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NJ's Biotech Industry Grows and Matures
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New Jersey Business
- Article date:
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August 1, 2008
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Copyright informationCopyright New Jersey Business & Industry Association Aug 2008. Provided by ProQuest LLC. (Hide copyright information)
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New Jersey's biotechnology industry continued to both grow and mature in 2007, according to the survey "New Jersey Life Sciences ... Where Science Is Life," recently released by BioNJ with assistance from Ernst & Young.
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; ...
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