U.S. LEADERSHIP IN BIOTECHNOLOGY

Biotechnology: Fueling Innovation and Job Creation, Transforming Care The U.S. produces more new drugs than the rest of the world combined*

U.S. bioscience firms employ 1.7 million people in communities across the country.**

Switzerland

13%

US

Japan

8%

57%

8%

*Source: Milken Institute; Xconomy, “Which Countries Excel in Creating New Drugs? It’s Complicated” 2014; Kneller, Nature Biotechnology, 2012

UK

6% 6%

**Source: “The Value of Bioscience Innovation in Growing Jobs and Improving Quality of Life 2016” BIO/TEConomy (includes health care, agriculture and industrial and environmental jobs)

Germany France

Percentages do not add up to 100% due to rounding.

U.S. is well-positioned for future innovation U.S. headquartered firms are responsible for more than 60% of current worldwide clinical programs conducted by emerging biotechnology companies. These trials will drive future medical breakthroughs and economic growth.

61.4%

13.2%

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Sw

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UK

US

5.0% 4.1% 3.3% 3.0% 2.7% 2.7% 2.7% 2.0%

Source: BioMedTracker, BIO Industry Analysis

drugcostfacts.org

U.S. LEADERSHIP IN BIOTECHNOLOGY

Effective Public Policy is Critical to Maintaining Leadership and Long-Term Success To maintain U.S. leadership, the policy and regulatory environment needs to keep pace with innovations happening in labs across the country. The only thing that can impede long-term U.S. biotechnology leadership is short sighted policy proposals that stifle innovation and scare away investment. Entrepreneurs and investors need policy certainty to be successful at the incredibly difficult task of drug development, where more than 90% of endeavors fail.

THE U.S. HAS…

THE U.S. NEEDS TO MAINTAIN…

Brilliant scientists



Transparent payment systems that reward innovation and encourage free-market competition

Savvy entrepreneurs

World-class research institutions





Investors willing to commit the capital needed to fund medical innovation



An efficient and predictable regulatory review process

Continued advancement and funding of scientific understanding

Strong intellectual property (IP) rights and a reliable system for IP transfer, licensing, and collaboration

Creating new drugs through biotechnology is at the risky end of a business in which superhuman stamina and bottomless pockets are minimum requirements. — The Economist Magazine



drugcostfacts.org

Biotechnology: Fueling Innovation and Job Creation, Transforming ...

U.S. LEADERSHIP IN BIOTECHNOLOGY drugcostfacts.org. Biotechnology: Fueling Innovation and Job Creation,. Transforming Care. The U.S. produces more new drugs than the rest of the world combined*. U.S. headquartered firms are responsible for more than. 60% of current worldwide clinical programs conducted by.

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