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What is the difference between pharmaceutical company and a biotechnology company?

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Information about What is the difference between pharmaceutical company and a...

Published on March 15, 2014

Author: nondescriptwrin88

Source: slideshare.net

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There seems to be a lot of confusion inside the investment community and press with what a biotechn...
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What is the difference between pharmaceutical company and a biotechnology company? There seems to be a lot of confusion inside the investment community and press with what a biotechnology company is and that of a pharmaceutical company is. This can be essential for many reasons including just what the perceived value of the company is. It seems that this certainly will certainly not change lives but a company's financial statements, sized the addressable market in the proposed drug and potential increase of the organization ought to govern the corporation's market capitalization. In an effort to simplify the real difference between what a biotechnology along with a pharmaceutical company often the process for manufacturing the drug or therapeutic agent seems to be the common proxy. The most typical what to characterize whether a firm can be a biotechnology company or even a pharmaceutical company is if recombinant DNA is used because process for manufacture of a drug candidate versus biotechnology company by using a chemistry process to synthesis the drug candidate. This is an oversimplification. A biotechnology company can be a pharmaceutical company but a pharmaceutical company might not exactly often be a biotechnology company. Generally, the press, it community along with the most typical classification systems for characterizing what industry a business developing drugs is at is likely to classify all companies as being a biotechnology companies depending on if they drug development process is according to utilization of recombinant DNA in lieu of chemical synthesis. This categorization isn't necessarily mutually exclusive and leads to confusion for potential investors. It also brings about poor taxonomies and descriptions of that of a biotechnology company is. A biotechnology company could be a pharmaceutical company.

A pharmaceutical company should be service repair shop with a drug approved for the sale and make use of for a condition or condition with the Food and Drug Administration ("FDA"), European Medicines Agency ("EMEA") or other similar regulatory body. Whether a pharmaceutical company used recombinant DNA process versus chemical synthesis should be irrelevant for determining whether it can be a pharmaceutical company. However, it can be relevant for determining whether a firm is or isn't a biotechnology company. If a firm comes with a approved product or perhaps still creating a drug, it can be quite a biotechnology company providing it is utilizing a biotechnology process including recombinant DNA to build up its drugs. They are not mutually exclusive inside the characterization of a business biomedical engineering jobs that develops or markets drugs. See HealthcareFirms.com for the good taxonomy structure. It s better to characterize companies that have drugs approved for treating a common condition or disease as a pharmaceutical company. There are huge companies with significant revenues for example Biogen Idec, Amgen, and Genetech whose items are determined by the biotechnology procedure that are generally biotechnology companies and pharmaceutical companies. But you will find others which have drugs solely based on chemical synthesis which are not biotechnology companies. Clarifying this might reduce significant amounts of confusion inside the investment community and could lead to more rational valuations which are based solely on financial statement and revenue growth rather than the belief that biotechnology companies are performing something unique and merit an increased valuations.

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