SOURCE: Industrial Info Resources

March 26, 2008 07:00 ET

Pharma-Bio Industry Construction Injects $22 Billion Into North American Economy, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 26, 2008) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- A recent survey of active reported projects in Industrial Info's Pharmaceutical Tracker has revealed that 243 North American manufacturing plants and research facilities worth nearly $22 billion are currently under development. As discussed in detail in the New 2008 Pharmaceutical-Biotech Outlook, most of the manufacturing sites target the production of vaccines or biological therapies. One of the top projects, representing about $1 billion, is Bristol-Myers Squibb's (NYSE:BMY) (New York, New York) massive biologics manufacturing campus in Devens, Massachusetts.

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