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MIMM 387 (17)

april 13 2012.docx

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McGill University
Microbiology and Immun (Sci)
MIMM 387
Robert Murgita

thFriday April 13 2012Comparison of Biotechnology vs Big Pharmaceutical Industries In the USA there are thousands of biotechnology companies with a halflife of around 2 years Failure rates are really high In Canada there really are not that many biotech companies What is the difference between biotech companies and pharmaceutical companiesThe size for biotech companies up to 100 employees the staff is smaller than pharmaceutical 30000 employeesBiotechs are not multinational and selfsufficient they do everything concerning development inhouse not marketing Pharmaceutical companies are completely selfsufficientPharma is multinationalWhen biotech companies start there are 23 people and it is really informal While in pharmaceutical companies there is a formal structureBiotechs are live and die situations o You grab a lead compound and you must make it work to increase value of your tiny company o Pharmaceutical companies have large pipelines and you cannot have loyalty to your science since they can cancel the project at any time for any reason political financial et
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