Transcript Finding the Right Career in the Life Sciences

Career Opportunities in Biotechnology
and Drug Development
Finding the Right Career in the
Life Sciences
UC Berkeley
Toby Beth Freedman, Ph.D.
April 25th, 2013
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
1
Three Main Career Paths for Scientists
Academia
Tenured
Professor
Government,
Research
Institutes, NonProfits
Dean
Director or
Other
Industry
CEO
VP
Director
Tenure track
Educator
Scientist or
Other
Manager
Fellow or
Principal
Scientist
Track
Science and
Business
Student
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
2
My Experiment
• A comprehensive, systematic assessment
of careers for life science professionals
• Not hypothesis driven
• Career choices for science and medical
backgrounds
• Resource guide for career planning—so
much information that readers identify a
career that suits their skills, interests,
goals and personality attributes
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
3
Goals: Be Sure To Enjoy a Job
“If you are doing what you love, then it’s not
really ‘work’”
Peter David
Goals: Get on the Right Track
Methods
•
•
•
•
•
•
•
200+ interviews
1 hour telephone informational interviews
Mostly VPs, Ph.D.s or MDs
10 interviews per chapter
Compiled, analyzed and summarized
Took three years
Published by Cold Spring Harbor
Laboratory Press and is on Amazon
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
6
Results: So Many Careers To Choose!
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
7
Product Development Overview
Preclinical Studies
Discovery
Research
Lead
Optimization
of Drug
Candidates
Discovery Research
Preclinical
Studies
Bio/Chemical
Process
Development
IND
filing
Clinical Trials
Scale-Up /
Manufacturing
NDA
or
BLA
filing
FDA
review
Product
Launch!
Commercial
Operations
and Sales
Phase
IIIB/IV Trials
Medical Affairs
Clinical Development and
Regulatory Affairs
Commercial Operations: Marketing,
Sales, and Technical Support
Chemical and Biological Development, Operations and Manufacturing, Quality
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
8
Careers in Research
Venture
Capital &
Banking
Law
Discovery
Preclinical
Recruiting Research
Research
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Business
Development
Medical
Affairs
Marketing
Corporate
Communications
Product
Support
Sales
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
9
Bench Research Positions
Venture
Capital &
Banking
Law
Discovery
Preclinical
Recruiting Research
Research
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Business
Development
Medical
Affairs
Marketing
Corporate
Communications
Product
Support
Sales
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
10
It’s easier to train scientists about
business than the reverse
Discovery
Preclinical
Recruiting Research
Research
Venture
Capital &
Banking
Law
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Business
Development
Medical
Affairs
Marketing
Corporate
Communications
Product
Support
Sales
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
11
Do you want to be a CEO one day?
Venture
Capital &
Banking
Law
Discovery
Preclinical
Recruiting Research
Research
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Business
Development
Medical
Affairs
Marketing
Corporate
Communications
Product
Support
Sales
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
12
Careers where you can earn the most
money
Venture
Capital &
Banking
Law
Discovery
Preclinical
Recruiting Research
Research
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Business
Development
Medical
Affairs
Marketing
Corporate
Communications
Product
Support
Sales
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
13
Hot Jobs
Venture
Capital &
Banking
Law
Discovery
Preclinical
Recruiting Research
Research
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio-IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Medical
Affairs
Business
Development
Marketing
Corporate
Communications
Sales
Product
Support
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
14
Highly coveted jobs
Recruiting
Venture
Capital &
Banking
Law
Discovery
Research Preclinical
Research
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio-IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Business
Development
Medical
Affairs
Marketing
Corporate
Communications
Product
Support
Sales
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
15
Government Careers
USPTO, Reg Law
FDA Research
Scientist, Fellow
CDRH Engineer
Forensics
FDA PM
FDA Medical
Reviewer,
Epidemiologist
CDC
FDA Reviewer
Auditing
FDA
Public Policy
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
16
Positions for Graduates
Patent agent, advisor, USPTO
Research Analysts/Assoc
Kauffman Fellow
Consultant
Scientist I
Project coordinator
Bioinformatics
Medical writer, IT
QC chemist
Startups
FDA, Liaison
OTT, Portfolio
MSL, Scientific affairs
Marcom, AAAS Fellow
Market research
Tech Support, FAS, Trainer
Technical sales rep, FAS
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
17
So Many Careers To Choose!
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
18
Many areas to consider
Table 6-1: Biotechnology and Drug Development Overview... Where the Jobs Are
Drug Discovery
& Development
Biotechnology
“Tools”
Biotechnology
Services
Other Pharma/
Biotech Areas
Government
Institutions
Medical
Devices
Academia
Pharmaceutical
companies
Reagents and
Chemical suppliers
Management consulting
and accounting firms
Agricultural
Medical devices
Tech transfer
Biotechnology
therapeutic
companies
Instruments (e.g.,
microscopes)
Law firms
Industrial
biotechnology
Food and Drug
Administration
(FDA) and CBER
Diagnostic
companies
Venture capital and
investment banking
Molecular
diagnostics
Industrysupported labs
and institutes
Vaccines
Drug delivery
Molecular
Diagnostics
Platform companies
(e.g., genomics,
proteomics,
nanotechnology)
Bio-IT
Software and
hardware
Molecular
diagnostics
Recruiting firms
Contract research
organizations (CROs)
Contract manufacturers
(CMOs)
Research and clinical
testing: clinical labs,
customized antibodies
Bio-IT
Veterinary
companies
Foundations, nonprofits, social
philanthropy
Clean tech/energy
Nanotech
Journalism
Other agencies and niche
Viticulture
providers: PR, advertising,
market research, medical
communications
Consultants
Centers for
Disease Control
(CDC)
National Institutes
of Health (NIH)
eHealth
Education
HC Informatics
Telemedicine
US Patent and
Trademark Office
(USPTO)
Program
management
Incubators
Depts of Ag,
Energy, Veterans
Affairs, Defense
Homeland Security
& Defense
CIA, FBI, NASA,
Air Force
Trade
commissions
Crime labs
forensics
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
19
Non-Profits
Drug Discovery &
Development
Granting
Organizations
World Health
Educational
Lobbying and
Workforce Dev
Cancer Non
Profits
Myelin Repair Foundation
American Cancer Society
WHO
ACS
BIO
Melanoma Research Alliance
Alzheimer’s Association
Gates Foundation
ASCB
MassBio
American Cancer
Society
DIA
SoCal
PhRMA
BayBio
Michael J Fox Foundation
Leukemia Society
Skoll Foundation
SENS Research Foundation
CRI
Doctors Without
Borders
BIO
NIO
Leukemia Society
Cancer Research
Institute
Multiple Myeloma
Research Foundation
Prevent Cancer
Foundation
St Jude Children’s
Research
Sloan Kettering
CureSearch
Breast Cancer Fund
Prevent Cancer
Foundation
National Breast Cancer
Coalition
Livestrong
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
20
Careers in Healthcare
Healthcare
Practitioners Nursing
Associated Careers
and Therapists
Technologists and
Technicians
Rehab
Therapists
Healthcare
Administration
Insurance
Industry
Physicians
Licensed nurses
Acupuncturists
Audiologists
Dentists
Nurse anesthetists
Dental hygienists
Optometrists
Nurse midwives
Dietitians and nutritionists
Podiatrists
Nurse practitioners
Genetic counselors
Veterinarians
Home health aides
Pharmacists
Admitting officers
Accounting and
finance
Coordinators of
health wellness
Environmental health
and safety
Food service
Health education
Health information
technologists
Human resources
Librarians
Public relations
Nursing home
directors
QA directors
Geriatric care
managers
Medical records
Medical billing,
claims, patient
accounting
Medical secretaries
Mental health
workers
Administration
Registered nurses
Anesthesiologists
Blood bank techs
Cardiovascular techs
Radiology techs
Clinical lab techs
Cytotechnologists
Cardiovascular
Nuclear medicine
Dental assistants
Dental lab techs
Diagnostic medical
sonographers
Diagnostic imaging
Dietetic techs
Electroencephalograph
Emergency techs
Paramedics
Food techs
Histology techs
Ophthalmic techs
Optometric techs
Perfusionists
Phlebotomists
Pulmonary techs
Radiation therapy techs
Surgical techs
Veterinary assistants
Art therapists
Chiropractors
Surgeon assistants
Psychologists
Nurse’s aides
Occupational therapists
Opticians
Orthotists and prosthetists
Physical therapists
Recreational therapists
Respiratory therapists
Pediatric occupational
therapists
Biomedical engineers
Biomedical equipment
techs
Biomedical photographers
Biomedical writers
Child life specialists
Dietary managers
Geriatric social workers
www.careersbiotech.com
Certified athletic
trainers
Dance movement
Home health aides
Music therapists
Occupational
therapists
Patient reps
Physical therapists
Psychiatric aides
Recreational
therapists
Rehab counselors
Respiratory
therapists
Social services
aides
Speech language
pathologists
Substance abuse
counselors
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
Actuaries
Agents and
brokers
Claims adjusters
Loss control
specialists
Medical
insurance billing
and coding reps
Medical claims
reviewers
Public relations
Service reps
Sales and
marketing
Underwriters
21
Ideal Job—How do you find it?
Skills
Interests
Ideal
Job
Values/Goals
$$$/Market
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
22
Making a Career Transition
Self assessment—find the career that you love
Informational interviews
Resume development
Network and apply for jobs
Interview and find job!
Network
Skills: If you enjoy writing
Venture
Capital &
Banking
Law
Discovery
Preclinical
Recruiting Research
Research
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Business
Development
Medical
Affairs
Marketing
Corporate
Communications
Product
Support
Sales
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
24
Interests: Passion for Teaching
Venture
Capital &
Banking
Discovery
Preclinical
Recruiting Research
Research
Law
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Business
Development
Medical
Affairs
Marketing
Corporate
Communications
Sales
Product
Support
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
25
Values: Work-Life Balanced Careers
What to Avoid
•
•
•
•
•
Travel, unanticipated travel worst culprit
Stress
Impossible deadlines/mandatory overtime
Startups
CEOs and CFOs, executive positions (fundraising and
IPOs/road shows)
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
26
Jobs with impossible deadlines and
mandatory overtime
•
•
•
•
Law
Management consulting
Regulatory affairs (only during filings)
Tax accountants
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
27
Stressful Jobs
Venture
Capital &
Banking
Law
Discovery
Recruiting Research
Preclinical
Research
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Business
Development
Medical
Affairs
Corporate
Communications
Marketing
Product
Support
Sales
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
28
Travel Intense Careers
Recruiting
Venture
Capital &
Banking
Law
Discovery
Research Preclinical
Research
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio-IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Business
Development
Medical
Affairs
Marketing
Corporate
Communications
Sales
Product
Support
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
29
Careers requiring less travel
Recruiting
Venture
Capital &
Banking
Law
Discovery
Research Preclinical
Research
Bio/Pharmaceutical
Product
Development
Management
Consulting
Project
Management
Bio-IT
Services
Quality
R&D
Clinical
Development
Operations
Commercial
Operations
Operations &
Manufacturing
Regulatory
Affairs
Business
Development
Medical
Affairs
Marketing
Corporate
Communications
Sales
Product
Support
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
30
Careers where you can work from home
office or telecommute
•
•
•
•
•
•
•
•
•
•
Sales reps
Field application scientists
Trainers
Medical science liaisons
Patent agents
Some recruiting companies
Service engineers
Bio-journalism—writing jobs
Consultants
Bio-IT
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
31
Summary: Highest Ranking W/L
Balanced Jobs
•
•
•
•
•
•
•
•
•
Technical support
Drug safety (except during drug recalls!)
Market research
Bio-IT and data management
Document management
Quality careers
Medical writing
Human resources
Teaching/education
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
32
Corporate Cultures
Image: Wikipedia Commons
Why Work in Industry???
• Most common answer to why people
enjoyed their jobs?
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
34
Why Work in Industry???
• Overwhelming feeling of higher aspirations
for developing drugs that promise to
benefit mankind
• Developing cures for the most debilitating
diseases, saving lives
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
35
Themes to Excel in Industry
Personality attributes to be successful,
regardless of the career?
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
36
Personality Attributes to be Successful
in Industry
•
•
•
•
•
•
•
•
•
Flexibility
Communication skills
Team player
Interpersonal skills
Can-do positive attitude, sense of humor
Multitask
“Forest through the trees”
Customer’s point of view
Creative problem solving skills
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
37
Career Paths in the Life Sciences
Photo: Wikipedia Commons
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
38
Career Ladder in Discovery Research for
Research Associates
SRA
SRA
SRA
SRA
Research
Associate
Student
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
39
Career Ladder in Discovery Research:
Ph.D.s are not technicians
CEO
VP R&D
VP Research or CSO
Fellow or
Principal
Scientist
Track
Director
Group Leader
Scientist I - III
Postdoc
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
40
Career Potential in Discovery Research
CEO
Consultant
Venture
Capital
Patent
Law
VP R&D
or CSO
Project
Management
Preclinical
Research
Regulatory or
Clinical Affairs
Quality
Discovery
Research
Academia
Other Areas:
Operations, Business
Development,
Marketing, Sales,
Tech Support,
Product Development
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
41
Going from Academia to Industry
Image: Wikipedia Commons
What you can do now to make
yourself more marketable
•
•
•
•
Human disease rather than basic research
Hot therapeutic areas of interest to industry
“Unmet medical needs”
Same techniques, drug screens, applied
science
• Patent your work
• Gain business understanding
• Gain understanding of clinical development
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
43
What you can do now -- continued
•
•
•
•
Collaborate with industry cohorts
Follow biotech news
Publish, publish, publish (but don’t perish)
Presentations and attend conferences and
become a perceived expert (get visibility)
• Consider FAS, MSL, Tech Support, Trainer
• Attend industry events, network and start
early
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
44
What you can do now
•
•
•
•
•
President, leadership in org on campus
New faculty search team
Volunteer for non profit
Attend career seminars, run one
Join National Postdoc Association,
www.nationalpostdoc.org
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
45
Land a job on the business side
• Work at the OTTBD
• Visit MBA program—management
consulting firms, career help
• Take business classes
• Startup incubator on campus, i.e. QB3
• Entrepreneur classes
• Entrepreneur chapter
• Talk to profs who consult or founders
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
46
What you can do now to land a job
on the business side--continued
• Follow the biotech stock
• Invest in public companies—demonstrate
financial acumen
• Show leadership—start something, run a
program, be a President
• Pubs not needed in business
• Read WSJ, follow biotech business news
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
47
Making the Leap to Industry
• Industry postdoc
• MBT programs, KGI, JHU, SJSU
• Keck Institute’s Postdoc Professional
Master’s Program (PPM)
• Certificates, classes @ UC Berkeley X and
UCSC X
• Additional degrees: MBA, JD, MD/Ph.D.
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
48
How do you get a Job without
industry experience???
•
•
•
•
•
•
•
Incubator
Industry postdoc
Informational interviews—and lots of them
Classes or certificates, i.e. PM or RAC
Power user—show specific interest
Volunteer/intern
Network—take a risk
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
49
The Current Economy
The current economy: “The Times, They
are a Changin’”
•
•
•
•
2008 was a bad year
2009 and 2010 were *terrible* years
Things are starting to pick up
Social media was hot, is cooling
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
51
IPO Performances
Source: Factset, BIO
Fall-Out of 2010…Venture Capital and
Capital Markets
• ROI for LS VCs was -1.5% in 2010
• Less VCs, less money, smaller investments
• Difficult for startups to raise money
• Public markets were less interested in LS
Trends:
• VCs have been investing in later stage deals
• Corporate venture, academia-industry
partnerships
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
53
M&As are bad for industry (and human
health)
• 30 mergers over last 60 years didn’t boost
productivity
• More companies = more successful drugs
• New areas of pharmacology most successful
• 25% fewer public biotechs in 2010 than 3 years
ago
Bernard Munos/Forbes 2011
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
54
The FDA
•
•
•
•
Overburdened with added responsibilities
Increasingly focused on safety
Average review times increasing
Regulatory environment raises “serious barriers
to innovation”
• 2012 an exceptionally good year—39 drug
approvals
CHI Report, 2011
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
55
Consequences of the FDA…
• Difficult to raise money—regulatory risks and
uncertainty
• Dramatic shift in clinical trials US to Europe
• Rise in number of drugs approved in EU first
• EU Docs learn new tech first
• Operations, experts move overseas
CHI Report, 2011
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
56
The Scenario at Big Pharma…
• Dismal internal R&D returns
• Cost per successful drug has risen (cost
of R&D has gone up, shorter periods of
economic returns due to generics and
patent life span, declining productivity)
• Regulatory hurdles higher
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
57
Big pharma solution: outsource R&D
to biotech
• “Externalize” small mol discovery research,
pre-Phase III compounds, particularly for
riskier therapeutic areas (NR, COPD, Cardio)
• Reduction in R&D research and reallocating
resources to in-license deals with biotechs
• Move from R&D to “Search & Development”
orgs
• Reduces investment risk
• Biotechs expected to become pharma’s main
R&D engine
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
58
Reason for biopharma to outsource:
develop presence overseas
• Pursue a market presence
• China expected second largest market
in 2020
• Growing markets Australia, S. Korea,
India, Vietnam, Japan, Russia
• Cost of dev is 1/5 to 1/3rd, labor costs
are rapidly rising
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
59
Outsourcing and impact on jobs
•
•
•
•
Chemistry and manufacturing overseas
Small molecule, devices, large mol safer
Clinical trials, preclinical, research and IT
Virtual companies= growth in services and
consultants
• Still need quality and PM
• Global need
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
60
Not so bad off…
• Biotech, biofuels, medical devices better
than other industries
• Big biotech is doing well
• Big pharma is cash rich, patents expiring,
need to fill pipelines
• A great time to start a company
• Ex-Genentechers founding companies
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
61
VCs are Funding Biotech and Medical
Device Companies
Source: PricewaterhouseCoopers, Money Tree Report, www.pwcmoneytree.com
California is HOT
Source: PricewaterhouseCoopers, Money Tree Report, www.pwcmoneytree.com
History of VC Funding in Biotech
Source: PricewaterhouseCoopers, Money Tree Report, www.pwcmoneytree.com
Where are the jobs?
• Academia
• Successful biopharmas
• Service companies, i.e. CROs and
CMOs
• Biofuels (bioreactors, fermentation,
microbiology, plant genetics (agbio))
• Small venture-backed companies
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
65
Hot growth potential sectors: new and
emerging areas
• Healthcare, surgery centers
• Generics and biosimilars
• Biofuels and green/clean tech, grey water,
energy
• Personalized medicine/companion Dx
• Combination therapies
• HC IT, telemedicine, mobile HC apps, “doc-inthe-box”
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
66
Skills in High Demand
•
•
•
•
•
•
Regulatory affairs
Sales
CLIA-certification
Bioreactors
QA and QC
Rare skills, i.e. ephiz
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
67
Trend to transition to electronic data
capture in just about every job function
• Healthcare informatics (i.e. electronic health
records)
• Laboratory automation
• Bioinformatics (personalized medicine)
• Data management, bio-IT
• Regulatory affairs, i.e. electronic filing
• Discovery research, i.e. eNotebooks
• Intersection of life and computer sciences
training
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
68
The Future of the Life Sciences Remains
Promising
• Significant unmet medical needs remain—
neurological disorders, cancer, infectious
diseases, diabetes, obesity,
cardiovascular diseases
• People are living longer, aging population
all over the world
• Tremendous market opportunity in China,
India and other emerging countries
• Energy
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
69
Recommendations for job search-*flexibility*
•
•
•
•
•
•
Non-glamorous jobs
Temp-to-hire/contract ops
First job will probably not be your last
Safety in biotech hubs: SF, SD, Boston
Good time to start a company
Start networking early
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
70
Conclusions
• There are many different careers to
consider in different areas
• Find a career that fits your unique talents,
aspirations, interests, values
• Do what you love
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
71
Find your niche
Article in the Atlantic about Ph.D.s
Source: The Atlantic Monthly Group. www.theatlantic.com
Academia Career Books
• At the Bench and At the Helm, Kathy Barker,
CSHLP
• Advice for New Faculty Members, Robert Boice
• Making the Right Moves: A Practical Guide to
Scientific Management for Postdocs and New
Faculty, Burroughs Wellcome Fund, HHMI,
www.hhmi.org/labmanagement
• Lab Dynamics: Management Skills for Scientists,
Carl and Suzanne Cohen, CSHLP
• Managing Scientists, Alice Sapienza
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
74
Industry Books
• Science Lessons, Gordon Binder, Former CEO
of Amgen
• Emperor of All Maladies, Siddhartha Mukherjee
• Good to Great, Jim Collins
• Put Your Science to Work, Peter Fiske
• Career Opportunities in Clinical Drug Research,
Rebecca Anderson
• Nontraditional Careers for Chemists, Lisa Balbes
• Alternative Careers in Science, Cynthia
Robbins-Roth
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
75
Career Resources
• LinkedIn group ‘Careers Outside of
Academia’
• Ryan Raver’s
www.thegraduatestudentway.com
• Ryan Raver’s, Ultimate PhD Networking
Guide: How to Create Opportunities Out of
Thin Air
• Nature and Science career columns
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
76
Book Information
• Careers in Biotechnology and Drug
Development
• Published by Cold Spring Harbor
Laboratory Press
• Books available on Amazon
www.cshlpress.org
• Available in German
• www.careersbiotech.com
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
77
Additional Information
• Free sample chapter on Careers in Project
Management, www.careersbiotech.com
• List of job posting sites under career
resources at www.careersbiotech.com
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
78
Acknowledgments
• Over 200+ industry professionals
Special Thanks to:
• Molly Schmid, Joseph Carlino, Betsy Alberty,
Angelie Agarwal, Bill Lindstaedt
Even More Special Thanks to:
• My father, Bill Freedman, who edited the
chapters multiple times and Peter Symonds
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
79
Contact Information
Toby Freedman, Ph.D.
President, Synapsis Search
Recruiting in the life sciences:
Biotechnology, Biofuels, Services, NonProfits
www.synapsissearch.com
[email protected]
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
80
Thank you!
Start companies, be successful,
and may you find a cure for cancer!
www.careersbiotech.com
Copyright © 2007 Career Opportunities in Biotechnology and Drug Development. All rights reserved.
81