SOURCE: Industrial Info Resources

Industrial Info Resources

February 15, 2012 06:30 ET

Pharmaceutical-Bio Industry Closes the Door on 2011 With More Than $12 billion in North American Project Starts, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Feb 15, 2012) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- The final construction tally is in for 2011, and the numbers are encouraging. Despite the myriad challenges facing the Pharmaceutical-Biotech Industry as it continues its massive reorganization, the sector managed to kick off construction on $12.1 billion in capital and maintenance projects in 2011. That amount was divided among the 702 projects that made it into active construction. This number could possibly go even higher, as new projects with continued opportunities are uncovered.

Companies featured: Abbott Laboratories (NYSE:ABT), Vertex Pharmaceuticals (NASDAQ:VRTX)

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