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Science, the State, and the CityBritain's Struggle to Succeed in Biotechnology$
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Geoffrey Owen and Michael M. Hopkins

Print publication date: 2016

Print ISBN-13: 9780198728009

Published to Oxford Scholarship Online: May 2016

DOI: 10.1093/acprof:oso/9780198728009.001.0001

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The Persistence of Industrial Leadership

The Persistence of Industrial Leadership

Chapter:
(p.219) 9 The Persistence of Industrial Leadership
Source:
Science, the State, and the City
Author(s):

Geoffrey Owen

Michael M. Hopkins

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198728009.003.0009

This concluding chapter of the book summarises the evidence of prior chapters, showing why the US lead in biotechnology was difficult for the UK and other countries to follow. The US lead in recombinant DNA technology, is contrasted with the more difficult technical challenges faced by UK pioneers in monoclonal antibodies, and the subsequent focus of the UK sector on more established chemistry-based drug discovery approaches, rather than new biotechnologies. The head start the US has enjoyed, both in technology and institutional readiness, is further complemented by the huge scale in the US of federal support and investor support for high-tech firms. While the UK and other countries will continue to struggle to match these advantages, the development of more US-like institutions are expected to put the UK in a position where imitation of US-style biotech firms is now more realistic than in the past.

Keywords:   innovation ecosystem, industrial policy, UK, US, industrial leadership

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