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TOYS $$$ Education

TOYS $$$ Education. Write down ONE thing from each slide. Title your paper “Toys $$$ Education” Place your name, pd, date, etc on paper. Opportunities in BIOTECHNOLOGY. Biotechnology Facts. Biotech includes medicines such as: Asprin, Tylonol, cancer drugs, etc.

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TOYS $$$ Education

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  1. TOYS $$$ Education • Write down ONE thing from each slide. • Title your paper “Toys $$$ Education” • Place your name, pd, date, etc on paper

  2. Opportunities in BIOTECHNOLOGY

  3. Biotechnology Facts • Biotech includes medicines such as: Asprin, Tylonol, cancer drugs, etc. • More than 250 million people have received biotech drug products and vaccines in the US. (305 million people live in the US) • Biotech crop acreage estimated at 125 million acres

  4. Biotechnology Facts • 1200 biotechnology companies in the U.S. • U.S. biotechnology industry employs 150,000 people • $10.7 billion spent on R&D in 2000 • Revenues of $35 billion

  5. Exhibit 9: Biotech Revenues Increase (public and private) $ Industry Revenues ($ in Billions) Year Source: Ernst & Young

  6. Exhibit 11: The Biotech Pipeline: Phase III Trials Diagnostics/Radiopharmaceuticals/Contrast Agents 4% Ophthalmic/Ophthalmologic/Eye 4% Vaccines/Adjuvants 4% Gynecological & Genito-Urinary 3% Other 15% Cancer 28% Respiratory/Pulmonary 5% Metabolic 5% Blood & Coagulation 6% Cardiovascular 6% Infectious & Viral Diseases 9% Nervous System 11% Sources: NDA Pipeline, Ernst & Young

  7. Overview of the Drug Discovery Process Discovery (2-10 years) Preclinical Testing (Lab and animal testing) Phase I (20-30 healthy volunteers used to check for safety and dosage) Phase II (100-300 healthy volunteers used to check for efficacy and side effects) Phase III (1,000-5,000 patients volunteers used to monitor reactions to long-term drug use) FDA Review & Approval Post-Marketing Testing Years 2 4 14 6 12 16 0 8 10 Source: Ernst & Young

  8. Overview of the Drug Screening and Selection Process 5,000 to 10,000 compounds screened 250 lead candidates in preclinical testing 5 drug candidates enter clinical testing: 80% pass Phase 1 30% pass Phase 2 80% pass Phase 3 One drug approved by the FDA Source: Ernst & Young

  9. What Does Industry Look For in an employee? • Ethical • Energetic • Creative • Good training in fundamentals of scientific inquiry • Relevant background in specific discipline or field • Good "people skills" • communication • team orientation

  10. Academic Training: An Industrial Report Card • Scientific Method/Experimental Design A • Technical Competence A • Communication: • Scientific hypotheses/data/results A-C • As member of interdisciplinary team C- • Project/team leadership & mgmt. D

  11. What Kinds of Teams Do You Find in a Biotech Company? • Project Teams (Research) • Product Development Teams • Money Raising Teams • Business Development Teams • Marketing and Sales Teams

  12. Characteristics of Great Teams • Great teams have to work together • Members have a common vision

  13. Characteristics of Great Teams • Studies have shown that optimists - even when their optimism isn’t warranted - accomplish more than people who are pessimists.

  14. Characteristics of Great Teams • On great teams, the right person has the right job. It’s absolutely essential to find the right niche for each person or to let them find their own perfect niche.

  15. Characteristics of Great Teams • Great teams are not micro-managed.

  16. Characteristics of Great Teams • Share information effectively.

  17. Income • What is the average pay for a person that doesn’t finish HS? • Only finishes HS? • Finishes 2 more years of school? • Finishes 4 years of school after HS?

  18. No High School • Own boss Millions to bankruptcy • $40,000 - $80,000 - $1,000,000+ • ?????????? • Fast food $5,000 - $15,000 • Work for Family ? • Do they want you to work for them ???

  19. High School degree • Non specialized + doing what others tell you to do everyday $20,000 - $40,000 • ???

  20. What about that job at the mills my parents got right out of high school? • The mills are highering fewer people. All new highers have education beyond high school. • You need a college degree. LCC has a 2 year program that’ll get you a job.

  21. After High School • What are your options after HS? • Bum, fast food worker, live with parents • Community College, LCC • Trade school, Perry tech • Military, training and $$$ • Americorps, Jobcorps • 4 year College, UW

  22. Americorps, Jobcorps • Americorps: You are volunteering for 1 year and get paid a small amount of $. You get training and experience for your resume. • . • Jobcorps: You get trained for a future job. Everything is paid for if you are doing what you’re told. No extra pay but you get experience and training for a future job.

  23. Trade / AA degree, 2 yrs • Factory laborer $20,000 - $65,000 • Mechanic, Electrician, Plumber • Nurse, Message therapist, Secretary • $20,000 - $80,000 • Store Manager $30,000 - $80,000 • ???

  24. Military • They pay for your training and give you a paycheck $30-50,000/yr. • You do what they want you to do. • You may be deployed to a war zone. • You serve your country for 4 years. • You have specialty training and can probably get a job when you’re done.

  25. College, 4yrs • Specialized in a field • Education $35,000 - $65,000 • Environmental $25,000 - $95,000 • Business $30,000 - $100,000 • ???

  26. Masters / PhD, 2 yrs each • Doctor $100,000 - $300,000 • Lawyer $60,000 - $400,000 • Director of business $80,000 - $160,000 • VP of a business $120,000 - $500,000 • CEO / Boss $280,000 - $800,000+

  27. What do you want? • WantNeed for Income • Apartment $1500/mo $25,000 • (what education do you need to afford an apartment?) • (If you have a roommate and share $, what education do you need?) • House small 3 bedroom $45,000 • ($220,000) • House medium 3 bdrm $65,000 • ($270,000) • House w/land, 10 acres($350,000 +) $75,000 • Large house $100,000+ • ($400,000+)

  28. Toys • WantExtra Income needed • Nice car $5,000 extra/year • New car ($25,000) • Boat $5,000 extra/year • Wave runner, motor bike, 4 wheeler $3,000 extra/each • ($3,000 each + supplies) • Vacations $1,500/person in family • ($1,500 min to Hawaii, Vegas, Disneyland) • Get Married $5,000-20,000 more • New clothes, eat out, etc $???,???

  29. Retirement?????????? • Do you plan on working your entire life? • Are you saving money so you can retire when you are 65 years old? Add $5,000+/yr • What if your car breaks down? $1,000 • What if you get sick? $1,000-$10,000

  30. Education level • 1. Add up what you want in the future in regards to the income you’ll need to have. • 2. What education level will you need and how many years till you’ll probably get there? • Answer ____________________

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