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Congressman Higgins Discusses Economic Impact of Biopharmaceutical Research Industry on WNY & NYS
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Congressman Higgins joined the Pharmaceutical Research and Manufacturers of America and the New York Biotechnology Association for a news conference at Roswell Park Cancer Institute to announce findings of a new study by Archstone LLC which shows the biopharmaceutical industry’s strong potential for helping to grow the regional and state economy well into the future.
Highlights of the study include:
- New York is among the top three states leading the way in the biopharmaceutical industry
- NY ranks second, behind California, in direct biopharmaceutical jobs and fourth in total (direct and indirect) employment
- The state is also second in the nation conducting clinical trials – over 5,000 clinical trials in 2008
- NY ranks number one in ongoing clinical trials for cancer related conditions
- And number two in clinical trials related to heart disease, Parkinson’s, Alzheimer’s, and other rare diseases
Jobs
- The industry supports over 130,000 jobs statewide and almost 10,800 jobs in WNY Biopharmaceutical employment in NY grew by 1.8% from 1996-2006, outpacing all other industry sectors
- These are quality jobs with $3.8 billion in wages paid to direct employees annually
- The statewide average wage paid to a biopharmaceutical employee was over $68,000
Economy
- In Buffalo the industry generates an economic output of over $1.9 billion
- In NYS the economic output exceeds $29.1 billion
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Washington, DC Office
431 Cannon HOB
Washington, DC 20515
Phone: 202-225-3306
Fax: 202-226-0347
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Jamestown, NY 14701
Phone: 716-484-0729
Fax: 716-484-1049
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