Presentation by Joe Panetta at Southern California Biotechnology Conference 2012

1. Life S i
Lif Science Industry
I d t
Trends in the
New Economy
Joe Panetta, President & CEO, BIOCOM
4510 Executive Dr., Plaza One
San Diego, CA 92121
www.biocom.org

2. What BIOCOM Does
Mission: To position the Southern CA life science community on
the global stage as the center of life science innovation and product
commercialization.
Membership: More than 550 life science companies, research
institutes and universities professional services providers and
universities, providers,
governmental entities.
Programs: Advocacy/public policy, capital f
P Ad / bli li it l formation,
ti
education/workforce development, networking, member-to-member
services.
www.biocom.org

3. Who Our Members Are
• 550 member organizations in Southern CA
• Pharmaceutical and biotechnology
• Medical device and diagnostics
• Industrial biotech and biofuels
• Research institutes and universities
• Professional service providers
p
www.biocom.org

4. What We Do for Our Members
• Advocacy/Public P li
Ad /P bli Policy
– Washington D.C.
– Sacramento
– San Diego
• Capital Formation
• Education and Workforce Development
• Networking and Conferences
• Member-to-Member Services
• Group Purchasing
www.biocom.org

5. SD Life Science Companies
Pfizer Lilly
Novartis
Johnson & J h
J h Johnson

6. A Few Major Local Industry
Contributions to Life Science
• PSA test for prostate cancer - Hybritech
• Insect resistant crops - Mycogen
• Viracept for HIV/AIDS - Agouron
• Rituxin for non-Hodgekins lymphoma - Idec
• Nucleic acid tests for blood screening - Gen Probe
Gen-Probe
• Byetta for blood glucose regulation - Amylin
• Sutent for advanced renal cancer - Pfizer La Jolla
• Rapid assay test for congestive heart failure - Biosite
www.biocom.org

7. Why Southern California?
• Intellectual P
I t ll t l Property and Innovation
t dI ti
• Academic research
• Private Research Institutes
• Capital
• Depth and Breadth of Talent
• Diversity of Companies and Technology
• Industry Associations
• Convergence Opportunities
• Collaboration
www.biocom.org

8. So Cal Breadth of Life Science
• Academia
Opportunities
• Research Institutions
• Pharmaceutical Companies
• Biotech Drug Companies
• Enabling technology or “toolbox” Companies
• CROs and Service Providers
• Diagnostics Companies
• Medical Device Companies
• Industrial and Biofuels Companies
• Wireless Health Care
www.biocom.org

9. Our Impact on the Local Economy
• 1150 companies in SD and Orange Counties
• 150,000 jobs in Southern CA life science industry
• Overall net employment increase in 2009 of 5%
• About $1.5 billion in NIH research funding came to Southern CA last
year.
www.biocom.org

10. CA Life Science Industry Highlights
Total life science companies: 2,042
Total estimated revenue: $74.5 billion
Total estimated employment: 271 000
271,000
Overall biomedical average wages: $75,000
Life Science Workforce Needs:
• Individuals that possess a mix of science, technology and business skills
• Clinical research staff, engineers, medical laboratory scientists, technicians
• Workers to fill the workforce gap left by retiring baby boomers
• Individuals trained in new disciplines such as: Biofuels, Industrial Biotech,
Personalized Medicine, Stem Cells
CHI California Biomedical Industry 2009 Report

11. Leading High Tech Employer
High-Tech

12. Life Science Employment
CHI California Biomedical Industry 2009 Report

13. Robust Wages
Average industry wage of $75,000 outpaced by 80% the
Estimated annual wage of all occupations in the state.
CHI California Biomedical Industry 2009 Report

14. Employment Growth
Between 2003 and 2007, the industry added approximately 23,000 jobs and grew at an
annual average rate of 1.76%.
CHI California Biomedical Industry 2009 Report

15. Every
scientist
creates 3-5
supporting
jobs

16. Re-Inventing the Life Science Industry
g y
• Changing the industry versus changing with the industry
• Escaping the myopia of current markets and investor
horizons
• Organizational re-structuring and process re-
engineering are insufficient for survival
• Creation of unimagined products, services and
businesses
– I t
Integration of Dx, Rx and Ix
ti fD R dI
Source: George Poste/Burrill & Company

17. The Evolution of Medicine
New competencies in molecular medicine and
Drug biomedical informatics
Real-time information for
Molecular diagnostics optimum decision-making
ti d i i ki
Drug Disease
management
protocols,
protocols
Package insert Genetic patient
profiling information
Rx
R 2008
Medicine 2020
Source: George Poste

18. Confluence of Tech, Tools & Knowledge

19. • Industrial Biotechnology =
The New Industrial
Revolution
• INVESTMENT HAS WORKED
• JOBS
• ECONOMY
• NATIONAL SECURITY
• ENVIRONMENT

20. 2011 BIOCOM & BayBio
CA Industrial Biotech Workforce Survey
• California's industrial biotechnology industry increased
gy y
employment by 632 percent in the past five years
• 33 Companies Responded
• Revenues range f
R from $0 t $9 7 billi
to $9.7 billion
• Companies self-report a wide range of Industrial
Biotechnology: biofuels, chemicals, improved feedstock,
biofuels chemicals feedstock
genomics, food/beverage and new technologies
• Hiring Needs: Technicians/Chemists/Cell Biologists all with
g g
Project Management Knowledge

21. CA Industrial Biotech Workforce Survey Cont.
•Biofuels/Chemicals are 85% of all respondents founded since 2000
5
4
Technology Development
3
Biofuels, Chemicals
Industrial Chemicals
Ag Biotech
2 Enymes (including chemicals)
Biofuels
Bi f l
Algal Products
1
0
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008

22. The Biobased Economy Tomorrow
Circa 2025 Market Jobs
Renewable >20% U.S. 237,000
Chemicals / chemicals additional
Biobased sales (USDA ) direct jobs in
Products U.S.

23. Projected US Biofuels Industry
Jobs/Economic Forecast*
2012 2016 2022
Direct Jobs 29,000 94,000 190,000
Multiplier Jobs 123,000 383,000 807,000
New Plant Investment $3.2B $8.5B $12.2B
Cum. Facilities Investment - - $95.0B
Direct Economic Output $5.5B $17.4B $37.0B
* BioEconomic Research Associates “US Economic Impact of Advanced Biofuels Production:
Perspectives to 2030”
www.biocom.org

24. The BIOCOM Institute serves as a bridge
between l
b learning i i i
i institutions and lif science
d life i
companies to build education initiatives that
advance science literacy
Learning Life Science
Institutions/
I tit ti / Industry
Students

25. BIOCOM Institute/SDSU Secure $4.95 million
DOL Biotechnology Readiness, Immersion,
Readiness Immersion
Certification and Degrees for Gainful
Employment (BRIDGE) Grant
• BRIDGE Grant
– Education, training, and placement services to more than 1,000 veterans
and workers within the San Diego region
– Only 55 grants awarded out of 700 applications (7.8%)
– One of only four biotech proposals awarded
• What it means
– S
Solidifies San Diego as a hub of innovation
f S f
• What we will do with the BRIDGE Grant
– Subsidize internships, industry specific workforce training, and bridge the
g p
gap between academia and industry y
– Launch the Life Science Immersion Program and expand the
BioCollaborative

26. Educating & Developing Workers
Ed ti D l i W k
for the Green Economy (EDGE)
Initiative
A Partnership between BIOCOM, CleanTECH
San Diego and San Diego Regional EDC
g g g
www.biocom.org

27. EDGE Services and Training
S i dT i i
• Biomass Production Certificate
• Biofuels Science Technician Certificate
• Advanced Training in Biofuels Production Certificate Program
• Industrial Biotech Immersion Program
• BioCollaborative Web Portal – designed to connect job
seekers with industry
Call the Institute to take this program for FREE.
p g
www.biocom.org

28. Life Science Immersion Program
Industrial Biotech Immersion Program
A combination of web based industry video presentations
and case study modules with four functional areas:
• Business Environment
• Finance
• Product,
Product Process and Regulatory Development
• Business Development & Marketing
Call the Institute to take this program for FREE.

29. BioCollaborative
Learning Community Portal
g y
Participants access information,
engage in forum discussions,
discussions
upload and download materials,
tools, videos and templates via
an interactive portal

30. BIOCOM Career Center
www.BiocomCareerCenter.org
• Specific to the Life Science Industry in Southern
California
• Job website with 500+ Positions
• BIOCOM members receive free access to the resume
database
d t b
• Powered by BioSpace

31. BIOCOM Institute’s Website
www.BiocomInstitute.org

32. Search Life Science Careers
• Searchable terms
– Career Title
– Degree
D
– Experience
– Category (Administration,
R&D, Clinical, Marketing,
etc)
• Search by Keyword
y y