Presentation is loading. Please wait.

Presentation is loading. Please wait.

Www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 1 Career Opportunities in the.

Similar presentations


Presentation on theme: "Www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 1 Career Opportunities in the."— Presentation transcript:

1 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 1 Career Opportunities in the Life Sciences Toby Beth Freedman, Ph.D. SEBA, October 12th, 2012 10-11 am Career Opportunities in Biotechnology and Drug Development

2 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 2 Todays Talk Career overview Transitioning from Academia to Industry Job search strategies If there is time, current economy

3 Definitions Pharmaceuticals Chemical synthesis Small molecule drugs Pfizer, BMS, Merck Aspirin, statins, Viagra, antibiotics, taxol, Prozac, antihistamines, anti-inflammatories

4 Definitions Biotechnology Biologics: DNA, RNA, protein, viruses, antibodies, hormones Large molecule drugs Genentech, Amgen, Genzyme, Gilead, Biogen Rituxan, EPO, Enbrel, Gleevec, Herceptin, insulin, HGF

5 Definitions: Biotechnology Also Biotools, Reagents & Services Instruments and tools, enabling technology, services Microscopes, reagents, software, services Affymetrix, Zeiss, Promega, Covance, BCG

6 Definitions Medical Devices Instrument or software for diagnosis or therapeutic purposes J&J, GE, Medtronic, Tyco, Philips, Boston Scientific, Abbott Stents, MRI, surgical equipment, defibrillators, wheelchairs

7 Biofuels

8 Definitions Healthcare Hospitals/HMOs, Insurance companies Kaiser, Sutter Health

9 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 9 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 9 Three Main Career Paths for Students Student Science and Business Manager Fellow or Principal Scientist Track Director or Other CEO Tenure track Scientist or Other Director VP Tenured Professor AcademiaGovernment, Research Institutes, Non- Profits Industry Educator Dean

10 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 10 My Experiment A comprehensive, systematic assessment of careers for life science professionals Not hypothesis driven Career choices for science and medical backgrounds Resource guide for career planningso much information that readers identify a career that suits their skills, interests, goals and personality attributes

11 Goals: Be Sure To Enjoy a Job If you are doing what you love, then its not really work Peter David

12 Goals: Get on the Right Track

13 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 13 Methods 200+ interviews 1 hour telephone informational interviews Mostly VPs, Ph.D.s or MDs 10 interviews per chapter Compiled, analyzed and summarized Took three years Published by Cold Spring Harbor Laboratory Press and is on Amazon

14 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 14 Results: So Many Careers To Choose!

15 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 15 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 15 Product Development Overview Chemical and Biological Development, Operations and Manufacturing, Quality Discovery Research Lead Optimization of Drug Candidates Preclinical Studies Bio/Chemical Process Development IND filing Clinical Trials Scale-Up / Manufacturing NDA or BLA filing FDA review Product Launch! Commercial Operations and Sales Phase IIIB/IV Trials Discovery Research Preclinical Studies Clinical Development and Regulatory Affairs Medical Affairs Commercial Operations: Marketing, Sales, and Technical Support

16 Careers for Engineers: Medical Device and Biotech Tools Companies Discovery Research Recruiting Venture Capital & Banking Management Consulting Bio IT Operations & Manufacturing Business Development Corporate Communications Sales Marketing Medical Affairs Regulatory Affairs Project Management Preclinical Research R&D Services Operations Commercial Operations Quality Product Support Product Development Clinical Development Law

17 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 17 Careers in Research Discovery Research Recruiting Law Venture Capital & Banking Management Consulting Bio IT Quality Operations & Manufacturing Business Development Corporate Communications Product Support Sales Marketing Medical Affairs Regulatory Affairs Clinical Development Project Management Bio/Pharmaceutical Product Development Preclinical Research R&D Services Operations Commercial Operations

18 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 18 Having a business background is an advantage Discovery Research Recruiting Bio IT Quality Operations & Manufacturing Business Development Corporate Communications Product Support Sales Marketing Regulatory Affairs Clinical Development Project Management Bio/Pharmaceutical Product Development Preclinical Research R&D Services Operations Commercial Operations Management Consulting Venture Capital & Banking Medical Affairs Law

19 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 19 Do you want to be a CEO one day? Discovery Research Recruiting Law Venture Capital & Banking Management Consulting Bio IT Quality Business Development Corporate Communications Product Support Sales Marketing Medical Affairs Regulatory Affairs Clinical Development Project Management Bio/Pharmaceutical Product Development Preclinical Research R&D Services Operations Commercial Operations Operations & Manufacturing Operations & Manufacturing

20 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 20 Careers where you can earn the most money Discovery Research Recruiting Law Venture Capital & Banking Management Consulting Bio IT Quality Operations & Manufacturing Business Development Corporate Communications Product Support Sales Marketing Medical Affairs Regulatory Affairs Clinical Development Project Management Bio/Pharmaceutical Product Development Preclinical Research R&D Services Operations Commercial Operations

21 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 21 Hot Jobs Discovery Research Recruiting Law Venture Capital & Banking Management Consulting Quality Business Development Corporate Communications Product Support Regulatory Affairs Clinical Development Project Management Bio/Pharmaceutical Product Development Preclinical Research R&D Services Operations Commercial Operations Operations & Manufacturing Medical Affairs Bio-IT Sales Marketing

22 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 22 Positions for students Portfolio, SRA Project coordinator Marketing Marketing, MR Budget, strategy Sales reps, trainers, managersTech Support, FAS Marcom, AAAS Fellow Analyst Many Analysts/Assoc Kauffman Fellow Liaison Quality systems Analyst Consultant

23 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 23 Positions for PhDs/Postdocs Scientist I Project coordinator MSL, Scientific affairs Market research Medical writer, IT Technical sales rep, FASTech Support, FAS, Trainer Marcom, AAAS Fellow OTT, Portfolio Startups Research Analysts/Assoc Kauffman Fellow Patent agent, advisor, USPTO FDA, Liaison QC chemist Bioinformatics Consultant

24 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 24 So Many Careers To Choose!

25 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 25 Many areas to consider Table 6-1: Biotechnology and Drug Development Overview... Where the Jobs Are Drug Discovery & Development Biotechnology Tools Biotechnology Services Other Pharma/ Biotech Areas Government Institutions Medical DevicesAcademia Pharmaceutical companies Biotechnology therapeutic companies Vaccines Drug delivery Molecular Diagnostics Reagents and Chemical suppliers Instruments (e.g., microscopes) Platform companies (e.g., genomics, proteomics, nanotechnology) Bio-IT Software and hardware Molecular diagnostics Management consulting and accounting firms Law firms Venture capital and investment banking Recruiting firms Contract research organizations (CROs) Contract manufacturers (CMOs) Research and clinical testing: clinical labs, customized antibodies Bio-IT Other agencies and niche providers: PR, advertising, market research, medical communications Consultants Agricultural Industrial biotechnology Molecular diagnostics Veterinary companies Foundations, non- profits, social philanthropy Clean tech/energy Nanotech Journalism Viticulture Food and Drug Administration (FDA) and CBER Centers for Disease Control (CDC) National Institutes of Health (NIH) US Patent and Trademark Office (USPTO) Research institutes and government labs Homeland security & defense CIA, FBI, and NASA Trade commissions Crime labs forensics Medical devices Diagnostic companies eHealth HC Informatics Telemedicine Tech transfer Industry- supported labs and institutes Education Program management Incubators

26 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 26 Careers in Healthcare Healthcare PractitionersNursing Associated Careers and Therapists Technologists and Technicians Rehab Therapists Healthcare Administration Insurance Industry Physicians Chiropractors Dentists Optometrists Podiatrists Veterinarians Licensed nurses Registered nurses Nurse anesthetists Nurse midwives Nurse practitioners Home health aides Surgeon assistants Nurses aides Acupuncturists Audiologists Dental hygienists Dietitians and nutritionists Genetic counselors Pharmacists Psychologists Occupational therapists Opticians Orthotists and prosthetists Physical therapists Recreational therapists Respiratory therapists Pediatric occupational therapists Biomedical engineers Biomedical equipment techs Biomedical photographers Biomedical writers Child life specialists Dietary managers Geriatric social workers Anesthesiologists Blood bank techs Cardiovascular techs Radiology techs Clinical lab techs Cytotechnologists Cardiovascular Nuclear medicine Dental assistants Dental lab techs Diagnostic medical sonographers Diagnostic imaging Dietetic techs Electroencephalograph Emergency techs Paramedics Food techs Histology techs Ophthalmic techs Optometric techs Perfusionists Phlebotomists Pulmonary techs Radiation therapy techs Surgical techs Veterinary assistants Art therapists Certified athletic trainers Dance movement Home health aides Music therapists Occupational therapists Patient reps Physical therapists Psychiatric aides Recreational therapists Rehab counselors Respiratory therapists Social services aides Speech language pathologists Substance abuse counselors Admitting officers Accounting and finance Coordinators of health wellness Environmental health and safety Food service Health education Health information technologists Human resources Librarians Public relations Nursing home directors QA directors Geriatric care managers Medical records Medical billing, claims, patient accounting Medical secretaries Mental health workers Administration Actuaries Agents and brokers Claims adjusters Loss control specialists Medical insurance billing and coding reps Medical claims reviewers Public relations Service reps Sales and marketing Underwriters

27 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 27 Ideal Job SkillsInterests Values/Goals $$$/Market Ideal Job

28 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 28 About the Life Sciences Industry In 1982, Synthetic Insulin, produced by Eli Lilly and Genentech. This was the first ever approved genetically engineered human therapeutic. Image: Wikipedia Commons

29 Drug Development: A Risky Endeavor Discovery Research Lead Optimization of Drug Candidates Preclinical Studies Bio/Chemical Process Development IND filing Clinical Trials Scale-Up / Manufacturing NDA or BLA filing FDA review Product Launch! Commercial Operations and Sales Phase IIIB/IV Trials Discovery ResearchPreclinical StudiesClinical Development and Regulatory Affairs Millions of compounds7 1-21 in 10 About 15 years and > $1B!

30 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 30 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 30 Career Paths in the Life Sciences Photo: Wikipedia Commons

31 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 31 Career Ladder in Discovery Research for Research Associates Student Research Associate SRA

32 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 32 Career Ladder in Discovery Research: Ph.D.s are not technicians Postdoc Scientist I - III Group Leader Fellow or Principal Scientist Track Director VP Research or CSO VP R&D CEO

33 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 33 Career Potential in Discovery Research Consultant CEO Venture Capital Patent Law VP R&D or CSO Project Management Preclinical Research Regulatory or Clinical Affairs Discovery Research Academia Other Areas: Operations, Business Development, Marketing, Sales, Tech Support, Product Development Quality

34 Going from Academia to Industry Image: Wikipedia Commons

35 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 35 What you can do now to make yourself more marketable Human disease rather than basic research Hot therapeutic areas of interest to industry Unmet medical needs Same techniques, drug screens, applied science Patent your work Gain business understanding Gain understanding of clinical development

36 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 36 What you can do now -- continued Collaborate with industry cohorts Informational interviews Industry postdoc Follow biotech news Publish, publish, publish (but dont perish) Presentations and attend conferences and become a perceived expert (get visibility) Consider FAS, MSL, Tech Support, Trainer Attend industry events, network and start early

37 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 37 Land a job on the business side Work at the OTT BD Visit Haas MBA programmanagement consulting firms, career coaching Business classes Join a startup at QB3 Entrepreneurial classesCBE, QB3 series Entrepreneur chapter Talk to profs who consult or founders

38 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 38 What you can do now to land a job on the business side--continued Follow the biotech stock Invest in public companiesdemonstrate financial acumen Show leadershipstart something, run a program, be a President Pubs not needed in business Read WSJ, follow biotech business news

39 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 39 Making the Leap to Industry Industry postdoc MBT programs, KGI, JHU, SJSU Keck Institutes Postdoc Professional Masters Program (PPM) Certificates, classes @ UC Berkeley X and UCSC X Additional degrees: MBA, MPH, JD Volunteer/intern Network

40 Jobs in Industry

41 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 41 Job search strategies Looking for a job can be a full time job Apply to jobs that interest you Apply to jobs that will get you in the door The more you interview, the more likely you will find the most appealing job

42 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 42 Jobs in Industry Difficult job market--large numbers of industry professionals seeking employment Genentech Scientist I requirements

43 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 43 Build Your Network!

44 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 44 Why networking is so effective Someone that you know refers you to a job opportunity The more people you know, the greater your chances of being contacted or finding out about an opportunity Personally-vouched for candidates

45 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 45 Local places to network Local and national conferences Local biopharma societies, trade associations AWIS WIB ACRP AAAS You name it, there is a society

46 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 46 Networking Photo from Wikipedia

47 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 47 The Art of Networking Its a two-way street. Be helpful, ask questions about the other person, ask what can I do for you?

48 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 48 Networking No-Nos Can you get me a job? Are there any job openings in your company? (what can you say instead?) Scanning the audience looking for other people to talk to Ask a question and then walk away Looking desperate I have to get a drinkIll be right back ditch

49 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 49 Using LinkedIn LinkedIn.com: recruiters use it –The greater your LinkedIn network, the more access you have –LinkIn with LIONs and power users –Join LinkedIn groups, alumni organizations –Include key words, therapeutic areas to interest recruiters –Email address or way to be contacted –Keep professional –Jobs are on site and groups MySpace, Facebook: set on private

50 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 50 Networking on the Internet Google therapeutic area conference Contact speakers, authors Search LinkedIn in specific companies that interest you for people that you might know Professors who consult/founders Contact alumni

51 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 51 Shop for a Job on the Internet Job posting sites –www.biospace.com –www.craigslist.org –www.audreysnetwork.com –www.careersbiotech.comwww.careersbiotech.com –www.indeed.com –www.ventureloop.com Professional societies –Therapeutic areas and functional areas, i.e. immunology, neurosciences, oncology, marketing, business development

52 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 52 Let the jobs find you Resume posting sites –www.biospace.com –www.indeed.comwww.indeed.com –www.medzilla.comwww.medzilla.com –www.monster.com –www.execunet.comwww.execunet.com –www.bio2devicegroup.org

53 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 53 Career Fairs BioSpace, www.biospace.comwww.biospace.com Campus Career Fairs Society meetings, i.e. ASCB, AAAS,

54 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 54 Trade Shows at Scientific Conferences BIO, www.bio.org the biggestwww.bio.org InformEx, Chemistry www.informex.comwww.informex.com ASCB, www.ascb.orgwww.ascb.org Interphex, manufacturing, www.interphex.com www.interphex.com Tri-Molecular, www.tri-conference.comwww.tri-conference.com

55 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 55 Career counselors and services On campus, medical schools, business, law programs Alumni school counselors usually free Off campus www.edd.org, www.jvs.org, www.thejobforum.org, NOVA, ProMatch, Peninsula Works, EastBay Works, free interview coaching and resume preparationwww.edd.orgwww.jvs.org www.thejobforum.org

56 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 56 Free Biotechnology News BioSpace –www.biospace.com –Biospace careers insider BayBiotechReview –www.baybiotechreview.com FierceBiotech –www.fiercebiotech.comwww.fiercebiotech.com FierceBioResearch –www.fiercebioresearcher.comwww.fiercebioresearcher.com OnBioVC –www.onbiovc.com The IN VIVO Blog Nature Biotechnology –www.nature.com/nbt/www.nature.com/nbt/ The Scientist –www.the-scientist.com Biotechnology Industry Organization –www.bio.orgwww.bio.org

57 Resumes Image: Wikipedia

58 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 58 Resumes: how to stand out Prepare for the 5 second scan Align skills with the position specs Highlight and show how you fit the position Add key words, therapeutic areas

59 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 59 Tips for submitting your resume to large companies Job requisition number Career objective Apply directly on the companys website Network, network, network!

60 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 60 Working with Recruiters They know about positions that may not be posted on the Internetthe hidden job market They will get your resume in front of the hiring manager

61 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 61 Working with Recruiters Recruiters are paid by the company You are your own best job agent

62 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 62 Interviewing

63 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 63 The Art of Interviewing Youve already pass the technical test corporate match Research the company Dont interview like a postdoc!

64 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 64 Good Interviewing Books Knock em dead 101 Great Answers to the Toughest Interview Questions 301 Smart Answers to Tough Interview Questions

65 The Current Economy

66 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 66 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 66 The current economy: The Times, They are a Changin 2008 was a bad year 2009 was a *terrible* year Its a little better now 3 IPOs in 2009, 13 IPOs in 2010, 10 IPOs in 2011, lackluster receptions Overall biotech sector was down Social media hot, 3.3% unemployment

67 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 67 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 67 Monster Report on Biotech Jobs 2011 Job postings in biotech positive expansion 2011 Hottest area: clinical lab techs and technicians 40% Areas hiring most (volume posting): Texas, NC, Kentucky, Michigan, NJ, RH

68 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 68 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 68 In High Demand Regulatory affairs Sales CLIA-certification Bioreactors QA and QC Rare skills, i.e. ephiz

69 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 69 Where are the jobs? Academia Successful biopharmas Service companies, i.e. CROs and CMOs Biofuels (bioreactors, fermentation, microbiology, plant genetics (agbio)) Small venture-backed companies

70 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 70 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 70 Top 5 lay-offs in 2011 Pfizer – 4,220 Novartis – 2,000 Abbott Labs – 1,900 AstraZeneca – 1,550 Sanofi – 700+ 43,000 layoffs in big pharma in 2010 Source: www.fiercebiotech.com, December 9, 2011www.fiercebiotech.com

71 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 71 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 71 Top 5 lay-offs in 2009 Pfizer/Wyeth – 19,500 Merck/Schering Plough – 16,000 J&J – 8,900 Astra Zeneca – 7,400 GlaxoSmithKline – 6,000 Source: www.fiercebiotech.com, December 9, 2009www.fiercebiotech.com

72 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 72 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 72 Venture capital and capital markets ROI for LS VCs was -1.5% in 2010 Less VCs, less money, smaller investments Difficult for startups to raise money Public markets less interested in LS, IPO window lackluster VCs investing in later stage deals Corporate venture, academia-industry partnerships

73 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 73 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 73 M&As are bad for industry 30 mergers over last 60 years didnt boost productivity More companies = more successful drugs New areas of pharmacology most successful 25% fewer public biotechs in 2010 than 3 years ago Bernard Munos/Forbes 2011

74 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 74 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 74 The FDA… Overburdened with added responsibilities Increasingly focused less on benefits and more on possible risks Average review times increasing Regulatory environment raises serious barriers to innovation CHI Report, 2011 CHI 2011

75 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 75 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 75 Consequences of the FDA… Difficult to raise moneyregulatory risks and uncertainty Dramatic shift in clinical trials US to Europe Rise in number of drugs approved in EU first EU Docs learn new tech first Costs of RA and consultants going up Operations, experts move overseas CHI Report, 2011 CHI 2011

76 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 76 The Scenario at Big Pharma… Dismal internal R&D returns Cost per successful drug has risen (cost of R&D has gone up, shorter periods of economic returns due to generics and patent life span, declining productivity) Regulatory hurdles higher

77 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 77 Big pharma solution: outsource R&D to biotech Externalize small mol discovery research, pre-Phase III compounds, particularly for riskier therapeutic areas (NR, COPD, Cardio) Reduction in R&D research and reallocating resources to in-license deals with biotechs Move from R&D to Search & Development orgs Reduces investment risk Biotechs expected to become pharmas main R&D engine

78 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 78 Reason for biopharma to outsource: develop presence overseas Pursue a market presence China expected to be third largest Rx market by 2013, number two in 2020 Growing markets Australia, S. Korea, India, Vietnam, Japan, Russia Cost of dev is 1/5 to 1/3 rd, labor costs are rapidly rising Serendipity lost

79 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 79 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 79 Outsourcing and impact on jobs Chemistry and manufacturing overseas Small molecule, devices, large mol safer Clinical trials, preclinical, research and IT Virtual companies= growth in services and consultants Still need quality and PM Global leadership

80 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 80 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 80 Not so bad off… Biotech and medical devices better than other industries Big biotech is doing well Big pharma is cash rich, patents expiring, need to fill pipelines

81 VCs are Funding Biotech and Medical Device Companies Source: PricewaterhouseCoopers, Money Tree Report, www.pwcmoneytree.com

82 Northwest Funding Source: PricewaterhouseCoopers, Money Tree Report, www.pwcmoneytree.com

83 History of VC Funding in Biotech Source: PricewaterhouseCoopers, Money Tree Report, www.pwcmoneytree.com

84 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 84 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 84 Hot growth potential sectors: new and emerging areas Healthcare, surgery centers Generics and biosimilars Biofuels and green/clean tech, grey water, energy Personalized medicine/companion Dx Combination therapies HC IT, telemedicine, mobile HC apps, doc-in- the-box

85 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 85 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 85 Trend to transition to electronic data capture in just about every job function Healthcare informatics (i.e. electronic health records) Laboratory automation Bioinformatics (personalized medicine) Data management, bio-IT Regulatory affairs, i.e. electronic filing Discovery research, i.e. eNotebooks Intersection of life and computer sciences training

86 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 86 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 86 The Future of the Life Sciences Remains Promising Significant unmet medical needs remain neurological disorders, cancer, infectious diseases, diabetes, obesity, cardiovascular diseases People are living longer, aging population all over the world Tremendous market opportunity in China, India and other emerging countries Energy

87 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 87 Recommendations for job search during difficult economic times Non-glamorous jobs Temp-to-hire/contract ops Safety in biotech hubs: SF, SD, Boston, Seattle Good time to start a company Start networking early

88 Conclusions Over >100 different careers in academia, industry and government Many different industries in which to work Find the vocation that best suits your interests, skills and goals Do what you love Not money or a fad Be flexible about job search--your first job will not be your last

89 Find your niche

90 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 90 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 90 Recommended Academia Career Books At the Bench and At the Helm, Kathy Barker, CSHLP Advice for New Faculty Members, Robert Boice Making the Right Moves: A Practical Guide to Scientific Management for Postdocs and New Faculty, Burroughs Wellcome Fund, HHMI, www.hhmi.org/labmanagement Lab Dynamics: Management Skills for Scientists, Carl and Suzanne Cohen, CSHLP Managing Scientists, Alice Sapienza

91 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 91 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 91 Recommended Industry Books Science Lessons, Gordon Binder, Former CEO of Amgen Emperor of All Maladies, Siddhartha Mukherjee Put Your Science to Work, Peter Fiske Career Opportunities in Clinical Drug Research, Rebecca Anderson Nontraditional Careers for Chemists, Lisa Balbes Alternative Careers in Science, Cynthia Robbins-Roth

92 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 92 Book Information Careers in Biotechnology and Drug Development Published by Cold Spring Harbor Laboratory Press Books available on Amazon and www.cshlpress.org Paperbacks selling for $35 Hard covers selling for $47 Available in German www.careersbiotech.com

93 Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 93 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 93 Additional Information Free sample chapter on Careers in Project Management, www.careersbiotech.comwww.careersbiotech.com List of job posting sites under career resources at www.careersbiotech.comwww.careersbiotech.com

94 Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 94 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 94 Contact Information Toby Freedman, Ph.D. President, Synapsis Search Recruiting in the life sciences: Biotechnology, Biofuels, Services, Non- Profits www.synapsissearch.com toby@synapsissearch.com

95 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 95 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 95 Acknowledgments Over 200+ industry professionals Special Thanks to: Molly Schmid, Joseph Carlino, Betsy Alberty, Angelie Agarwal, Bill Lindstaedt Even More Special Thanks to: My father, Bill Freedman, who edited the chapters multiple times and Peter Symonds

96 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 96 Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 96 Thank you! Start companies, be successful, and find a cure for cancer!

97 www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 97 So Many Careers To Choose!


Download ppt "Www.careersbiotech.com Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved. 1 Career Opportunities in the."

Similar presentations


Ads by Google