Abstract
The 20th Century, a century of accomplishment in the life sciences, has ended with a deluge of discovery and established a footing for innovation that will bridge well into the next millennium. The impact of biotechnology has been particularly profound. An entire industry of companies and a generation of innovative drugs have reached the market more quickly than the average bench-to-market time frame—roughly 14.9 years, and at a cost of $500 million (PhRMA 1998, 20, 24–25). Today, there are approximately 1,300 US biotechnology companies, and 93 biotech drugs have reached the market, 58 of those since 1995 (PhRMA, New Drugs Jan. 1999; Med Ad News, “Bursting with Innovation” Dec. 1998, 44–45 ; see also BIO 1998). While only 10 percent of pharmaceutical product launches were attributable to the biotechnology industry in 1996 and 1997, that number reached 25 percent of launches in 1998 (Dorey 1999, 128; Med Ad News, “New Drugs”. Feb. 1999, 11 (descriptive identification) of all new drug products approved in 1998). The biotech family of drugs includes breakthrough products such as Avonex for multiple sclerosis (Biogen, Inc.), Ceredase/Cerezyme for Gaucher’s disease (Genzyme Corp.), Herceptin for metastasized breast cancer (Genentech, Inc.), and Pulmozyme for cystic fibrosis (Genentech, Inc.). Moreover,Herceptin, approved by the Food and Drug Administration on Sept. 25, 1998, marks a new era of applied pharmacogenomic therapeutics—drugs that intercede in disease pathways at the molecular level to impact cellular funcation and disease eapression with extreme precision, and that can be matched to patients genetically predisposed to respond (Carey 1999, 98–100; Hoyle 1998, 887; Med Ad News, “Biological Warfare” Dec. 1998, 3 & 44–47; Editorial, “Pharmacogenomics” 885)
“Public demand for these biotechnology products has created a worldwide industry that has spread across all developed nations with advanced medical science programs. Researchers on all continents are part of this dynamic enterprise because the scientific and fiscal rewards for cutting-edge technology are substantial.
And the world is awaiting new developments. Chronic conditions like AIDS, cancer, hypertension, arthritis, Alzheimer’s disease, and asthma are at the heart of biotechnology research. In the U.S. alone, there will be around 50 million baby boomers entering the elderly age phase by 2010. Increased life percentage of retirees, relative to workers, will demand an unparalleled transformation in health care and its delivery.”
Foley, Hoag & Elliot
(Source: Pellerito 1999)
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Malinowsk, M.J., Littlefield, N. (1999). Transformation of a Research Platform into Commercial Products. In: Caulfield, T.A., Williams-Jones, B. (eds) The Commercialization of Genetic Research. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4713-6_3
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