A Focus on Biotechnology for 2020
According to the Biotechnology Innovation Organization (BIO), he United States is home to 2,946 biotechnology companies, with a total revenue of almost $115 billion and over 800,000 employees. The industry has not had a down year in over five years, and has averaged revenue growth of 2.3 percent per year. The biopharma segment within the industry is seeing some of the most significant expansion, growing with a compound annual growth rate (CAGR) of nearly nine percent. more....