SOURCE: Industrial Info Resources

Industrial Info Resources

June 30, 2011 18:23 ET

Bio Buzz Day 3 -- BIO 2011: My Lab Is Bigger Than Yours..., an Industrial Info News Alert

WASHINGTON, DC--(Marketwire - Jun 30, 2011) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- It is all about infrastructure, if the legions of economic developers at the BIO 2011 conference (June 27-30, 2011, Washington Convention Center) are to be believed. As BIO entered its third day, the ED teams showcased bragging rights that rivaled proud parents crowing over their kid's report cards.

When most think about the bio business, the focus tends to settle on sophisticated drug development, big finance and complex laws engendered by the industry. Beyond the impact in treatment of disease or some other malady, it can be difficult to understand its business appeal to anyone other than attorneys, scientists and stockholders. But none of the "magic" can happen without the brick and mortar end of the bio business.

Perhaps the best way to underscore the intrinsic value that comes with capital construction in the life science industry is the numbers themselves. A current analysis of active projects reveals plans ranging from humble $1 million equipment upgrades to federal laboratories topping $1 billion, with some nearing the end of construction, others nascent and several years away from any shovels hitting the ground. The bottom line is more than 1,200 projects totaling $52 billion in North America alone.

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