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Indiana's life sciences industry contributes $62 billion to state's economy

Staff writer ▼ | February 17, 2016
Life sciences industry contributed to a $62 billion economic impact for Indiana, according to data provided to BioCrossroads by the Indiana Business Research Center (IBRC) at Indiana University.
Indiana life sciences
Impact   Nearly 1,700 life sciences companies throughout Indiana
Indiana companies and universities were granted 1,211 patents for life sciences innovations.
As the IBRC data make clear, Indiana maintained its status as the second largest exporter of life sciences products in the U.S. with $9.9 billion2 worth of products, nearly one-third of Indiana's total exports.

Indiana's life sciences sector is a national leader with 56,582 people working in the industry at nearly 1,700 companies throughout the state in the areas of drugs and pharmaceuticals, medical devices and equipment, agricultural chemicals and feedstock, medical, research and testing laboratories and biologistics.

New discoveries and products are being developed at those companies and research universities.

Indiana companies and universities were granted 1,211 patents for life sciences-related innovations, and 83 new products were approved by the U.S. Food and Drug Administration in 2015.


 

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