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Why private investors must team up with the public sector to drive our biotech revolution

The sector produces two-thirds of the globe’s new medicines, but is concentrated in a few US biotech hubs

Public-private partnerships are key to developing world-beating biotech
Public-private partnerships are key to developing world-beating biotech Photo: Irfan Khan/Los Angeles Times/Getty Images

Michelle McMurry-Heath is a physician-scientist and CEO of the Biotechnology Innovation Organisation

The US boasts the world’s most impressive biotech industry — by a long shot. The sector produces life-saving and life-changing innovations, including two-thirds of the globe’s new medicines. And it also generates immense opportunity, directly employing roughly two million Americans and supporting more than nine million jobs in total.

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