There has been an extraordinary impact on science, healthcare, law and the business of biotechnology for over more than three decades.  More than 260 novel biotech products for over 230 indications were approved during this time. Including more than 4,600 biotech companies globally, global sales of these products exceeded $175 billion in 2013 and thus have helped in the sustaining of a vibrant life sciences sector.

However, it has been assumed that the future impact of biotechnology is expected to be promising as long as both the public and private sectors continue to foster policies and provide funds that lead to breakthroughs.

We all have noticed that for more than thirty years, the biotech industry has made a tremendous and extraordinary advance in both business and therapeutics. Twenty innovative technologies have made the invention of new products, the approval of more than 260 novel human therapeutics which cover over 230 indications and the creation of more than four thousand six hundred biotech companies globally including global sales of more than $175billion in 2013, all these things are included in the development.

Business Development

The need for extensive funding along with the high-risk business model which combined highly innovative and novel science with long R&D cycles made the business environment of biotechnology characterized by variation in operations and culture from the pharmaceutical industry. Biotech business culture tended to be wider, science-focused and challenging as compared to huge pharmaceutical companies at the time. A more action-oriented and entrepreneurial environment was fostered by team-oriented decision-making and communications.

Making a very important discovery, biotechnology company formation in the 1980s often emerged as a result of a university scientist’s making such as identifying important disease photosynthesis’s involved molecular target or pathway or via new technologies for disease treatment discovering a new novel molecule.

Patient care

During the early 1980s, products were developed for patient care by focusing primarily on endocrine and blood disorders. Addressed twelve clinical indications, and five companies developed sixteen products.  Insulin was the first biotechnology product in 1982 which used recombinant human protein to receive FDA approval.

Government Activity

The regulatory environment focused on boosting drug reviews and their approvals during the 1990s. The germane laws and regulations were enacted in the 1990s. Accordance to ‘The Prescription Drug User Fee Act (PDUFA) of 1992’ there is a requirement for companies to pay user fees for the FDA to review new drug applications and biologics license applications. The agencies are expected to complete these reviews within a certain period of time in exchange, the time mentioned is six months for priority drugs (those treating a serious condition and providing significant improvement in safety or effectiveness) and twelve months for standard drugs. The time required for FDA approval has been substantially reduced by the PDUFA, and according to both the regulated industry and FDA, it has been considered a success.

The future of biotechnology

The genetics of the individual patient will indicate the likely response of the disease to the biological treatment and therefore it is a key initiative that will be continued in the development of personalized medicine or pharmacogenomics in the future. Avoiding those treatments that might result in serious adverse events, will allow prescribers to tailor individual treatment regimens to include medicine that has a high likelihood of offering a positive therapeutic outcome.

During the past thirty years, biotechnology has had an extraordinary and more and more impact on healthcare. Thus, it is also expected to continue into the foreseeable future, the growth of understanding of the pathophysiology of many newly erupted untreatable diseases which are growing faster, governments worldwide throughout the globe continue to advance initiatives that behold and support biotech innovations, and business practices evolve to manage the costly, a little time consuming and risky process of product development of the biotechnology industry. Leading to breakthroughs in patient care, the result will be a continuing stream of novel medicines.

The post Medical Biotechnology and its impact appeared first on The CEO Views.

Here Is a list of the pros and cons of a career in the biotechnology industry to help you in your search:

 There are several positive and rewarding aspects of the industry to note if you are looking for a job or career change.

Making a Difference

 No matter which sector of the biotech industry you’ll be working in, all the work you’re doing is geared towards helping people live happier and healthier lives. Jeanne Nicholson, an executive at CBG Benefits and the founder of HR Biotech Connect, said it best when she told Business Insider that employees in this field are mission-driven. She said, “They’re not manufacturing nuts and bolts.

They’re looking to cure incurable diseases.” Not many kinds of work have such meaning attached to the labour, so your satisfaction with a career in biotech is bound to be high if that mission is meaningful to you.

Optimal Pay

Many biotech companies offer high wages along with good benefits, so the pay is not likely something you’ll have to worry about if you choose to work in this field. Jared Auclair, director of the biotechnology and bioinformatics programs at North-eastern, states that the typical starting salary for one of their students with a master’s degree is [between] $75,000 and $85,000 per year, and he believes it will only increase in the coming years. The starting salaries for different professions such as biomedical engineer, biochemist, biophysicists, biotechnology research scientists, microbiologists, and many others all start at a minimum of about $75,000 a year. Depending on which route you choose, the starting pay may be higher.

Opportunities to Advance

The biotech industry is filled to the brim with numerous opportunities you can take advantage of to advance your career to new heights. There’s rarely going to be a standstill in your role since the nature of the industry link to changes in public health and safety. The growing market indicates that more career opportunities will be available, in spite of everything whether you’re looking at large multi-millionaire corporations or entrepreneurial start-ups. Suppose you’re fairly interested in kickstarting your biotech career. In that case, it’ll be beneficial to pay attention to how the industry is currently in need of innovative leaders with the skillsets of cross-functional expertise, scientist, business strategist, and public policy advocate.

The more distinguishable skills, advanced scientific knowledge and intellectual elasticity you have, the better. With the right drive and planning, you will be able to pursue a global career in the biotech industry and save lives along the way.

Cons of Working in the Biotech Industry

For a well-rounded view of what you’re getting into, the negatives should also be taken into account. No career path is perfect, and working in the biotech industry comes with its challenges and downsides, like any other.

Strict Deadlines

 Although it may ultimately depend on which sector of the industry you find yourself in, many jobs in the biotech industry are deadline-based. The phrase “time is money” goes into full drive here, since companies need to develop medicines and drugs in a set time frame. The work environment can, therefore, become quite stressful, and it requires someone who can be organized and efficient in the workspace without getting too shaken.

Less Autonomy

 If you’re prone to do things your way with plenty of freedom, you might struggle to assimilate into the biotech industry. There is usually a strong teamwork culture when working in biotech, and there are many rules and regulations to follow.

Extensive Travel

There may be many times when your biotech job will require you to travel long distances. This means taking time off may become more difficult, and your personal life may become strained. It is always a good idea to research beforehand whether the position you wish to apply to will have such requirements or not if it is a problem for you.

Final Takeaway

 If you’re considering a career in the biotech industry, it’s important to have a comprehensive and accurate view of the field. Like any field, there are upsides and downsides, and knowing them beforehand can help you make the most informed decision possible.

The post The Pros and Cons of Working in the Biotech Industry appeared first on The CEO Views.

The helpfulness of microorganisms has proved to be a boon in the agricultural, pharmaceutical and food processing industries. With time, the necessity for highly qualified and significantly skilled biotechnology researchers has increased as the global economy is reaching new heights. It has not only helped to modify the agricultural crops for increasing their nutritional stance but has also increased their yields. So even for the farmers, the field of biotechnology has proved to be a boon. In order to decrease the utilization of insecticides, the use of genetically modified insecticidal plants has shown significant essential effects. With the decrease in the use of insecticides, their harmful effects on the crops will also decrease. Biotechnology holds an eloquent value in the treatment of numerous diseases. The techniques of biotechnology are involved from growing the antibiotic-producing microbes in fermentation broth to finally obtaining a pure antibiotic product in pharmaceutical industries. Furthermore, with the use of modern biotechnology, there can be an enhancement in the advanced treatment methods for numerous diseases. Biotechnology plays an important role in the healthcare system. Biotechnology is used significantly in the production of various medicines and vaccines for the treatment of different diseases. This field is also involved in various other medical processes which have significant roles in the healthcare system. Some of the most important sectors of biotechnology in the field of healthcare are described below: Biopharmaceutical A field in which biotechnology is used for the making of drugs for medical purposes.

The formulation and composition of these drugs are usually done with the life forms that are taken from the different microorganisms. Since the efficiency and serviceability of these drugs are much more compared to the existing ones, thereby these drugs have replaced the existing drugs. Also, in biopharmaceutical drugs, no synthetic products or chemicals are used. Only microorganisms are used for making these drugs. They work in such a way that they specifically target the unexplored mechanism of a disease and enhance the immune system of the body with no side effects. Now, scientists are workings on the cure for cancer, hepatitis and other diseases like heart-related problems with the help of biopharmaceutical products. Pharmaco-Genomics A field that is the combination of two different fields, i.e., genomics and pharmaceuticals. This field helps in studying the genetic information of an individual which further helps in understanding the response of the body to the given drugs.

The main aim of this field is the generation of such drugs which are specific for an individual in accordance with his/her genetic make-up. With this process, the chances of curing any disease increase thereby decreasing the processing time of the drugs which is of significant help for humans. Gene Therapy A technique of biotechnology that is utilized for the diagnosis of diseases such as Parkinson’s, Cancer, etc. The instrument utilized in this field helps in replacing or curing the infected of unhealthy genes of the individuals. Genetic Testing/Screening A process of biotechnology that is employed and used for finding out the hereditary diseases of an individual, i.e., a disease in which an individual attains the genes of their ancestors or parents. In addition, this process is also used significantly in legal proceedings such as finding out the parents of an individual or testifying to a criminal, etc. With all the above points, one can surely say that Biotechnology has a bright future and these highly qualified medical biotechnologists will be needed to secure the healthy future of mankind as well as nature.

The post Advantages of Biotechnology in Healthcare Biotechnology appeared first on The CEO Views.

Hundreds of medical diagnostic tests that keep the blood supply safe from the AIDS virus and also detection of other conditions early enough to be treated successfully depends upon biotechnology, not only that, biotechnology is considered to be one of the most research-intensive industries globally that spend $20.4 billion on research and development in 2005.

The improvements in the sector of health care that we witness for us and for our families are just a tiny sample of the advantage and benefits biotechnology has brought and it will continue doing it in the future too. The FDA’s approval includes medications for dangerous disease as cancer, psoriasis, lupus, stroke, HIV, diabetes, hepatitis other rare genetic diseases and new products in advanced testing.

Including the health of the family pet, biotechnology is helping to keep all members of the family healthy. Better treatments of diseases including anti-inflammatory drugs to treat arthritis or musculoskeletal pain in animals are provided by new veterinary biopharmaceuticals, there are other products too, which removes internal parasites of animal, during the administration of anaesthesia antibiotics are used to treat bacterial infections and sedatives are used to calm the animals.

Improving Everyday Life

The biggest impact of biotechnology can be noticed in places that are never noticed sometimes. From the intake of coffee to vitamin C and vitamin B2, the use of biotech in these daily used products by us often goes unnoticed. The bread, the corn flakes, beer or in making flavours like vanilla, everything has a touch of biotech in its making and manufacturing. From soybeans, corn and cotton seeds to more than 70 per cent of the processed foods purchased in the supermarket, there is a contain ingredients that improves through biotechnology. Improving farmers’ quality of life also saves their time.

Safe and healthier food

As we can see obesity rates climbing to epidemic levels, in the creation of a new gene for healthier oils from soybeans canola and sunflower, biotechnology is giving its best contribution. These oils can help in the prevention of raised cholesterol and also contribute to diseases related to the heart. There are certain biotechnological products that improve nutritional content, through a product called golden rice, which has a good amount of vitamin A and provides vitamin A to millions of people in developing countries who suffer the deficiency of this vitamin which is important for eyesight and also helps in the prevention of anaemia, this is just one example take from various biotechnological processed food products.

The biotech also has been seen removing the allergen from the food in some cases, it has been found that an estimated 5.4- 7millions Americans are allergic to some foods like peanuts, shellfish, milk, and eggs. This allergic food for children leads to anaphylactic shock, and about 125 death each year has been seen caused by it in the United States. Therefore, biotechnology scientist is trying their best possible way of isolation the specific proteins that trigger this allergic reaction and modify the food so that it can be taken by the people who are allergic to it without having the health risk.

Biotechnology will definitely bring you better health and treatments for disease tomorrow, by using agriculture A+ manufacturing products that are ultimately sustainable. Scientists are developing plants that produce medicines right now.  They are the green drug factories, which will produce all types of medical products for us and our family’s needs.

For life-saving biotech drugs, today researchers are working with plants such as rice and tobacco to produce proteins. Over the past 50 years, these advantages and benefits are just a small sampling of examples of the immense improvements that biotechnology has brought. The work of imagining even more solutions is still going on globally by the scientists around, for the difficult world in which we all reside.

The post Solutions of biotechnology for everyday life appeared first on The CEO Views.