Biotechnology Sector from Biotech Executive Search Firm
At Berke Executive Search, our team members are always learning about new technologies and advancements to the healthcare industries. Staying up-to-date on the latest trends and attending conferences to maintain an intimate knowledge of the healthcare industries is essential to the biotech executive search work that we do. Through our efforts, we have been able to position ourselves as leaders in the medical recruiting world. Each client in the biotech industry is different and their needs often differ from companies who manufacture small molecule drugs. Berke serves our clients in the Biotech Industry with an understanding of how their business and their needs differ from companies manufacturing small molecule drugs. Biotech Drug companies are often Venture Capital-funded and our client may be either the VC or the company itself. The inherent differences in the research and development of Biologics and their manufacture as compared to small molecule drugs define a different type of candidate as well.
Biologics vs Drugs
Manufactured in the living system of microorganisms, plant cells, or animal cells, biologics are generally very large and complex molecules. In order to create biologics, recombinant DNA technology and a process of chemical synthesis that combines specific ingredients in an ordered process are required. Sometimes when biologics are manufactured, there is difficulty involved in identifying some of the key components of the finished product; drug manufacturing, on the other hand, allows for a more extensive analysis. In addition, living things are also very sensitive to minute changes in the manufacturing process and can affect how the biologic functions within the body. To remedy this, manufacturers add hundreds of process controls to predict the right manufacturing outcomes. Unfortunately, this means that creating the exact same biologic without extensive knowledge of the innovator’s process is almost impossible.
What Is Biotechnology?
Biotechnology is the genetic manipulation of living organisms that are used for the manufacturing of useful technologies. According to the UN Convention on Biological Diversity, biotechnology is “any technological application that uses biological systems, living organisms or derivatives thereof, to make or modify products or processes for specific use.”
Biotech Trends & Predictions
According to the global accounting firm, Ernst & Young, the global biotech industry generated revenues at $98.8 billion in 2013 for publicly-held companies. Biotech drugs hold approximately 10% of the global prescription drug market total. Advanced drug development through biotechnology is expected to continuously enter the market in upcoming years. Consequently, the medical use of drugs for patients may include targeting specific genes or proteins.
Find Out More Information
Biotechnology drugs continue to dominate the marketplace with greater force each year is promising for patients who need drugs that will target the body’s specific genes and proteins. Berke’s biotech executive search processes ensure that recruiting experts match the right talent with the right company. The Berke team ensures that they remain experts in the biotechnological field by constantly keeping up to date on the trends. To learn more about our services explore our website at The Team or contact a recruiter at 267-483-8951.