Customers of Cerevel Therapeutics Holdings Inc saw their costs of revenue decrease by -8.85 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -6.29 %, for the same period Cerevel Therapeutics Holdings Inc
Cerevel Therapeutics Holdings Inc's Comment on Sales, Marketing and Customers
Across the world, growers are facing increasing demand for food, feed, fiber and
fuel. This increasing demand is being primarily driven by an expanding middle
class in certain regions. As global demand for agricultural outputs rises, a concurrent
trend toward urbanization is causing a large reduction in the amount of arable
land per capita available. The FAOSTAT data shows that the ratio of arable land
to population steadily declined by over 50% from 1962 to 2012. Faced with increasing
demand and limited supply in addition to stresses from climate variability and
competition for water resources, growers are seeking to improve crop productivity
through a number of technologies.
Livestock Feed and Forage
Due to increased global consumption of meat and dairy products, demand for forage
feed and hay is expected to continue to increase. In the U.S., forage crops collectively
represent the third largest crop by acreage. According to the USDA’s Economic
Research Service there were approximately 57 million acres of hay harvested for
livestock feed and forage in 2014. While exact production estimates worldwide
are difficult to obtain, based on public reports, we estimate that approximately
119 million acres of alfalfa, silage corn and forage sorghum are planted globally
each year. The market that we believe can be targeted by our improved forage sorghum
hybrids and traits consists of approximately 2 million acres of forage sorghum
and approximately 7 million acres of silage corn in the U.S. as well as approximately
40 million acres of silage corn produced internationally. We believe that growers
of forage crops, including vertically integrated businesses such as dairies, will
need to seek improved sources of forage as well as utilize more marginal quality
cropland, or cropland with limited water availability, to meet their feedstock
requirements. To maximize milk and meat production, dairies and livestock producers
frequently supplement rations of grasses with other crops and nutritional sources.
We believe that a single crop plant with improved forage quality can provide a
preferable solution.
Sugar
According to FAOSTAT, sugarcane is cultivated on approximately 65 million acres
worldwide, including approximately 25 million acres in Brazil, 1 million acres
in Colombia and 1 million acres in the U.S., all of which are initial target markets
for our traits. Based on favorable greenhouse and initial field results, we believe
that a number of our biotech traits could provide significant benefits to sugarcane
production, such as higher juice and sugar yields, accelerated growth and greater
resilience to drought and other stress conditions. Biotech solutions are particularly
attractive in sugarcane since improvements through plant breeding have been cumbersome
and slow compared to other crops.
Row Crops
Approximately 448 million acres of biotechnology crops were planted globally in
2014, according to a January 2015 report published by the International Service
for the Acquisition of Agri-Biotech Applications. The global market value of biotechnology
crop seeds was approximately $15.7 billion, according to the same report. In the
United States, we estimate, based on the price differential between conventional
seed varieties and similar varieties with a trait, that retail premiums for traits
and stacked trait combinations in food, feed and fiber crops range from approximately
$10 to $50 per acre, depending on crop and geography. We estimate that the value
created by traits is typically shared between seed companies and growers at a
ratio ranging from approximately 30/70 to 60/40, respectively. As people in many
countries become more affluent, they tend to consume more of their dietary protein
in the form of meat and dairy products, driving the demand for animal feed grains
and forage higher. Therefore, greater production of food, feed, and fiber will
require higher crop productivity levels among all crops over time. In order to
continue the productivity gains made in many crops over the past 75 years, and
to do so in a more sustainable manner, we believe that advanced breeding methods,
and biotech traits, in particular, will be required to produce higher performance
crops that make more productive use of cultivated land, as well as to develop
more robust, stress-tolerant crops that can grow under more difficult conditions
and on marginal land. Our belief is consistent with historical yield improvements
achieved via plant breeding and the adoption of agricultural biotechnology.
Genomics and Bioinformatics Technologies
Based on a 2014 report by the National Science Board, we estimate that the current
market for Persephone consists of approximately 100,000 life science researchers
who routinely access and utilize genetic and genomic information for research
purposes and discovery. We believe that Persephone has immediate application in
multiple scientific and medical fields that utilize genetic information, with
a natural extension into clinical and diagnostic settings and additional potential
end users in professional and consumer markets. Bioinformatics involves the development
and storage methods that help in the organizing, analyzing, and retrieving of
biological information. Today, a genome can be sequenced in a few hours for several
thousand dollars — a task that took 13 years and $2.7 billion to accomplish
during the Human Genome Project. Gathering genetic data is no longer a bottleneck
for scientific researchers; however, a major hurdle remains in the efficient organization,
analysis, and interpretation of the data. We expect that the low cost and widespread
application of DNA sequencing and genetic testing in both plant and medical research
will require improved tools, like our Persephone bioinformatics platform, to visualize,
explore and mine genetic data. Based on internal performance metrics, and those
reported by our current collaborators, we believe that our Persephone software
offers a number of competitive performance advantages and has applications across
a number of life science technology platforms that utilize genomics data.
Cerevel Therapeutics Holdings Inc’s Comment on Sales, Marketing and Customers
Across the world, growers are facing increasing demand for food, feed, fiber and
fuel. This increasing demand is being primarily driven by an expanding middle
class in certain regions. As global demand for agricultural outputs rises, a concurrent
trend toward urbanization is causing a large reduction in the amount of arable
land per capita available. The FAOSTAT data shows that the ratio of arable land
to population steadily declined by over 50% from 1962 to 2012. Faced with increasing
demand and limited supply in addition to stresses from climate variability and
competition for water resources, growers are seeking to improve crop productivity
through a number of technologies.
Livestock Feed and Forage
Due to increased global consumption of meat and dairy products, demand for forage
feed and hay is expected to continue to increase. In the U.S., forage crops collectively
represent the third largest crop by acreage. According to the USDA’s Economic
Research Service there were approximately 57 million acres of hay harvested for
livestock feed and forage in 2014. While exact production estimates worldwide
are difficult to obtain, based on public reports, we estimate that approximately
119 million acres of alfalfa, silage corn and forage sorghum are planted globally
each year. The market that we believe can be targeted by our improved forage sorghum
hybrids and traits consists of approximately 2 million acres of forage sorghum
and approximately 7 million acres of silage corn in the U.S. as well as approximately
40 million acres of silage corn produced internationally. We believe that growers
of forage crops, including vertically integrated businesses such as dairies, will
need to seek improved sources of forage as well as utilize more marginal quality
cropland, or cropland with limited water availability, to meet their feedstock
requirements. To maximize milk and meat production, dairies and livestock producers
frequently supplement rations of grasses with other crops and nutritional sources.
We believe that a single crop plant with improved forage quality can provide a
preferable solution.
Sugar
According to FAOSTAT, sugarcane is cultivated on approximately 65 million acres
worldwide, including approximately 25 million acres in Brazil, 1 million acres
in Colombia and 1 million acres in the U.S., all of which are initial target markets
for our traits. Based on favorable greenhouse and initial field results, we believe
that a number of our biotech traits could provide significant benefits to sugarcane
production, such as higher juice and sugar yields, accelerated growth and greater
resilience to drought and other stress conditions. Biotech solutions are particularly
attractive in sugarcane since improvements through plant breeding have been cumbersome
and slow compared to other crops.
Row Crops
Approximately 448 million acres of biotechnology crops were planted globally in
2014, according to a January 2015 report published by the International Service
for the Acquisition of Agri-Biotech Applications. The global market value of biotechnology
crop seeds was approximately $15.7 billion, according to the same report. In the
United States, we estimate, based on the price differential between conventional
seed varieties and similar varieties with a trait, that retail premiums for traits
and stacked trait combinations in food, feed and fiber crops range from approximately
$10 to $50 per acre, depending on crop and geography. We estimate that the value
created by traits is typically shared between seed companies and growers at a
ratio ranging from approximately 30/70 to 60/40, respectively. As people in many
countries become more affluent, they tend to consume more of their dietary protein
in the form of meat and dairy products, driving the demand for animal feed grains
and forage higher. Therefore, greater production of food, feed, and fiber will
require higher crop productivity levels among all crops over time. In order to
continue the productivity gains made in many crops over the past 75 years, and
to do so in a more sustainable manner, we believe that advanced breeding methods,
and biotech traits, in particular, will be required to produce higher performance
crops that make more productive use of cultivated land, as well as to develop
more robust, stress-tolerant crops that can grow under more difficult conditions
and on marginal land. Our belief is consistent with historical yield improvements
achieved via plant breeding and the adoption of agricultural biotechnology.
Genomics and Bioinformatics Technologies
Based on a 2014 report by the National Science Board, we estimate that the current
market for Persephone consists of approximately 100,000 life science researchers
who routinely access and utilize genetic and genomic information for research
purposes and discovery. We believe that Persephone has immediate application in
multiple scientific and medical fields that utilize genetic information, with
a natural extension into clinical and diagnostic settings and additional potential
end users in professional and consumer markets. Bioinformatics involves the development
and storage methods that help in the organizing, analyzing, and retrieving of
biological information. Today, a genome can be sequenced in a few hours for several
thousand dollars — a task that took 13 years and $2.7 billion to accomplish
during the Human Genome Project. Gathering genetic data is no longer a bottleneck
for scientific researchers; however, a major hurdle remains in the efficient organization,
analysis, and interpretation of the data. We expect that the low cost and widespread
application of DNA sequencing and genetic testing in both plant and medical research
will require improved tools, like our Persephone bioinformatics platform, to visualize,
explore and mine genetic data. Based on internal performance metrics, and those
reported by our current collaborators, we believe that our Persephone software
offers a number of competitive performance advantages and has applications across
a number of life science technology platforms that utilize genomics data.
Sources:
Cerevel Therapeutics Holdings Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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