jeremy levin, explain what encompasses the biotech industry. how many companies are we talking about and what's the difference between biotech and big pharma . >> that's a great question. biotech industry was formulated in the united states. it started it. it essentially was the industry which was unpacking the biology of cells and understanding how those biology cells could be used to make new medicines, a little different from what pharma was an pharma in the past was essentially trying out medicines on animals and seeing if they work and then put them into a human being a clinical trial process once we understood how the genes work, once we knew how to manipulate those jeans, a whole new ability to transform what we knew about cells into medicines came into being. this was areal revolution , and about in the 70s and walked through to the 80s and then now today there are approximately a couple thousand companies, about 700 of whom are members of bio, many are private. they are now much smaller industries in the europe and in asia and actually

jeremy levin is the chairman of the innovation organization. it encompasses the tech industry. >> biotech industry was mutilated, unpacking the biology of cells and understanding how the biology of those cells make new mentions. a little different than pharma was, on animals and see if they worked and put them into a human being through a clinical trial, once we understood how to manipulate the genes, a new ability to know about cells until medicine came into being. and now today there are approximately 700 members, privates -- much smaller industries in europe and asia and actually companies that are tiny and represent no more than the big companies in terms of numbers employed generating 70% of all the medicine. what is the difference? real simple. in the biotechnology industry there is an absolute focus on patient and innovation, new ways of delivering medicine. it is the stocks of these companies. it is a different structure. insurance companies are huge, they are very substantial. the way they are financed, they are is financed by insuranc

jeremy levin is chairman of the biotechnology innovation avinization, ceo as well of d therapeutics. what encompasses the biotech industry? how many companies are we talking about? what is the difference between biotech and big pharma? guest: that is it great question -- that is a great question. the biotech industry was formulated in the united states. it was an industry that was unpacking the biology of cells, understanding how the biology of these cells could be used to made new medicine -- to make new medicines. pharma in the past was essentially trying out medicines on animals to see if they worked and then put them into a human being through a clinical trial process. once we understood how the genes worked, how to manipulate those genes, a whole new ability to transform what we knew about cells into medicine came into being. this is a real revolution. it started in the 1970's, walked through the 1980's and now today. there are approximately a couple thousand companies, about 700 of whom are members of bio. many others are private. there are smaller industries in and these in as

lit dr.m going to jeremy levin jump -- i'm going to let dr. jeremy levin jump in.: it is an honor to speak to you and i hear the passion in your voice. i am a doctor. i was came to america, delighted to become an immigrant. bring, devote myself to my patients in this country. that is what i love and i now have the great privilege of doing that for a period of upwards now close to 30 years. in reality is, my first year washington, d.c., i saw a man die outside of my home. that is just unacceptable, in this country. we are the greatest nation in the world. that we have tens of millions of people who do not have adequate medical coverage is not acceptable. it is foolish, actually. you weaken the nation by doing that. you drain our resources by doing that. health is one of the pillars of a democratic nation. there is no doubt in my mind of that. in addition to the armed forces, in addition to a fiscal system that helps support us, health and education are the three pillars that defend us and democracy. i believe that there are countries which have really had the broad

jeremy levin, explain what encompasses the biotech industry. how many companies are we talking about and what's the difference between biotech and big pharma . >> that's a great question. biotech industry was formulated in the united states.

jeremy levin. watch c-span's washington journal live at 7:00 monday morning. call, leave facebook comments, text messages, and tweets. the house appropriations committee debates 2021 levels for energy. education, and health and human services. life coverage begins monday at 1:00 p.m. eastern on c-span. coverage against monday at 1:00 p.m. eastern on c-span -- begins monday at 1:00 p.m. eastern on c-span. >> the national institute of allergy and infectious diseases director dr. anthony fauci has suggested states with rising covid-19 cases should pause reopening efforts. during a health care summit hosted by "the hill," he talked about lessons learned, vaccines and schools reopening in the fall. steve: hello and welcome. i'm steve clemons, editor at large at "the hill." i will take this off, but i wanted to send the message that we believe in mask wearing. we are delighted to have you join us for our summit this year. our collective health is at stake as we worked furiously to quell a global pandemic that has taken more than 500,000 lives globally. the coronavir

jeremy levin is chairman of the biotechnology innovation avinization, ceo as well of d therapeutics. what encompasses the biotech industry? how many companies are we talking about? what is the difference between biotech and big pharma? guest: that is it great question -- that is a great question.