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Biopharmaceutical companies spend nearly $8B in Pennsylvania - Pennsylvania Business Report

Pennsylvania Business Report
Biopharmaceutical companies spend nearly $8B in Pennsylvania
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According to We Work for Health Pennsylvania, the state’s 16 biopharmaceutical companies spent $7.9 billion in the state in 2018 and employed 253,876 Pennsylvanians, while supporting 7,294 vendors and suppliers.
The organization examined the companies for total expenditures paid to U.S vendors and their business relationships with vendors.
At the turn of the century, the life sciences industry in Pennsylvania centered on large, campus-style pharmaceutical companies. Today, the industry includes startup biotech companies, medical device companies, and contract service organizations that established research and manufacturing operations in traditional flex buildings.
These companies’ investments in research and medical innovation can lead to breakthrough cures and treatments and prevention against drug-resistant superbugs. ....

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New data shows robust biopharmaceutical industry in Pennsylvania

New data shows robust biopharmaceutical industry in Pennsylvania
Commitment to investment and scientific innovation in the state brings economic and health benefits globally
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PHILADELPHIA, Feb. 18, 2021 /PRNewswire/ Today, We Work for Health Pennsylvania is proud to share the latest economic data from our state s vendors, demonstrating the positive impact the biopharmaceutical industry has had on the U.S. economy. The economic footprint of the biopharmaceutical industry can be measured not only by the traditional indicators of employment and output but also in part by its impact on the vendors, large and small, that provide services or supplies to America s biopharmaceutical research companies. ....

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New data shows robust biopharmaceutical industry in Pennsylvania

New data shows robust biopharmaceutical industry in Pennsylvania
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