Small C.... today. Australian biotech sector tipped for strong growth
Recent studies have highlighted the significant potential the Australian biotech industry has ahead of it.International research firm KPMG recently forecast Australia could generate over $15 billion in exports to the United States and create 34,000 high-skilled jobs by accelerating US-Australia biotechnology collaboration.Australia’s $1.2b biotech industry currently ranks fifth in the world in terms of research and innovation.Meanwhile, IBIS World says the biotechnology market size in Australia has grown at a compound annual growth rate of 2.4% over the past five years.
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