A Third Alternative for Biotech ITCareers: Informatics Vendors
Scientists lead the effort to squeeze medical solutions from the human genome, but mainstream IT pros provide the skills needed to make it happen.
April 1, 2002 12:00 PM ETComputerworld - Still yearning for the dot-com days, when IT skills were not only critical but also sexy? Wishing for a time when you could come to work with a credible chance of helping to change the world every day?
Take heart. There's still at least one industry in which advanced IT is so vital that without it, companies literally can't compete. With the right combination of technology, science and luck, such firms stand to be not only competitive, but also incredibly profitable while indeed changing the worldor at least curing disease and improving the human condition.
Pretty high concept, but that's the whole point behind biotechnology, an industry that's using the recently decoded human genome as a set of instructions for how to design drugs to treat cancer, diabetes, depression and dozens of other physical and mental maladies.
"A lot of it involves straight IT skills, but in the end, what you're trying to do is pretty significant," says Paul Dupuis, who has a background in mainstream IT and a talent for understatement. He is director of IT at Vertex Pharmaceuticals Inc. in Cambridge, Mass.
Gaining Ground
Leveraging IT to help read the human genome and design compounds according to its instructions could cut two to three years off the 15 it currently takes to develop a single new drug. It could also slice the average $880 million price tag for drug development in half, according to a report from The Boston Consulting Group Inc.
Biotechnology and pharmaceutical companies will spend increasingly large amounts of money on bioinformatics during the next few years, but the bulk of their spending will continue to go toward systems and applications they build in-house. Source: The Boston Consulting Group Inc., Boston
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Do-It-Yourself Informatics
THIRD-PARTY TECHNOLOGY
IN-HOUSE TECHNOLOGY
2000
$80M
$750M
2001
$160M
$1B
2002
$320M
$1.22B
2003
$640M
$1.33B
2004
$960M
$1.5B
2005
$1.44B
$1.57B
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"A year or two ago, we were all very focused on sequencing genes, figuring out how they assemble together into chromosomes, which 10 years ago seemed like a phenomenal project," says George Morris, director of bioinformatics at drug development firm Zycos Inc. in Lexington, Mass.
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