Singapore: Biomedical Growth Down To Single Digits Next 2 Y
-
Oxford Mushroom: I am not an economist but as someone in the biomed industry, I would say yes, you can certainly get a job in this industry in 2 years' time but alot depends on your qualifications. It is going to get alot more competitive.
Oh me God, that's a revealing RMB $15,160.07... why should FT Chinese mind a lower pay? whether they stay or leave Singapore, they have it 'tailored-made'... in any case ur salary's from taxpayers' coffers if ur 'company' hasn't any revenue yet... think about that...
When it first started, Singapore was so desperately short of post-docs that anyone with a PhD in a relevant field can probably get a decent paying job. Now it is possible to get a Chinese post-doc with a year's experience in a reputable research lab who is prepared to take the job for S$3k...
-
It is high risk but also high potential returns, like many investments...you can lose a billion but if you struck paydirt you can earn billions in return.Originally posted by the Bear:the thing about research into meds is that it is a high risk and potentially low return thing..
you may blow a billion into researching into a dead end..
or your find may save a million lives so much that people take it from you and your patent doesn't mean squat (see where the HIV pills are going these days)
oh well.. for every silver lining, may be a dark cloud of despair
Lots of people will try to infringe your patent rights...that's why pharmaceutical companies have big legal departments sueing everyone. I fact, a friend in the pharma industry tells me they rejoice when they hear of copy drugs in China that turn out to be contaminated and harmed patients. Such adverse publicity will ensure those in developed nations will pay for the real thing. -
These are very broad subjects...you have to differentiate yourself further to compete. I would consider cancer vaccine, development of biologicals and use of targeted therapies such as monoclonal antibodies and PTK inhibitors, development of smaller, bedside diagnostic kits using microarray technology.Originally posted by SingaporeMacross:Augh, bioinformatics. BLASTing here and there.
We had some impromptu career guidance from our lecturer yesterday. He says, at least for the next 5 years, the hot subjects are: genetics, proteomics, immunology. What say you? -
If a Chinese FT working in Singapore is happy with a $3k pay and a Singaporean with similiar skills is not, the Chinese has the job.Originally posted by eyebuzz:Oh me God, that's a revealing RMB $15,160.07... why should FT Chinese mind a lower pay? whether they stay or leave Singapore, they have it 'tailored-made'... in any case ur salary's from taxpayers' coffers if ur 'company' hasn't any revenue yet... think about that...
Investors take risks and the benefits. The higher the risks, the greater the potential returns. -
biologicals development huh...Originally posted by oxford mushroom:These are very broad subjects...you have to differentiate yourself further to compete. I would consider cancer vaccine, development of biologicals and use of targeted therapies such as monoclonal antibodies and PTK inhibitors, development of smaller, bedside diagnostic kits using microarray technology.
but what if i don't do research? let's say i get involved in things such as GMP or Clinical Trials. -
Pharmaceutical companies spend alot of money running clinical trials. They are prepared to spend but they need highly experienced people with the relevant qualifications. At the clinical trial stage, they will need clinical staff (doctors, nurses etc), product specialists (scientists and doctors from the pharmaceutical company's development team) and good biostatisticians.Originally posted by SingaporeMacross:biologicals development huh...
but what if i don't do research? let's say i get involved in things such as GMP or Clinical Trials.