Biotechnology industry position report

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

Reports from previous years

2014 Biotechnology Industry Position Survey

2013 Biotechnology Industry Position Survey

2012 Biotechnology Industry Position Survey

2011 Biotechnology Industry Position Survey