Although any large research university can spawn a biotech company and do, the reality in the U. There are. Aeglea, mentioned above, is one of a few located in New Orleans. BioPharmGuy lists 85 biotech companies in Michigan, and most of them are in Ann Arbor, home of the University of Michigan , or in surrounding suburbs.
However, many biotech companies employ a handful or less of people, whereas a pharmaceutical company often hires thousands. Your Role and Time Small biotech companies often require scientists to be Jacks-of-all-trades.
Pharmaceutical company scientists, on the other hand, tend to be highly focused on specific duties and roles. One is not necessarily better than the other. Being there is really to be part of directly contributing and possibly taking a position, seeing on a day-to-day basis how your efforts can impact the organization. Biotech companies are more inclined, with a shorter financial runway and the clock constantly ticking, to have longer hours and days. Some of that is simply that the larger a company gets, the more conservative it tends to become in terms of work culture.
Biotech companies, especially startups in the San Francisco Bay Area are very much in the Silicon Valley mode of corporate culture—edgy, hip, individual-focused. In an article written by Christopher Henney , then the chief executive officer of Dendreon Corp. I know of no successful company that espouses this philosophy.
Money Pay will vary a great deal from company to company, but how does it vary between biotechs and pharma? That suggests, at least, that salaries are fairly similar. But what about the stock options at a biotech company? An in-depth discussion of this topic is outside the scope of this article. The quick answer is: maybe.
Stock options are complex and you might not be receiving what you think you are. Biotechnology Versus Big Pharma There are undoubtedly other factors, including simply: What do you want to accomplish with your career? One area that should be mentioned is that as a scientist, for the most part your role at a biotech company is likely to remain as a scientist, as opposed to a manager, unless the company grows quickly.
The executives of biotech companies are often venture capitalists VCs. Why are these lines of distinction blurring? The distinction between pharma and biotech is becoming less and less clear, and that is probably good for the industry and the patient. Your email address will not be published. Contact Us Today! Method of Drug Production Biotech — Manufactured in living organisms Pharma — Manufactured through chemical synthesis Size Biotech — Small, grew out of academic research or labs Pharma — Large, traditional, big business model Marketing Biotech — Reliant on pharma to market their drugs Pharma — Strength from phase III to market Scientists Biotech — Deep expertise in certain specialty areas Pharma — Fully integrated from discovery and research to product testing and marketing Style Biotech — Entrepreneurial, young, cutting edge Pharma — Corporate, secure, traditional Why are these lines of distinction blurring?
Interested in hiring in the pharmaceutical industry? Ready to conduct a job search? Leave a Reply Cancel reply Your email address will not be published. Pharmas rely on a chemical-based synthetic process to develop small-molecule drugs.
Working with plant and chemical based compounds, pharmaceutical companies work their magic to make medicines that cure or manage diseases, and protect us from infection. Pharmaceuticals include a handful of major companies that dominate the industry. While many of these firms also produce animal health products, livestock feed supplements, vitamins and a host of other goods, this profile will focus solely on their drug products used to treat human illness.
Depending on their size and strategy, pharmaceutical companies may conduct extensive research in-house or they may seek to license promising drugs from academia, other pharmaceuticals, or biotechnology companies. The latter firms are generally smaller than their Big Pharma competitors, and they employ cellular and bi-molecular processes to make medicines or diagnose illness. Those who choose to work in these buoyant and lucrative industries enjoy the very real satisfaction of knowing that they are working to produce drugs that could make a radical difference in the lives of thousands, even millions, of people, and the need for these talented, qualified individuals is greater than ever before.
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