Intrexon CEO: Consumer market is key to biotech growth

09/18/2013 | American City Business Journals

Biotech firms should think beyond health care and start expanding to consumer applications for the industry to achieve its potential, Intrexon Chairman and CEO Randal J. Kirk said during a keynote speech at the BioFlorida conference. Kirk urged biotech firms to work on an industrial scale. "Biotech has a reverse footprint on the world. You should think beyond health care because if you want to know where the rapid growth in biotech is going to occur, it's going to be, in my opinion, highest in consumer, second highest in industrial, third highest in agriculture and then therapeutics," Kirk said.

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