SOURCE: Industrial Info Resources

Industrial Info Resources

April 19, 2011 06:35 ET

Pharmaceutical-Biotech Industry Kicks Off Spring With a Roar: $4.5 Billion Investment in 2Q11 Project Starts More Than Double 2Q10, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Apr 19, 2011) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- The news is filled with dire predictions regarding the economy, with each day warning of darker days ahead. Yet, a ray of light beams out from the Pharmaceutical-Biotech Industry, as the sector prepares to kick off $4.5 billion in capital and maintenance projects during the second quarter of this year. This figure is more than double what the industry delivered in second-quarter 2010 (source: Industrial Info's Pharmaceutical Tracker - Online Database).

Major projects of Novo Nordisk U.S. (NASDAQ:NVO) (Princeton, New Jersey) and Watson Pharmaceuticals Incorporated (NYSE:WPI) are planned to begin before the end of June this year.

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