Too Long; Didn't Read
Yuri Filipchuk, partner at CYFRD investment company, discusses nature of the biotech industry. The modern biotech industry was born in 1973. Agriculture and industry are now considered the most promising industries. In the next five years, they are expected to be worth $36.4 billion and $274 billion respectively. Investment in biotech grew from $5.2 billion in 2013 to $85 billion in 2018, an increase during five-year period. The average amount of funds raised has also increased from $20 million to $5 billion in five years.