SOURCE: Industrial Info Resources

Industrial Info Resources

March 09, 2012 06:30 ET

New England Clear Leader as 1Q12 Pharma-Biotech Construction Starts Top $2.8 Billion, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Mar 9, 2012) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- It is lonely at the top, when considering North America in terms of Pharmaceutical-Biotech capital and maintenance (MRO) investment. Out of $2.7 billion in scheduled North American Pharma-Bio project starts for the first quarter of 2012, New England jumped to the top of the heap by claiming more than $1 billion of the total for only nine projects, out of a total of 106. The region can thank Massachusetts for putting it there.

Massachusetts has long been the darling of the industry, thanks to a blend of superior infrastructure and a vast amount of intellectual capital. The state currently has the single-largest 2012 launch project reported thus far: Swiss drug giant Novartis AG's (NYSE:NVS) (Basel, Switzerland) plan for a $600 million expansion of its Institutes for Biomedical Research division in Cambridge.

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