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Insights report

Biotechnology industry position report

Biotechnology Industry Position Survey 2015 

Respondents to the fifth annual AusBiotech survey were the most positive they have been regarding how their companies performed with 69% reporting a good or excellent year. The positivity extended to the industry outlook for the coming year with 84% of respondents expecting their business to grow. Concern was voiced regarding government tampering with the much loved R&D Tax Incentive, with some respondents commenting on the unsupportive environment they are operating in.

Key findings:  

  • Sentiment strong despite business environment
  • Improved policy is all about tax reform
  • Cash is the life blood of the industry
  • A tough and unsupportive environment