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Future Trends in Life Science Recruitment: Opportunities and Challenges in the Sector

This seminar explores the current and future recruitment trends in the life science sector, highlighting job functions, career options, and the importance of money, people, and science. It also discusses the role of organizations like the BioIndustry Association and bioProcessUK in fostering bioprocessing development and attracting investment.

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Future Trends in Life Science Recruitment: Opportunities and Challenges in the Sector

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  1. Life Scientist’s Annual Careers SeminarThe Royal Academy of EngineeringNovember 18th 2005Future Recruitment Trends in the Life Science Sector

  2. Recruitment Trends in the Life Science Sector • My background and job • Employment trends • Status of Pharma and Biotech • Career Options • Job Functions • What it means to you? • Who gets the opportunities?

  3. What Matters? Money People Science

  4. My Background

  5. BioIndustry Association • Founded in 1989 • Encouraging commercial success of UK bioscience industry • Supporting member interests through policy development in UK and EU • Currently over 300 members • Dedicated office in Scotland • Strong links and cooperation with Europabio and industry bodies in the US and Japan • BIGT – Bioscience 2015 www.bioindustry.org/bigtreport

  6. BIGT ‘Bioscience 2015’ Bioprocessing Recommendations • Foster Bioprocessing Community Development • National Bioprocessing Forum • Knowledge Transfer Network (bioProcessUK) • Build a network of bioprocessing centres of excellence across the UK • Focussed research ‘next horizon’ bioprocess technology • Establish the Centres of Excellence • Develop appropriate education and industrial training programmes • Attract Significant Inward Investment

  7. Bioprocessing • What is it? • Why are we focussed in this area? • Who are the key companies?

  8. What is Bioprocessing? • The development of manufacturing processes for biopharmaceuticals • Proteins • Genes • Cell and Tissue Therapeutics • Vaccines • Antibodies

  9. Why are We Focussed in This Area? • In 2003 FDA received more license applications for biopharmaceuticals than NCE’s • > 70 biopharmaceuticals on the market • Dominated by MAbs and rProteins total market around £25 billion • Approx 50% mammalian, 50% microbial production • Higher success rate from first human trials to market • They are difficult to manufacture, costing too much and taking too long • Why the UK? • There is a relatively good UK bioprocess development and manufacturing base • Pockets of strength and strong heritage

  10. UK Companies Involved in Bioprocessing Scotland 11 Provisional data representing number of companies only North East 7 Yorkshire 3 Northern Ireland 1 East Midlands 4 North West 12 East Region 23 West Midlands 1 London 26 Wales 3 South East 20 South West 7

  11. UK Product Pipeline

  12. bioProcessUK Objectives • Build powerful networks & develop young scientists and bioprocess leaders in the field of bioprocessing • Benchmark UK bioprocessing • Develop a consolidated viewpoint on what the UK Government could do to assist bioprocessing • Develop a clear and increasing profile for UK bioprocessing • Support the development of the UK organisations • BRIC • DTI CR&D

  13. bioProcessUK Team

  14. Biotech Sector ‘Ideas to Proof of Concept’ www.dti.gov.uk\sectors_biotechnology.html UK Biotechnology Sector Leads Europe - Critical I report • Fall in business due to restructuring • Cuts in R&D/employment • UK best placed for sustainable industry • ‘In 2003 the UK sector’s 455 companies employed approximately 22,400 people and generated revenue of £3.6 billion’ • ‘UK companies had 224 new drugs in clinical development or awaiting approval - half of the European total’ • ‘UK companies raised £392 million of equity investment’

  15. Pharma Sector‘Validated Drug Candidate to Market’ Drugs are very expensive to develop • Rationalisation, merger and acquisitions • Focus on blockbusters and speed in discovery and development • Increased outsourcing from discovery to marketing • Flexible global workforces • Flatter organisations and small work units - biotech within Pharma?

  16. Life Science Career Options – Your Choice Public sector Biotech Academic Pharma Medical Devices Not for Profit White, Blue and Green Management Consultancy Venture Capital Accountancy Publishing Journalism Corporate Law Executive Search

  17. Life Science Functions – Your Choice Technical Business Development Chief Executive Intra/Entrepreneur Drug Manufacture Drug Developer Medical Specialist Company IP Lawyer Research Sales and Marketing Finance Director Regulatory Affairs

  18. Career Decisions • What does it mean to you? • Generic skill needs • Who gets the opportunities?

  19. What Does it Mean to You? • It is a changing and dynamic job market • Multinational pharma do not offer what they did e.g. security • Security is provided by clusters • We need to be flexible and keep up to date e.g. RAE • Service based businesses provide a wide range of opportunities • There are exciting opportunities in the UK although it’s a global business

  20. High level academic achievement Strong interpersonal skills Good moves, tangible success International experience Strategic thinkers Strong technical fit Passion and commitment Energy ‘a can do attitude’ Teamwork: Do people like working with you? Effective communication Persistence, hard work Generic Skill Needs

  21. Recruitment Process • Post PhD/PostDoctoral Research • Entry Level – Scientists • Proactive/Networking • Advertisements • Middle Level – First Line Management • Proactive/Networking • Executive Search and Advertising • Senior Level – Experienced Professionals • Proactive/Networking • Executive Search

  22. The Process for You • Information • BioIndustry Association (BIA): www.bioindustry.org • Bioindustry Organisation: www.bio.org • Monitor Trends • Where is academic funding going • In whom are the Venture Capitalists investing • Get Networking • Regional networks • Where are your departments alumni? • With whom does your department collaborate? • Attend all industry presentations in the University • Ask people what they do • Personal Plan • Type of job – psychometrics? • Location • Mid to long term plans • Target companies speculatively

  23. Who Gets the Opportunities? • Those that • Know what they want • Have a sound & relevant technical background • Have good references, it’s a small industry • Understand the business context • People want to work with • Network (Not many jobs are advertised)

  24. Two Opportunities • Annual bioProcessUK Forum • Liverpool 30th Nov and 1st Dec • Bursaries for academics • Graduate Placement at bioProcessUK • From September 2006

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