TOYS $$$ Education

• Write down ONE thing from each slide.

• Title your paper “Toys $$$ Education”

• Place your name, pd, date, etc on paper

Opportunities

in

BIOTECHNOLOGY

Biotechnology Facts

• Biotech includes medicines such as: Asprin, Tylonol, cancer drugs, etc.

• More than 250 million people have received biotech drug products and vaccines in the US. (305 million people live in the US)

• Biotech crop acreage estimated at 125 million acres

Biotechnology Facts

• 1200 biotechnology companies in the U.S.

• U.S. biotechnology industry employs 150,000 people

• $10.7 billion spent on R&D in 2000

• Revenues of $35 billion

0

5

10

15

20

25

30

1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

$

Source: Ernst & Young

Exhibit 9: Biotech Revenues Increase(public and private)

Ind

us

try

Re

ve

nu

es

($

in

Bil

lio

ns

)

Year

Diagnostics/Radiopharmaceuticals/Contrast Agents 4%

Ophthalmic/Ophthalmologic/Eye 4%

Vaccines/Adjuvants 4%

Gynecological & Genito-Urinary 3%

Other 15%

Cancer 28%

Sources: NDA Pipeline, Ernst & Young

Exhibit 11: The Biotech Pipeline: Phase III Trials

Respiratory/Pulmonary 5%

Metabolic 5%

Blood & Coagulation 6%

Cardiovascular 6%

Infectious & Viral Diseases 9%

Nervous System 11%

Source: Ernst & Young

Years

0 16842 6 10 12 14

Post-Marketing Testing

FDA Review & Approval

Phase III (1,000-5,000 patients volunteers used to monitor reactions to long-term drug use)

Phase II (100-300 healthy volunteers used to check for efficacy and side effects)

Phase I (20-30 healthy volunteers used to check for safety and dosage)

Preclinical Testing(Lab and animal testing)

Discovery(2-10 years)

Overview of the Drug Discovery Process

Source: Ernst & Young

5,000 to 10,000 compounds screened

250 lead candidates in preclinical testing

5 drug candidates enter clinical testing: 80% pass Phase 1

30% pass Phase 2

80% pass Phase 3

One drug approved by the FDA

Overview of the Drug Screening and Selection Process

What Does Industry Look For in an employee?

• Ethical

• Energetic

• Creative

• Good training in fundamentals of scientific inquiry

• Relevant background in specific discipline or field

• Good "people skills"– communication– team orientation

• Scientific Method/Experimental Design A

• Technical Competence A

• Communication:

Scientific hypotheses/data/results A-C

As member of interdisciplinary team C-

Project/team leadership & mgmt. D

Academic Training:An Industrial Report Card

What Kinds of Teams Do You Find in a Biotech Company?

• Project Teams (Research)• Product Development Teams• Money Raising Teams• Business Development Teams• Marketing and Sales Teams

Characteristics of Great Teams

• Great teams have to work together

• Members have a common vision

Characteristics of Great Teams

• Studies have shown that optimists - even when their optimism isn’t warranted - accomplish more than people who are pessimists.

Characteristics of Great Teams

• On great teams, the right person has the right job. It’s absolutely essential to find the right niche for each person or to let them find their own perfect niche.

• Great teams are not micro-managed.

Characteristics of Great Teams

Characteristics of Great Teams

• Share information effectively.

Income

• What is the average pay for a person that doesn’t finish HS?

• Only finishes HS?

• Finishes 2 more years of school?

• Finishes 4 years of school after HS?

No High School

• Own boss Millions to bankruptcy

• $40,000 - $80,000 - $1,000,000+

• ??????????

• Fast food $5,000 - $15,000• Work for Family ?

• Do they want you to work for them ???

High School degree

• Non specialized + doing what others tell you to do everyday $20,000 - $40,000

• ???

What about that job at the mills my parents got right out of high school?

• The mills are highering fewer people. All new highers have education beyond high school.

• You need a college degree. LCC has a 2 year program that’ll get you a job.

After High School

• What are your options after HS?– Bum, fast food worker, live with parents– Community College, LCC– Trade school, Perry tech– Military, training and $$$– Americorps, Jobcorps– 4 year College, UW

Americorps, Jobcorps

• Americorps: You are volunteering for 1 year and get paid a small amount of $. You get training and experience for your resume.

• .

• Jobcorps: You get trained for a future job. Everything is paid for if you are doing what you’re told. No extra pay but you get experience and training for a future job.

Trade / AA degree, 2 yrs

• Factory laborer $20,000 - $65,000

• Mechanic, Electrician, Plumber

• Nurse, Message therapist, Secretary

• $20,000 - $80,000

• Store Manager $30,000 - $80,000

• ???

Military

• They pay for your training and give you a paycheck $30-50,000/yr.

• You do what they want you to do.

• You may be deployed to a war zone.

• You serve your country for 4 years.

• You have specialty training and can probably get a job when you’re done.

College, 4yrs

• Specialized in a field

• Education $35,000 - $65,000

• Environmental $25,000 - $95,000

• Business $30,000 - $100,000

• ???

Masters / PhD, 2 yrs each

• Doctor $100,000 - $300,000

• Lawyer $60,000 - $400,000

• Director of business$80,000 - $160,000

• VP of a business $120,000 - $500,000

• CEO / Boss $280,000 - $800,000+

What do you want?

• Want Need for Income• Apartment $1500/mo $25,000

– (what education do you need to afford an apartment?)– (If you have a roommate and share $, what education do you need?)

• House small 3 bedroom $45,000» ($220,000)

• House medium 3 bdrm $65,000» ($270,000)

• House w/land, 10 acres ($350,000 +) $75,000• Large house $100,000+

» ($400,000+)

Toys

• Want Extra Income needed• Nice car $5,000 extra/year

» New car ($25,000)

• Boat $5,000 extra/year• Wave runner, motor bike, 4 wheeler $3,000 extra/each

» ($3,000 each + supplies)

• Vacations $1,500/person in family» ($1,500 min to Hawaii, Vegas, Disneyland)

• Get Married $5,000-20,000 more• New clothes, eat out, etc $???,???

Retirement??????????

• Do you plan on working your entire life?

• Are you saving money so you can retire when you are 65 years old? Add $5,000+/yr

• What if your car breaks down? $1,000

• What if you get sick? $1,000-$10,000

Education level

• 1. Add up what you want in the future in regards to the income you’ll need to have.

• 2. What education level will you need and how many years till you’ll probably get there?

• Answer ____________________