SOURCE: Industrial Info Resources

Industrial Info Resources

February 29, 2012 06:40 ET

Pharma-Biotech Capital Construction Investment Snapshot: 2012 North American Project Starts Top $16 Billion, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Feb 29, 2012) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- Barely two months into the new year, it is time to buckle up and enjoy the wild ride known as the Pharmaceutical-Biotech Industry. In January 2012, the industry as a whole had more than $17 billion in capital and maintenance projects scheduled to kick off this year. A scant month later, that total has dropped to slightly more than $16 billion. Thanks in no small part to the Obama administration's financial decisions, $695 million destined for the National Bio and Agro-Defense facility in Manhattan, Kansas, has been pushed out of 2012, as its budget is reworked.

Companies featured: Gilead Sciences Incorporated (NASDAQ:GILD), Novartis AG (NYSE:NVS)

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