BioTrove - Competitors

BioTrove Competition

Now Viewing BioTrove's competition in: Biotechnology Sector

Recent Developments

FDA Seeks Security for Drug Supply Chain - The FDA is tightening security of the US pharmaceutical and prescription drug supply chain, over which the 50 states individually have the most influence currently. The agency is soliciting input about security technologies. The FDA's deadline to develop standards and validate effective security for the drug supply chain is March 2010.

Biotechnologies Help Raise Biofuel Crop Yields - Biotechnologies have helped increase production of agricultural feedstock needed for biofuels. US farmers have raised crop yields 30 percent in 10 years with the help of agricultural biotechnology, according to the Biotechnology Industry Organization. Sustainable and economic production of agricultural feedstock for biofuels is a goal of the agricultural, industrial, and biotechnology sectors.

Four Biotech Firms Go Public Fourth Quarter 2007 - Four venture capital-backed biotechnology IPOs occurred in fourth quarter 2007, with a total venture-backed offering of $320.5 million, according to the National Venture Capital Association. The biotech firms represented about 13 percent of the quarter's IPO total and 10.5 percent of the monetary total. Boston, San Jose, and Chicago each had at least one biotech IPO.

Competitive Landscape

Demand for biotechnology products and services is driven primarily by the willingness of insurers to pay for new medical treatments. The profitability of individual companies depends on the discovery and effective marketing of new products. Because the market for potential products is so large, small biotechnology companies can co-exist successfully with large ones if they have expertise in a particular line of research.

Full Industry Overview For Biotechnology Sector

Biotechnology Sector Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US scientific research and development, an indicator of biotechnology activity, is forecast to grow at an annual compounded rate of 8.5 percent between 2007 and 2012.

Scientific R&D Growth Strong and Steady

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.