|
|
Article: NJ Biotechnology Industry Sees Strong Growth Continuing.
- Article from:
- PR Newswire
- Article date:
- June 15, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Number of New Jersey Companies Nearly Doubled in Three Years
Increases in Employees, R&D and Revenues; Early Stage Research Funding a Challenge
TRENTON, N.J., June 15 /PRNewswire/ -- New Jersey's biotechnology industry continued to experience strong growth from 2002 to 2005, with the number of employees in publicly held companies growing by 19 percent, research and development at publicly held companies increasing 40 percent to $737 million and revenues for both public and private companies exceeding $2 billion, according to a survey released today by the Biotechnology Council of New Jersey (BCNJ) and Ernst & Young. Conducted by Ernst & Young in the ...