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Industry Snapshot
Like other emerging industries, biotechnology has suffered ups and downs on Wall Street, but has nonetheless posted a continuous record of impressive growth. During BIO's first 10 years of operations, biotech revenues, R&D spending and employment grew dramatically, but most importantly, the number of biotech medicines and vaccines on the market climbed sixfold, to 155, as of December 31, 2002. Below are selected industry statistics. For additional information, visit BIO's Web site at www.bio.org.
Drug and Vaccine Approvals by Year
Source: BIO |
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U.S. Industry Statistics: 1992-2001
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Year |
2001 |
2000 |
1999 |
1998 |
1997 |
1996 |
1995 |
1994 |
1993 |
1992 |
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| Sales* |
20.7 |
19.3 |
16.1 |
14.5 |
13 |
10.8 |
9.3 |
7.7 |
7.0 |
5.9 |
|
| Revenues* |
28.5 |
26.7 |
22.3 |
20.2 |
17.4 |
14.6 |
12.7 |
11.2 |
10 |
8.1 |
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| R&D Expense* |
15.7 |
14.2 |
10.7 |
10.6 |
9.0 |
7.9 |
7.7 |
7.0 |
5.7 |
4.9 |
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| No. of Public Companies |
342 |
339 |
300 |
316 |
317 |
294 |
260 |
265 |
235 |
225 |
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| No. of Companies |
1,457 |
1,379 |
1,273 |
1,311 |
1,274 |
1,287 |
1,308 |
1,311 |
1,272 |
1,231 |
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| Employees |
191,000 |
174,000 |
162,000 |
155,000 |
141,000 |
118,000 |
108,000 |
103,000 |
97,000 |
79,000 |
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Source: Ernst & Young's annual reports on biotechnology, 1993-2002
* Amounts are in billions of U.S. dollars
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Biotech Drug Approvals 2002*
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| Total Approvals: 35 | New Products: 20 | New Indications: 15 |
New Products
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| Product | |
Company | |
Application (use) | |
Approval Date |
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AVINZATM
(extended-release morphine sulfate) | |
Ligand Pharmaceuticals and Elan Corp. plc | |
Once-daily treatment of moderate to severe pain in patients who require continuous opioid therapy for an extended period of time | |
March 2002 |
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Eligard TM
(slow-release formulation of leuprolide acetate) | |
Atrix Laboratories and Sanofi-Synthelabo | |
Advanced prostate cancer | |
January 2002 (additional formulation cleared in July 2002) |
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Elitek ®
(rasburicase) | |
Sanofi-Synthelabo | |
Management of plasma uric acid levels in pediatric chemotherapy patients | |
July 2002 |
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FortaFlex TM
(bioengineered collagen matrix) | |
Organogenesis Inc. and Biomet Inc. | |
Rotator cuff repair | |
April 2002 |
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FORTEO ®
(teriparatide, recombinant) | |
Eli Lilly and Company | |
Treatment of osteoporosis in postmenopausal women at high risk of fracture, and to increase bone mass in men with primary or hypogonadal osteoporosis who are at high risk of fracture | |
November 2002 |
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Hepsera TM
(adefovir dipivoxil) | |
Gilead Sciences Inc. | |
Chronic hepatitis B | |
September 2002 |
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HUMIRA TM
(adalimumab) | |
Cambridge Antibody Technologies and Abbott Laboratories | | Patients with moderately to severely active rheumatoid arthritis who have had insufficient response to one or more traditional disease modifying antirheumatic drugs | |
December 2002 |
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Imagent ®
(perflexane lipid microspheres) | |
Alliance Pharmaceutical Corp., Cardinal Health Inc. and InChord Communications Inc. | |
Imaging agent for use in echocardiography | |
June 2002 |
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INFUSE TM
Bone Graft/LT-CAGE TM (device utilizing recombinant human bone morphogenetic protein [rhBMP-2]) | |
Wyeth and Medtronic Sofamor Danek | |
For use in spinal fusion surgery to treat certain types of spinal degenerative disease | |
July 2002 |
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Mitozytrex
(MitoExtra TM proprietary version of mitomycin) | |
SuperGen Inc. | |
Disseminated adenocarcinoma of the stomach or pancreas | |
November 2002 |
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Neulasta TM
(pegfilgrastim) | |
Amgen | |
Reduction of incidence of infection as manifested by febrile neutropenia in non-myeloid cancer patients receiving certain chemotherapies | |
January 2002 |
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Orfadin ®
(nitisinone) | |
Swedish Orphan International AB and Rare Disease Therapeutics Inc. | |
Hereditary tyrosinemia type 1 | |
January 2002 |
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Pediarix TM
(diphtheria and tetanus toxoids and acellular pertussis adsorbed, hepatitis B [recombinant] and inactivated polio-virus vaccine combined) | |
GlaxoSmithKline | |
Prevention of diphtheria, tetanus, pertussis, hepatitis B and polio | |
December 2002 |
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Pegasys ®
(peginterferon alfa-2a) | |
Roche and Inhale Therapeutics Inc. | |
Chronic hepatitis C patients with compensated liver disease who have not been previously treated with alpha interferon | |
October 2002 |
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Rebif ®
(interferon beta 1-a) | |
Serono SA and Pfizer Inc. | |
Relapsing forms of multiple sclerosis | |
March 2002 |
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Remodulin TM
(treprostinil sodium) | |
United Therapeutics Corp. | |
Treatment of pulmonary arterial hypertension in patients with NYHA Class II-IV symptoms to diminish symptoms associated with exercise | |
May 2002 |
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RESTASIS TM
(cyclosporine ophthalmic emulsion) | |
Allergan Inc. | |
Chronic dry eye disease in patients whose tear production is presumed to be suppressed due to ocular inflammation | |
December 2002 |
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SecreFlo TM
(synthetic porcine secretin) | |
Repligen Corp. | |
Pancreatic assessment | |
April 2002 |
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Xyrem ®
(sodium oxybate) | |
Orphan Medical Inc. | |
Cataplexy associated with narcolepsy | |
July 2002 |
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Zevalin TM
(ibritumomab tiuxetan) | |
IDEC Pharmaceuticals Corp. | |
Relapsed or refractory low-grade, follicular, or transformed B-cell non-Hodgkin's lymphoma | |
February 2002 |
New Indications
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| Product | |
Company | |
Application (use) | |
Approval Date |
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Aranesp TM
(darbepoietin alfa) | |
Amgen | |
Chemotherapy-induced anemia in patients with non-myeloid malignancies | |
July 2002 |
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| Argatroban | |
Texas Biotechnology Corp. and GlaxoSmithKline | |
Anticoagulant for use in patients with or at risk of heparin-induced thrombocytopenia undergoing percutaneous coronary interventions | |
April 2002 |
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AVAGE TM
(tazarotene; also marketed as Tazorac ®) | |
Allergan Inc. | |
Topical treatment of facial fine wrinkling, mottled hypo- and hyperigmentation, and benign facial lentigines | |
October 2002 |
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BOTOX ® COSMETIC
(botulinum toxin type A) | |
Allergan Inc. | |
Temporary improvement in appearance of moderate to severe glabellar lines (frown lines) in adults 65 or younger | |
April 2002 |
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ENBREL ®
(etanercept) | |
Amgen and Wyeth | | Reduction of signs and symptoms of active arthritis in patients with psoriatic arthritis | |
January 2002 |
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FOLLISTIM TM
(follitropin-beta) | |
Organon (unit of Akzo Nobel) | | Induction of spermatogenesis in men with primary and secondary hypo-gonadotropic hypogonadism in whom the cause of infertility is not due to primary testicular failure | | February 2002 |
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Gleevec TM
(imatinib mesylate) | |
Novartis AG | |
Treatment of Kit (CD117) positive unresectable and/or metastatic malignant gastrointestinal tumors; first-line treatment of adult patients with newly diagnosed Philadelphia chromosome-positive chronic myeloid leukemia | |
February 2002;
December 2002 |
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INTEGRA ®
Dermal Regeneration Template | |
Integra Life Sciences Holding Corp and Ethicon Inc. (a unit of Johnson & Johnson) | |
Repair of scar contractures | | April 2002 |
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OLUX ® Foam
(clobetasol proprionate) | |
Connetics Corp. | |
Short-term topical treatment of mild to moderate plaque-type psoriasis of non-scalp regions excluding the face and intertriginous areas | |
December 2002 |
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Pegasys ®
(peginterferon alfa-2a) | |
Roche and Inhale Therapeutics Inc. | |
Combination therapy with ribavirin in patients with chronic hepatitis C who have compensated liver disease and have not been previously treated with alpha interferon | |
December 2002 |
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Prevnar ®
(pneumococcal 7-valent conjugate vaccine [diphtheria CRM-197 protein]) | |
Wyeth | |
Immunization of infants and toddlers against otitis media caused by vaccine serotypes | |
October 2002 |
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REMICADE ®
(infliximab) | |
Centocor Inc. (subsidiary of Johnson & Johnson) | |
Improving physical function in patients with moderately to severely active rheumatoid arthritis who have had an inadequate response to methotrexate; reducing signs and symptoms, and inducing and maintaining clinical remission in patients with moderately to severely active Crohn's disease who have had an inadequate response to conventional therapy | |
February 2002;
June 2002 |
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SecreFlo TM
(synthetic porcine secretin) | |
Repligen Corp. | | Aid in location and cannulation of pancreatic ducts in patients undergoing endoscopic retrograde cholangiopancreatography | |
November 2002 |
Sources:
BioCentury Publications, BioCentury
BioWorld Publishing Group, BioWorld Today
CenterWatch.com
Recombinant Capital, Inc./Signalsmag.com
U.S. Food and Drug Administration (FDA)
* Note: This list includes novel biologics developed by biotechnology companies and pharmaceutical companies, as well as small-molecule products developed by biotechnology companies, and other selected small-molecule, delivery-enhanced or tissue-engineered products. For a complete listing of FDA approvals from 1996 to the present, visit the agency's Web site at www.fda.gov.
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