At this year’s BIO conference in Atlanta, UK scientists and biotech experts will lead debate on how to drive the development of nanotechnology and maximise its potential to speed up drug discovery and create and enhance patient therapies.
Past commentators have predicted that total market for nanotechnology-enabled drug delivery will rise to $26 billion by 2012 from its current size of $3.39 billion – a compound annual growth rate of 37%. After 2012, the market could rise steeply, reaching potentially $220 billion by 2015 for these nano-enabled compounds. Yet recent research amongst pharma companies found only one in six respondents had an explicit nanotech strategy compared to four in six in the electronics and materials sector.
At a debate organised by BNC and hosted by Dr Moira Gunn radio host of BiotechNation, speakers will explore how the biotech and pharma industries can realise the full potential of nanotechnology to ensure successful commercial development of new drugs.