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Bio Technology : October 2009
Volume 19 • Number 3 • October 2009 Australasian BioTechnology 5 AusBioWELCOME Partners July figures from BioTechnologyNews.net that show 138 publicly listed biotechs can be interpreted as the industry waiting patiently in survival mode, having reduced cash burn as much as possible by delaying or reducing research and staff spending -- and is ready to 'bloom' as soon as better conditions prevail. The BioTechnologyNews.net figures also showed research spending had increased marginally for the quarter, from March to July (0.27%), but this was only due to a significant increase from the top ten by market cap (up 19.8% for the quarter). The smaller companies actually dropped their research spending by 8.7% during the quarter. Staff spending dropped overall (-8.35%), with the majors up marginally (+0.95%) and the smaller companies down 12.2%. Taken together, though, there was a drop of 5.1% in spending in the sector last quarter, even though the majors increased spend by 7.54%, and the smaller companies dropped their total spend by 10.86%. The top ten by market cap are now spending more than a third of the total money being spent by the sector (35%). Biotechnology has had a challenging and unsettled period, but the fundamental strength of the industry is evident and ready to come into its own. With a world-class program at AusBiotech 2009, signs that the economy and the biotechnology industry are returning to health, the brand new Melbourne Exhibition and Convention Centre is the place to be 27 -- 30 October. Don't forget that Spring in Melbourne also brings the AFL Grand Final and the world famous Spring Racing Carnival. A special thank you goes to our event partners this year. Each logo below represents a company or organisation whose support will be important in staging AusBiotech 2009 as the premier Australasian biotechnology conference. Major Partners Host Partners