SOURCE: Industrial Info Resources

December 04, 2007 08:28 ET

North American Pharmaceutical & Biotech Industry's Project Investments Top $21 Billion for 2008, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 4, 2007) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- As 2007 draws to an end, it is time to examine what lies ahead for the Pharmaceutical & Biotech Industry in 2008. Despite the bleak headlines plaguing the industry as a whole, there are definite signs of life within the industry, at least in terms of current active project spending for 2008. According to a recent analysis of the current data within the Pharma Project Tracker, the industry expects $21 billion spread over 537 projects to begin construction in 2008.

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Industrial Info Resources (IIR) is the leading marketing information services company for the industrial process, heavy manufacturing and energy-related markets throughout the world. For more than 24 years, IIR has provided accurate and timely intelligence through products such as plant and project information databases, focused market databases, industry forecasting, key industry contacts, industry and territorial map products, direct marketing services and applications, and daily industry news. For more information send inquiries to pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com.

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