SOURCE: Industrial Info Resources

April 22, 2008 05:00 ET

Pharma-Bio CMO Sector Emits Healthy Financial Glow With $830 Million in Active Capital Expansion Projects, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 22, 2008) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- Despite the frequent headlines announcing yet another pharmaceutical plant closure, there is one sector within the industry that is thriving. Both contract manufacturing organizations (CMOs) and contract research organizations (CROs) are enjoying a steady influx of growth as owners continue to invest in the expansion and maintenance of research and manufacturing facilities across North America. A recent survey drawn from data contained in Industrial Info's Pharmaceutical Tracker has revealed 49 active capital and maintenance (MRO) projects worth a total investment value (TIV) of $838 million in North America.

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