...for evil? The debate continues
The world looked at biotechnology with immense hope and expectations four decades ago. People look at the advancements even today with the same hope; albeit tempered by some speculations. Biotechnology has long carried hopes of revolutionising medical science and agriculture on its shoulders.
Indubitably, the biotech industry is highly progressive. It is one of the most research-intensive industries. For instance, while in 2006, publicly traded biotech companies in the US spent around $27.1 billion on R&D (and created 180,000 employment opportunities; all life-sciences activities generated 1.3 million jobs directly in 2006 and an additional 7.5 million jobs indirectly), in 2010, the industry is expected to generate $100 billion in revenues annually. Over 5,000 companies are operating worldwide in the field of biotechnological product development and innovations.
The world looked at biotechnology with immense hope and expectations four decades ago. People look at the advancements even today with the same hope; albeit tempered by some speculations. Biotechnology has long carried hopes of revolutionising medical science and agriculture on its shoulders.
Indubitably, the biotech industry is highly progressive. It is one of the most research-intensive industries. For instance, while in 2006, publicly traded biotech companies in the US spent around $27.1 billion on R&D (and created 180,000 employment opportunities; all life-sciences activities generated 1.3 million jobs directly in 2006 and an additional 7.5 million jobs indirectly), in 2010, the industry is expected to generate $100 billion in revenues annually. Over 5,000 companies are operating worldwide in the field of biotechnological product development and innovations.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Prof. Rajita Chaudhuri's Website
domain-b.com : IIPM ranked ahead of IIMs
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
IIPM B-School Detail
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Prof. Rajita Chaudhuri's Website
domain-b.com : IIPM ranked ahead of IIMs
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
IIPM B-School Detail
