Nj's Biotech Industry Grows and Matures
New Jersey Business › Vol. 54 Nbr. 8, August 2008
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Summary
Among the highlights, the survey reported: the number of companies operating in the state increased to 238 in 2008 from 226 in 2006, despite a trend toward mergers and acquisitions; the number of employees working at public companies at the end of 2007 was estimated at 6,155, representing an increase of 5 percent over the 2005 level of 5,824 employees; 86 percent of the surveyed companies expect to hire, on average, an additional 20 employees in the next 12 months; research and development expenditures at public companies in 2007 were $1.2 billion compared to the $737 million spent in 2005; and funding for early-stage research remains an issue because it is still difficult to obtain industry-wide.
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Extract
Nj's Biotech Industry Grows and Matures
New Jersey's biotechnology industry continued to both grow and mature in 2007, according to the survey "New Jersey L...
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