Navigation Links
Coalition of Business, Labor, Academia and Bioscience Groups to Promote Medical Innovation, Spark Economic Growth
Date:3/31/2009

University of Delaware Study Demonstrates Economic Impact of Biopharmaceutical and Related Sectors

WILMINGTON, Del., March 31 /PRNewswire-USNewswire/ -- Members of Delaware's business, labor, academic and health care groups today introduced "We Work for Health" (WWFH) of Delaware, a unique network of partners dedicated to protecting and fostering medical research and innovation in Delaware - and throughout America - at launches held at the Wilmington Hospital Conference Center and on the east steps of Legislative Hall in Dover.

The United States and Delaware in particular has been a worldwide leader in medical innovation and scientific discovery, and this is especially true of the state of Delaware. Medical innovation is a critical element of our state's and nation's economy.

"New advancements in medicine, improved health status, countless jobs and steady economic growth have all resulted from continued efforts to further medical innovation," said Delaware WWFH co-chair Bob Dayton, President of Delaware Bioscience Association.

"Delaware medical innovators create thousands of high-paying jobs, and their discoveries are integral in the fight to cure cancer and other illnesses," said Delaware WWFH co-chair Robert J. Laskowski, M.D., Christiana Care Health System, President & CEO.

The important economic impact of the Biopharmaceutical and related sectors on the state is detailed in a new study conducted by the University of Delaware's Center for Applied Demography & Survey Research. The full study can be viewed at www.cadsr.udel.edu.

"While Delaware is small, the biopharmaceutical industry's share of Delaware's jobs and wages is the 6th largest in the United States," said study co-author Simon Condliffe, Center for Applied Demography and Survey Research, University of Delaware. "The overall outlook for this industry, both locally and nationally, is positive, and employment is expected to grow steadily over the next twenty years."

Among the study's findings:

  • In 2008, nearly 12,000 people were employed by the industry.
  • Industry activities generate an additional 16,000 jobs annually in addition to the 12,000 employed directly by the industry.
  • Aggregate industry wages approach $1.6 billion, with an estimated $74 million in state income taxes paid.
  • Annual wages in the industry ($132,000) are significantly higher than in all other industries in Delaware; this marks a rapid rise in those wages.
  • The biopharmaceutical industry is clearly export-based, which has a significant positive impact on the entire economy.
  • In spite of its small size, Delaware ranks 20th over the past five years in the number of biopharmaceutical patents. However, if this is adjusted for the size of the state, Delaware ranks 3rd behind Connecticut and Massachusetts.
  • Collectively, Delaware's biopharmaceutical industry generates $4.5 billion in sales annually - and continues to grow.
  • The direct and indirect impact of the industry generate $4 billion in gross state product (6.8% of total GSP) and $2 billion in personal income (5.6% of total PI) annually.
  • The industry pays an estimated $9.5 million in corporate income taxes, $7.5 million in property taxes, $435 million in employee benefits, and $66 million in corporate charitable contributions, and their employees contribute another $47 million annually.

Co-Chairs for WWFH Delaware:

Bob Dayton

Delaware BioScience Association, President

Delaware Valley Innovation Network (DVIN), Executive Committee

Robert J. Laskowski, M.D.

Christiana Care Health System, President & CEO

Sam Lathem

Delaware AFL-CIO, President

Miguel McInnis, MPH

Mid-Atlantic Association of Community Health Centers, Chief Executive Officer

Dennis Rochford

Delaware Health Care Commission

WWFH of Delaware has partners across the state including:

  • ABS, Inc.
  • AFL-CIO Delaware
  • Agilent Technologies
  • American Cancer Society - Delmarva Region
  • American Diabetes Association, Delaware Chapter
  • American Federation of State, County and Municipal Employees (AFSCME) - Local # 1607 and # 640
  • American Postal Workers Union (APWU) - Southern Delaware Area
  • ANP Technologies
  • Asbestos Workers - Local #42
  • AstraZeneca
  • Building & Construction Trades Council of Delaware AFL-CIO
  • Christiana Care Health System
  • Delaware BioScience Association
  • Delaware Biotechnology Institute
  • Delaware Ecumenical Council on Children & Families
  • Delaware HIV Consortium
  • Delaware Pharmacists Society
  • Delaware Technology Park
  • Delmarva Rural Ministries
  • Epilepsy Foundation of Delaware
  • H & S Enterprise, Inc.
  • Henrietta Johnson Medical Center
  • Hologic
  • iBiopharma, Inc
  • Incyte Corporation
  • Integrated Social Solutions
  • International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers (Iron Workers)
  • International Brotherhood of Electrical Workers (IBEW) - 31238
  • International Union of Bricklayers and Allied Craftworkers (BAC) - Local #1
  • International Union of Operating Engineers (IUOE) - Local 542
  • Isogen LLC
  • Juvenile Diabetes Research Foundation (JDRF)
  • Laborers' International Union of North America - Local 1029
  • Mid-Atlantic Association of Community Health Centers
  • National Association of Letter Carriers (NALC)
  • New Castle County Chamber of Commerce
  • New Castle County Economic Development Council
  • SL Pharma Labs, Inc.
  • United Association of Plumbers and Pipefitters - Local 74
  • United Automobile, Aerospace & Agricultural Implement Workers of America International Union (UAW) - Local # 435 and # 1183
  • United Food & Commercial Workers (UFCW) - Local #27
  • United Steelworkers of America (USWA)
  • United Way of Delaware
  • University of Delaware
  • Westside Family Healthcare

    CONTACT: Dan Ronayne
    202-870-4902



'/>"/>
SOURCE We Work for Health of Delaware
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Coalition for 21st Century Medicine Endorses Patient Access to Critical Lab Tests Act
2. Business, Labor, Academia and Bioscience Groups to Launch New Coalition to Promote Medical Innovation and Spark Economic Growth
3. Anthem Blue Cross and Blue Shield, Eli Lilly and Company Establish Coalition to Help Improve the Health of Indiana Residents with Diabetes
4. Coalition to Protect Senior Care Applauds Senate Finance Health Subcommittee Hearing on Long Term Care Improvement as Part of Broad Health Care Reform
5. MARC Coalition Welcomes CMS Extension of MSP Reporting Requirements and Clarification of Reporting Thresholds
6. Broad Coalition Offers Plan to Improve Health Care Quality and Affordability
7. Young Survival Coalition and Living Beyond Breast Cancer Announce Support for Rep. Wasserman Schultzs The Early Act
8. Coalition to Protect Senior Care Urges House Ways and Means Panel to Reject MedPAC Recommendations on SNF Medicare Funding
9. MMR Information Systems Offers First Bilingual Personal Health Record Through The Latino Coalition
10. Tony Coelho is Named New Chair of Coalition for Comparative Effectiveness Research
11. The Coalition for Ethical Imaging Announces Support for Diagnostic Imaging Bills Introduced in Texas Legislature
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/7/2016)... ... ... A quote from Dr. Edward Hallowell, host of CRN International’s “Distraction” podcast ... glimpse into the mind of those people with ADHD. , Dr. Hallowell, a child ... people with ADHD as having “Ferrari engines for a brain, with bicycle brakes.” , ...
(Date:12/7/2016)... ... December 07, 2016 , ... The Cliff ... located in South Lyon, Dewitt, Williamston, East Lansing, Ann Arbor, and Farmington Hills, ... treatment for a brain tumor. , Jason Bauer and his family are longtime ...
(Date:12/7/2016)... ... December 07, 2016 , ... A. Kevin Spann Insurance, a New York-based firm ... Boroughs, is launching a charity drive to raise funds that will benefit the Marine ... of marines and Navy FMF Corpsmen. Working closely with the MCL, the A. Kevin ...
(Date:12/7/2016)... ... December 07, 2016 , ... Delete® - Tattoo Removal and Laser Salon Offers ... Season. Save Up To 33% Off Botox® and Juvederm® Products Now Through December 31, ... with Delightful Deals on Botox® and Juvederm® just in time for the ...
(Date:12/7/2016)... ... December 07, 2016 , ... ... BOC Business Brilliance Awards under the Best New Product Launch category. Gensuite’s entry ... through user experience. , BOC Global Events & Training Group is a professional ...
Breaking Medicine News(10 mins):
(Date:12/7/2016)... -- According to responses from U.S. oncologists that participated in ... with non-small cell lung cancer (NSCLC), treatment decisions are made ... status. The findings of the survey were presented today as ... ) at the 2016 World Conference on Lung Cancer (WCLC) ... survey results revealed an overall high rate of EGFR mutation ...
(Date:12/7/2016)... ALTO, Calif. , Dec. 7, 2016  Varian ... an update to its previously announced plans to separate ... be executed via a tax-free distribution to Varian stockholders ... stand-alone public company that will hold the Imaging Components ... expected to be executed by the end of January ...
(Date:12/7/2016)... , Dec. 7, 2016 Boehringer ... trial in patients with unresectable malignant pleural mesothelioma ... (PFS). The data, presented at the 17 th ... Vienna , showed nintedanib plus ... placebo plus pemetrexed/cisplatin, with a significantly improved PFS ...
Breaking Medicine Technology: