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Pharmaceuticals and Biotechnology

Current Trends and Issues

The pharma/biotech industry exists in a constant state of change influenced by scientific advancement, government regulation, evolving business practices, and the changing needs of patients. For example, more drug research and development is being outsourced to contract research organizations, reducing job opportunities at traditional pharma/biotech companies, but creating openings at contract research organizations. Emerging nanoscience/nanotechnology is creating new, more effective ways to deliver drugs to patients as well as increased demand for scientists and researchers proficient in nanoscience/nanotechnology. The aging of the U.S. population is increasing demand for drugs and therapies that treat heart disease, cancer, chronic lower respiratory disease, and stroke. These are only a few of the many developments and trends that will shape the future of the industry.

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