CertificateBiomass Production Certificate• Biofuels Science Technician Certificate• Advanced Training in Biofuels Production Certificate Program• Industrial Biotech Immersion Program• BioCollaborative Web Portal – designed to connect job

seekers with industryseekers with industry

Call the Institute to take this program for FREE.

www.biocom.org

p g

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Life Science Immersion ProgramIndustrial Biotech Immersion Program

A combination of web based industry video presentations and case study modules with four functional areas:

• Business Environment• Finance

Product Process and Regulatory Development• Product, Process and Regulatory Development • Business Development & Marketing

Call the Institute to take this program for FREE.

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BioCollaborative

Learning Community Portalg y

Participants access information, engage in forum discussionsengage in forum discussions,

upload and download materials, tools, videos and templates via

an interactive portal

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BIOCOM Career CenterBIOCOM Career Centerwww.BiocomCareerCenter.org

• Specific to the Life Science Industry in Southern California

• Job website with 500+ Positions• BIOCOM members receive free access to the resume

d t bdatabase• Powered by BioSpace

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BIOCOM Institute’s Website

www.BiocomInstitute.org

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Search Life Science Careers• Searchable terms

– Career TitleD– Degree

– Experience– Category (Administration,

R&D, Clinical, Marketing, etc)

• Search by Keywordy y