Navigation Links
Indiana's $44 Billion Life Sciences Industry Packs a Powerful Punch
Date:6/23/2011

INDIANAPOLIS, June 23, 2011 /PRNewswire/ -- A rapidly growing life sciences industry has a $44 billion total impact on Indiana's economy, according to a comprehensive new report released today by BioCrossroads.  The report, Indiana's Life Sciences Industry: 2002-2010—Tracking Progress and Charting the Course for Continued Success, authored by Walter H. Plosila, Ph.D., and based on data gathered by the Indiana Business Resource Center at the Indiana University Kelley School of Business, illustrates a decade of substantial growth and measurable progress across a wide range of nationally significant indicators.

For example, the report notes that by 2009, Indiana's life sciences exports totaled $7.4 billion, ranking the third highest in the United States, behind only California and Texas.  The state has the third highest life sciences employment concentration* nationally, and has seen a 21% increase in life sciences employment, adding more than 8,800 new jobs to the industry since 2002. More than 50,000 workers at 825 companies comprise four life sciences sub-sectors: medical devices and equipment, drugs and pharmaceuticals, research, testing and medical laboratories, and agricultural feedstock and chemicals.  Indiana's health information technology sector contributes an additional 2,500 workers and 72 companies.

The report also highlights the progress of Indiana's life sciences companies in discovering and commercializing thousands of new products over the past decade.  There were 2,226 U.S. Food and Drug Administration filings between 2005 and 2010 – the Hoosier state had the ninth highest number of 510(k) applications with 1,821 and the 11th highest number of Premarket Approval applications with 405.

"There are three key components to having a thriving innovation cluster:  the sector must be based on real assets, must draw substantial corporate and philanthropic investment, and must be sustained by t
'/>"/>

SOURCE BioCrossroads
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. Parenteral Depots Offer $8 Billion of Reformulation Opportunities and a Strong Competitive Edge in Crowded Pharmaceutical Space
2. DuPont to Acquire Danisco for $6.3 Billion
3. Martek Is Second Mtech Company Sold for More Than $1 Billion in Three Years
4. Stryker Announces Definitive Agreement to Acquire the Neurovascular Division of Boston Scientific for $1.5 Billion
5. Combined Sales of Seven Emerging Therapies for Breast Cancer, Including Drugs From Sanofi-Aventis and AstraZeneca, Will Total Nearly $5 Billion by 2019
6. HumanTouch Expands Services to the Centers for Disease Control and Prevention as a Prime Contract Holder as Part of $1.0 Billion Contract
7. Due to Generic Erosion, the Hypertension Drug Market Will Decline by $3 Billion from 2009 to 2019
8. Immune Biosimilars Will Erode $10.8 Billion in Immune Biologics Brand Sales in 2019 Across the U.S., EU5 and Japan
9. Regenerative Medicine Market Expected to Reach $4.5 Billion by 2014
10. MarketsandMarkets: Global Bioinformatics Market Worth $8.3 billion by 2014
11. Details Issued Today on $1 Billion in Biotech Tax Credits and Grants
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/17/2014)... (PRWEB) December 17, 2014 Gene ... that it has entered into a technology access ... (ADM) to apply DNA2.0’s proprietary protein engineering technology, ... process. , “We are extremely excited that the ... platform. This proprietary bioengineering technology has now ...
(Date:12/17/2014)... SOUTH SAN FRANCISCO, Calif. , Dec. 17, ... positive results of a Phase 2 study evaluating ... for the treatment of patients with severe, chronic ... the current standard of care, including topical steroids ... endpoint was percent change in Visual Analog Scale ...
(Date:12/15/2014)...  GlassesOff Inc. (OTCBB: GLSO) announced today the appointment ... director of the Company,s Board of Directors. ... its CEO until its acquisition by Stanley Black ... Recognized as the inventor of the first Wi-Fi-based Active ... -based RFID solutions focused on improving operational efficiency, safety ...
(Date:12/13/2014)... (PRWEB) December 12, 2014 Clarassance, a ... announced its new name: Therabron Therapeutics , Inc. ... and bronchioles (a type of structure in the lungs ... company’s mission to develop novel protein therapeutics for the ... directors decided to change the name to mark the ...
Breaking Biology Technology:ADM and DNA2.0 Enter Into Protein Engineering Technology Access and Service Agreement 2Velocity Pharmaceutical Development, LLC and Tigercat Pharma, Inc. Announce Phase 2 Results for VPD-737 in Patients With Chronic Pruritus 2Velocity Pharmaceutical Development, LLC and Tigercat Pharma, Inc. Announce Phase 2 Results for VPD-737 in Patients With Chronic Pruritus 3Velocity Pharmaceutical Development, LLC and Tigercat Pharma, Inc. Announce Phase 2 Results for VPD-737 in Patients With Chronic Pruritus 4AeroScout Founder Joins GlassesOff's Board of Directors 2AeroScout Founder Joins GlassesOff's Board of Directors 3Maryland-based Biotech Company's Path Forward in Treating Respiratory Diseases Sparks Name Change 2
... announced today that it intends to begin manufacturing in ... approximately 106,000,square feet in the Binjiang Hi-Tech Park located ... serve global customers with regional,decision centers in the greater ... lowest total cost value proposition. This location,will be the ...
... in the filter industry? Are you an investment analyst ... a filter company looking to gain an edge in ... filter and filtration markets. On September 23-25, 2008 at ... American Filtration and Separations Society (AFS) will be holding ...
... they recently discovered a catalyst that produces oxygen gas ... $20 million award from the National Science Foundation (NSF), ... (CBC) project, called "Powering the Planet," will increase the ... efficiently and economically converting solar energy and water into ...
Cached Biology Technology:Plexus Announces Expansion in Hangzhou, China 2Plexus Announces Expansion in Hangzhou, China 3Filter Markets - Discover the Growth Segments 2Filter Markets - Discover the Growth Segments 3Understanding the science of solar-based energy: more researchers are better than one 2
(Date:12/5/2014)... -- Tute Genomics, a leader in cloud-based solutions for genome ... led by UK-based Eurovestech. Peak Ventures and a number ... "We are at a pivotal time in ... seeks new approaches for the diagnosis, treatment and prevention ... and CEO of Tute Genomics. "One of the main ...
(Date:12/3/2014)... , Dec. 2, 2014   Marvin Test ... innovative test solutions for military, aerospace, and manufacturing ... of its successful TS-900 PXI semiconductor test ... features of high-end systems to customers at a ... compared to traditional ATE. "Our ...
(Date:11/21/2014)... 18, 2014 According to a ... Systems (Video, RFID, Access Control, Intrusion Detection, Parking Management, ... Government), Component Service Geography - Global Forecasts to 2020", ... projected to be around $25 Billion in 2014 and ... at a CAGR of 8.69%. Browse 116 ...
Breaking Biology News(10 mins):Tute Genomics Raises $2.3 Million to Scale Up Cloud-Based Genome Analytics and Accelerate Personalized Medicine 2Tute Genomics Raises $2.3 Million to Scale Up Cloud-Based Genome Analytics and Accelerate Personalized Medicine 3Marvin Test Solutions Brings New Capabilities to PXI-Based Semiconductor Test with TS-960 2Marvin Test Solutions Brings New Capabilities to PXI-Based Semiconductor Test with TS-960 3Industrial Security Systems Market Worth $38 Billion by 2020 2Industrial Security Systems Market Worth $38 Billion by 2020 3
... effective tool for both the identification of known species and ... barcoding is based on the fact that just a small ... is less variation between the individuals of one species than ... barcode sequences one can establish whether these belong to one ...
... proposal to discontinue protection for the gray wolf across ... endangering other species, researchers say. As written, scientists ... the U.S. Fish and Wildlife Service (FWS) to declare ... exists on the land the exact opposite of ...
... European Caucasian patients with sporadic amyotrophic lateral sclerosis ... Tau (MAPT) gene was significantly associated with sporadic ... a different population, Daojun Hong and colleagues from ... MAPT gene with sporadic amyotrophic lateral sclerosis in ...
Cached Biology News:Museum bird DNA 'ready for use' in Naturalis Biodiversity Center 2Plan to delist gray wolf endangers other threatened species, researchers find 2Plan to delist gray wolf endangers other threatened species, researchers find 3
...
... MMPs are a group of enzymes ... members of matrix metalloproteinase family ten exist ... integral membrane proteins. MT1-MMP, MT2-MMP, MT3-MMP also ... a C-terminal transmembrane domain anchoring them to ...
...
... Tube Disperser System from IKA Works is the ... cleaner, safer, and more efficient way to disperse ... 2 to 15 ml inside sealed tubes. Depending ... of 4 different tube types. Each tube is ...
Biology Products: