AusBiotech, Australia’s peak biotechnology industry association, released updated figures of the industry on October 30, with the new sector ‘snapshot’ revealing momentous growth across the Australian life sciences sector over the past two years. ASX-listed companies have increased from 140 companies in 2017, to over 160 in 2019. The value of these companies has grown to over $170 billion, demonstrating the opportunities available for investment.
Healthcare represents almost 10 per cent of total index market cap of the ASX 200, with CSL holding just over six per cent. Other AusBiotech members included on the list are: Sonic Clinical Trials (a subsiderary of Sonic Healthcare - SHL), Cochlear Limited (COH); and Nanosonics Limited (NAN).
The research report confirmed that there is a 12 per cent growth in the number of organisations, growing from approximately 1,654 to 1,852, and a five per cent growth in employees, increasing from 232,213 people to 243,406 between 2017 and 2019.
The majority of the workforce is found in industry (36 per cent, 87,397 people). When compared to the employee numbers reported in 2017, there has been a 5 per cent overall increase in the number of people employed by the sector (from 232,213 in 2017). Similarly, since 2017 there has been a 6 per cent increase in the number of people employed by industry and a 2 per cent increase in the research workforce.
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Esta historia es de la edición December 2019 de BioSpectrum Asia.
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What's APAC's Recipe of Success in CLINICAL TRIALS MARKET?
Asia-Pacific APAC) is emerging as one of the most promising and resilient markets for clinical trials. According to a report by Clinical Trials Arena, between 2017 and 2022, the region posted growth in clinical trials of around 10 per cent, outstripping growth in other major regions including the US, Europe and the rest of the world RoW). Asia’s growth far exceeded the overall average figure of 5.3 per cent per year. As of 2023, the number of trials reached 14,346 in APAC. Let's delve into the thriving clinical research landscape in the region and explore the trends driving its growth.
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"Biotech startups still need support in terms of talent, and resources to bring their innovations to market"
Raymond Chow has recently stepped in as the Vice President, Asia Pacific at USheadquartered Cytiva, a global provider of technologies and services for biological therapies, formerly known as GE Healthcare Life Sciences.
"We are exploring opportunities to collaborate with startups and incubators"
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"Australia offers a simple, supportive and robust regulatory process to initiate human trials efficiently"
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"Regulatory encouragement of advanced tech, including AI will accelerate clinical trials in APAC"
Lokavant Holdings, a US-based clinical trial intelligence technology company provides clinical trial intelligence that enables study teams to make data-driven decisions, as well as risk-based quality management and monitoring services to pharmaceutical companies and contract research organisations (CROs).
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How APAC Has Turned into Clinical Trial Behemoth
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