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vietnam.vn, vietnamcredit.com.vn, vir.com.vn

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Global Perspective about Biotech companies

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Global Perspective about Biotech companies

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Minh Tri will talk slide 1, 2, 3, 4, 13, 14, 15, 16, 17, 18.

Tiep will talk slide: 5, 6, 7, 8

Tuong will talk slide: 9, 10. 11, 12

Duy Anh will keep the time on the whole presentation.

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Reason why most biotech fails, not changing the world. (Whole group)

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Reason why most biotech fails, not changing the world. (Whole group)

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Reason 1: Having their product stolen

-Biotech companies make their money by making a drug and patent it and sell it, when the patent date ends, other biotech companies will jump in and steal their product, driving them out of business.

Reason 2: Lack of capital

-Biotech companies are seen as risky because most of them cannot even develop their drugs and medicines in time, making investors stay away from them and not providing the company enough money to survive.

Reason 3: Slow speed

-Developing a drug takes a lot of time, it can take up to 10-20 years making biotech companies struggle to make sure that they don’t run out of money before finishing their drugs.

Reason 4: Dishonesty

-Many biotech companies were making dishonest products. For example, Theranos was founded in 2003 and people believed that small biotech company will change the world with it new blood testing devices that can find the blood result of a person just with a drop of blood into a tube. But in 2018, the company was found guilty of fraud, it turns out that their blood testing devices didn’t work and they were sending fake results.

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The problems that biotech companies have to deal with. (Nguyen Tri)

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The problems that biotech companies have to deal with. (Nguyen Tri)

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-Behind the glorious biotech companies that made a cure to save the world and becomes a giant company with a lot of power, the truth is that most biotech companies fail.

-Biotech companies startup are often very small and they never got off the ground after their IPO (Initial public offering) to the stock market.

-Most fail to make the cure that they could sell to make money.

-Many biotech companies are run by inexperience and dishonest people and most of them cause the company to fail.

(Nguyen Tri)

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The biotech companies that made the vaccines for Covid. (Tuong and Duy Anh)

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The biotech companies that made the vaccines for Covid. (Tuong and Duy Anh)

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Through 1 year of the Covid virus ravishing the world, we finally got the vaccine for it through these companies.

-Johnson and Johnson Corporation have made the Jassen vaccine.

-Pfizer Corporation have made the Moderna vaccine for covid.

- And much more biotech companies have finished, or researching on how to make Covid vaccines

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Vietnam's Nanogen Pharmaceutical Biotechnology developed a Vaccine for Covid called: Nanovax. But the vaccine created still needs more testing. For most of the time, Vietnam's biotech companies are really essential in an outbreak. Even though Vietnamese technology isn't that good, we are gradually learning more about Vaccine technology. According to Vietnam.vn, (21/08/2021) currently, Vietnam has four facilities that engaged in vaccine research and production and a unit that receives technology transfer for COVID-19 vaccine production from abroad.

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How had biotech companies helped us in the past? (Nguyen Tri)

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How had biotech companies helped us in the past? (Nguyen Tri)

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How has biotech companies helped us in the past and now?

-Smallpox’s vaccines was manufactured by a biotech company called Lancaster county vaccine farm

-American Gene technologies is trying to make a vaccine for the liver cancer

-REGENXBIO company have made a vaccine for metabolic disease.

-And much more companies have made breakthrough in creating vaccines and cures for deadly diseases in the past.

Source: (biobuzz.io, 2021), (pfizer.com, 2021)

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More about the Corona outbreak and how Biotech companies contribute to solving the problem! (Minh Tiep)

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More about the Corona outbreak and how Biotech companies contribute to solving the problem! (Minh Tiep)

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Worldwide, 219M have caught the disease and 4.55M people died.

The Covid pandemic has made a huge strain on the world and it had caused the stock market crash of 2021. It had destroyed the economy, raised the unemployment rate and kill the income household, and much more. (according to Nguyen Tri)

So a biotech company called Johnson & Johnson created a vaccine to solve Covid-19!  Based on the information provided by the manufacturer, Johnson & Johnson's vaccine, or Ad26.COV2.S has been shown to be 66.9% effective which is enough to be widely used.

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What is the disease that we need to deal with? (Tien Tuong)

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What is the disease that we need to deal with? (Tien Tuong)

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There are many diseases we need to deal with right now with Covid-19 being a huge and dangerous pandemic. There are also many more minor diseases such as heart disease, cancer, diabetes, stroke,... (according to medicalnewstoday.com)

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A biotech company is a company that uses live organisms such as bacteria or enzymes to create and manufacture drugs. (According to pmlive.com)