Saturday, 20 December 2008

Biotechnology Careers Overview

The rapid growth of the biotechnology industry has resulted in numerous attractive biotech jobs opportunities. The industry is responsible for new drugs, diagnostic tests and genetic engineering. Biotechnology is another industrial revolution.

Major biotechnology firms have set up operations in the USA, United Kingdom, Switzerland and Asia. The US biotechnology industry is regulated by the US Food and Drug Administration, the Environmental Protection Agency and the Department of Agriculture.

A large number of biotechnology companies are start-ups and are largely dependant on venture capital to grow the firm. Small biotechs often enter into partnerships with big pharmaceutical firms that support their research programs and help them in the manufacturing and marketing of the final products.

Genentech is one of the oldest biotechnology companies in the world. Other major players in the biotechnology segment are Amgen, Genzyme, Celgene, Amylin Pharmaceuticals, Gilead Sciences, and MedImmune.

Pharmaceutical giants like Pfizer are taking over smaller biotechnology firms in need of capital to further their research. The merger and acquisition activity in the biotechnology segment gains momentum with the rising interest of venture capitalists seeking exit strategies.