Biotechnology Innovation Organization

Sixth Biennial Report of Battelle and BIO indicate the followings:1. In 2012, U.S. bioscience companies employed 1.62 million personnel across more than 73,000 individual business establishments.2. Over the past decade the industry has added nearly 111,000 new, high-paying jobs or 7.4 percent to its employment base.3. The industry continues its tradition of creating high-wage, family-sustaining jobs with average wages 80 percent greater than the overall private sector and growing at a faster rate.

Access to early-stage financing is the lifeblood of biotechnology innovation. For therapeutic-focused biotechnology companies in particular, the required capital and development timelines dwarf most other industries, making it challenging to find sizable early investments from committed investors. As the world’s largest trade association representing biotechnology companies across the United States and in more than 30 other nations, it is important for BIO to better understand investor trends in order to determine where scientific or policy issues may be impacting the ability to maintain a robust pipeline of innovative medicines.