Over £14
billion is spent each year on Research and Development
in the UK, representing 2% of gross domestic product.
With only 1% of the global population, the UK conducts
5.5% of world research, continuing it's strong record
of achievement. Today, many British research teams
are involved in major partnership programmes with their
overseas counterparts.
During the past decade there has been rapid and sustained growth in the number
of specialist biotechnology R&D based companies.
The UK has over 450 bioscience-related companies,
including some 250 specialist biotechnology companies,
which account for a quarter of Europe's specialist
biotechnology SMEs. 35% of these SMEs are working in
biopharmaceuticals, 22% in diagnostics, 15% in agri/environmental
and over 25% are biotech-suppliers.
The UK pharmaceutical industry employs approximately
60,000 people (of which a third are directly involved
in research and development) and accounts for 10% of
world pharmaceutical R&D expenditure.
The journey that a drug takes from an idea in a lab
to a pharmacist's shelves could match the making of
a Hollywood epic: it's a long, costly, risky project.
And while pharmaceutical or biotech companies reap
most of the glory and profit, most drugs on the market
started life in university research laboratories,
or in research institutes funded by the public.
R&D requires significant use of instrumentation,
equipment and laboratory consumables. Sales Specialists
in this sector are often highly qualified in their
field as well as focused to achieve sales objectives
within this niche environment.