SOURCE: Industrial Info Resources

Industrial Info Resources

February 10, 2011 05:35 ET

Middle Age Crisis Over for the Life Science Sector? -- $19 Billion Investment Reported for 2011 North American Construction Starts, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 10, 2011) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- With a wary look back at 2010's feeble performance, the life sciences sector is reporting a whopping $19 billion in projects starts through the end of this year. An analysis by Industrial Info's Pharmaceutical Tracker - Online Database of active capital and maintenance (MRO) projects revealed 726 active life science projects with a current kickoff date in 2011.

With all of the merger and acquisition activity in the industry, some of these projects may well be cancelled, only to be resurrected in another form once all of the combined assets are reviewed and site decisions are made. A case in point is Vertex Pharmaceuticals (NASDAQ:VRTX) (Cambridge, Massachusetts) and its $800 million decision to proceed with its new biopharma research campus at the Fallon Companies' Fan Pier site in Boston. Tracking this project has been a case of go, no go, dead in the water, and then back to life -- bigger than originally planned.

As varied as the industry itself, the projects range from $1 million scheduled production plant maintenance shutdowns to a $1 billion lab project at Oak Ridge National Lab. If the Oak Ridge project is taken out of play due to federal budget cuts, it will still leave a healthy $18.3 billion on the table. The projects referenced are sourced out of the public, private and institutional markets, and include everything from grassroot projects to annual maintenance shutdowns. The current top 10 projects for the industry are valued at a stunning $5.8 billion, and all are being monitored closely for any changes in activity.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com.

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