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    <title>Development Paths for Australian Biomedical Firms</title>
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    <keywords>development paths; Australian biomedical firms; biomedical industries; pharmaceutical industry; industry development</keywords>
    <abstract>The purpose of this paper is to examine possible development paths for Australia&apos;s indigenous
biomedical industry. The Australian biomedical industry has a number of components. It
includes some of the R&amp;D and other activities of the major foreign owned pharmaceutical
companies. It also includes some of the activities of Australian owned pharmaceutical
companies. However, in terms of the number of companies, the largest component consists of
substantially Australian owned companies undertaking drug discovery and development for
human purposes and a further group of companies developing supporting technologies and other
associated products and services. The focus of this paper is on the latter group of Australian
drug development and technology companies although the section on alliances encompasses the
broader range of activities of pharmaceutical companies in Australia.
With one or two exceptions the companies comprising the Australian industry are at an early
stage of development. The development prospects of the total industry reduce to the choices
made by these young companies on how they obtain the necessary resources and how
successfully these resources are applied to transform their early stage product pipelines into
marketable drugs and other products.</abstract>
    <date>2002-09</date>
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    <publisher>Victoria University</publisher>
    <id_number>No. 8</id_number>
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    <place_of_pub>Melbourne, Australia</place_of_pub>
    <pages>24</pages>
    <institution>Victoria University</institution>
    <department>Centre for Strategic Economic Studies</department>
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