{"id":20725,"date":"2014-06-03T03:00:07","date_gmt":"2014-06-03T01:00:07","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=20725"},"modified":"2014-06-02T08:16:57","modified_gmt":"2014-06-02T06:16:57","slug":"understanding-biotech-market-brazil","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/understanding-biotech-market-brazil\/","title":{"rendered":"Understanding the Biotech Market in Brazil"},"content":{"rendered":"

The biotechnology market in Brazil has seen enormous activity this year in both the areas of industrial biotechnology and healthcare. In a recent webinar that discussed the latest results of the annual Scientific American Worldview report, panelists were especially excited by the partnering opportunities in Brazil. Mike May, Editorial Director, Scientific American Worldview, commented, \u201cBrazil is, as a country, like a master of partnering. They partner in the country between industry and government. They partner outside the country with industry and industry in other places. They have huge networks of partnering. They\u2019re bringing industries in from other countries to help them with things where maybe they don\u2019t have the technology\u2026 So you know, it\u2019s like they\u2019re finding creative ways to deal with some of the challenges they have that, say, the United States doesn\u2019t have.\u201d1<\/sup><\/strong><\/p>\n

Building on this movement, BIO and Biominas have partnered to co-host the first annual BIO Latin America, the industry\u2019s must-attend conference for innovation and collaboration in Latin America\u2019s rapidly-growing biotechnology sector. Here is a look at the current state of the biotech market in Brazil.<\/p>\n

Industrial Biotechnology<\/strong><\/h3>\n

Brazil is well known for its research and investment in industrial biotechnology, particularly in regards to cellulosic sugars and agribusiness. In April, several companies including Amyris, BP, Dow Chemical, DuPont, and Novozymes came together to launch of the Brazilian Industrial Biotech Association (ABBI) to promote dialogue with stakeholders, policy makers, and the public about advancing industrial biotechnology in Brazil. The trade group aims to improve current patent laws in light of new biotechnology advancements, support investments in R&D, laboratory infrastructure, and capacity and training for skilled and technical labor.<\/p>\n

At the launch event for ABBI, Greg Stephanopoulos, from the Department of Chemical Engineering at MIT, said that industrial biotechnology would help Brazil take a leadership position in the 21st Century global economy2.<\/p>\n

Biotech Sales Growth among BRIC Countries<\/strong><\/h3>\n

Despite representing under 5% of global biotech sales, BRIC countries (Brazil, Russian, India, and China) have seen a 29.3% compound annual growth rate (CAGR) from 2010-2012.<\/p>\n

\"graph-1\"
Figure 1, BRIC Biotechnology Sales Growth for the top 100 Global Pharma Companies, 2010-2012 (source: EvaluatePharma)<\/figcaption><\/figure>\n

 <\/p>\n

More Biotech Companies in Brazil Focus on Human Health than Agribusiness<\/strong><\/h3>\n

Biotechnology makes up an especially large portion of the current bioscience enterprises in Brazil. Out of 271 bioscience enterprises, 143 (or 51%) are biotechs. Out of the 143 biotech enterprises, the largest segment by application (33%) is comprised of companies with a human health focus.<\/p>\n

While Brazil is valued as a leader in industrial biotechnology and is known for their investment and R&D in cellulosic sugars and biofuels, there is a portion of a the biotech market that is focused on human health. In 2012, there were 89 biotech companies dedicated to the development of new medications (small molecules and biological), diagnostics, vaccines, cell therapy, regenerative medicine and tissue engineering, advanced method for assisted reproduction, genetic and molecular testing, etc.3<\/p>\n

\"fg2\"
Figure 2. Number of Biotech Enterprises in Brazil (source: pwc\/Biominas)<\/figcaption><\/figure>\n

 <\/p>\n

\"fg3\"
Figure 3: Brazilian Biotech Companies by Application (source: pwc\/Biominas)<\/figcaption><\/figure>\n

<\/h3>\n

The Healthcare Market in Brazil<\/strong><\/h3>\n

Brazil is currently the largest healthcare market in Latin America, covering almost one-fourth of the population3. It also has the highest per head healthcare spending in Latin America, which has seen steady growth year over year alongside Brazil\u2019s growing population of 195 million4.<\/p>\n

\"fg4\"
Figure 4, As Brazil\u2019s Population Grows, So Does Its\u2019 Health Spending (source: Sutherland Global Services<\/a>)<\/figcaption><\/figure>\n

The pharmaceutical market in Brazil grew at a CAGR of nine per cent from 2004-20105,6. According to Business Monitor International (BMI),7 Brazil\u2019s pharmaceutical market is projected to reach $26.2bn in 2014. A report by Deloitte8 found that Brazil\u2019s government has moved to align the drug regulatory environment with international standards, including intellectual property (IP) reforms carried out in recent years.<\/p>\n

Deal making between global pharma giants and smaller Brazilian companies are helping to drive the success of the healthcare industry in Brazil, such as Sanofi\u2019s purchase of Medley, Brazil\u2019s largest generic-drug company and third-largest pharmaceutical maker9, and Amgen\u2019s acquisition of privately-held Brazilian generics firm Bergamo, for $215 million10.<\/p>\n

This demonstrated growth of the healthcare industry in Brazil and recent deal making activity highlights the importance of accessing the innovation and partnering opportunities in Latin America\u2019s rapidly-growing life science industry. Registration for BIO Latin America is now open, and early bird ends June 5th. We hope to see you there!<\/p>\n","protected":false},"excerpt":{"rendered":"

The biotechnology market in Brazil has seen enormous activity this year in both the areas of industrial biotechnology and healthcare. In a recent webinar that discussed the latest results of the annual Scientific American Worldview report, panelists were especially excited by the partnering opportunities in Brazil. Mike May, Editorial Director, Scientific American Worldview, commented, \u201cBrazil […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[],"supplier":[2389,7229,2194,570,372,337,1936,1067],"class_list":["post-20725","post","type-post","status-publish","format-standard","hentry","category-bio-based","supplier-amyris","supplier-biominas","supplier-biotechnology-innovation-organization-bio","supplier-bp","supplier-dow-chemical-company","supplier-dupont","supplier-massachusetts-institute-of-technology","supplier-novozymes"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/20725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=20725"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/20725\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=20725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=20725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=20725"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=20725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}