In this issue we begin our industry review with the Top 50 Biotech Companies. It’s
only been a short period of time since biotech became a major part of the industry,
but its current growth is amazing. Part of this is driven by the downturn in discoveries among traditional pharmaceutical products, and the resulting focus on the
promise of biopharmaceuticals. But much of it is because biotech has become a
more vibrant and efficient sector. In additional IPO growth, revenue in this sector
is growing. The Top 50 Biotech Companies consolidated revenue grew 18% from
$57B in 2014 to $68B in 2015.
The path to these successes is largely uphill. But, thanks to visionaries like Craig Venter, who pushed forward the process of understanding the human genome at Celera Genomics, we continue to get smarter
and faster at this science.
There are many Craig Venters among us, largely unheralded but making discoveries nearly every day.
Although less than 12% of medicines in clinical trial make it to approval, there’s still reason for optimism. According to the Biotechnology Innovation Organization (BIO, which is cited in the Cleveland
Clinic article in this issue), there are “more than 250 biotechnology health care products and vaccines
available to patients, many for previously untreatable diseases.
John Lechleiter, Chairman and CEO of Eli Lilly & Company, believes biotechnology “has the potential
to revolutionize our industry more in the next decade or two than in the past five.” What’s most encouraging is that scientists—who are naturally cautious—keep beating their own deadlines for producing
marketable versions of clinical discoveries.
I hope you enjoy the Top 50. It is great to be part of creating what has become a staple for our
readers. Thank you so much for helping to make HS&M a success. And always, please keep the
feedback coming. It all goes to making the magazine better for all of us.
Cari Kraft, Publisher
CARI kRAf T
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