New BIO/TEConomy report also highlights four Indiana cities as leaders
Indianapolis, June 8, 2016 – Biotechnology Industry Organization (BIO) and TEConomy released their bi-annual report at the BIO International Convention in San Francisco yesterday, highlighting Indiana as a national leader in life sciences sector employment, with sizeable employment and industry concentration in the areas of agriculture feedstock and chemicals, drugs and pharmaceuticals, and medical devices and equipment. “The Value of Bioscience Innovation in Growing Jobs and Improving Quality of Life 2016” report also identifies metropolitan statistical areas (MSAs) with significant life sciences activity, including seven Indiana cities: Bloomington, Evansville, Indianapolis, Lafayette, Michigan City South Bend and Terre Haute. And, Indiana has four MSAs – the most of any state – with a significant concentration of life sciences activity in three of five the industry categories. The Bloomington, Indianapolis, Lafayette and South Bend MSAs are cited as having some of the strongest industry performance in the U.S. Indianapolis is ranked fifth in the U.S. for drugs and pharmaceutical employment, ranking higher than Boston and San Diego.
Indiana’s innovation and discovery strengths are also featured in the report. The state ranks number 8 in the U.S. for bioscience-related patents granted (per 1 million population.)
The report measures growth in the bioscience sector (Agricultural Feedstock and Chemicals, Drugs and Pharmaceuticals, Medical Devices and Research, Testing and Medical Laboratories and Bbioscience-related Distribution) from 2012 to 2014 for the entire country and each of the fifty states.
“Indiana’s life sciences industry remains one of the top in the U.S. in employment, patents and number of companies,” David L. Johnson, president and CEO of BioCrossroads, said. “Not only do we have strength in the diversity and number of companies which are the envy of other regions, but our collaborative environment enables us to capitalize on our strengths and find new opportunities for growth with partners across industry and with our research institutions.”
- Bloomington MSA– Bloomington holds its position as the number 1small MSA (total private employment less than 75,000) in the Medical Devices and Equipment category for specialized employment concentration. The area moved up one spot from the 2014 report and is now 4th in Drugs and Pharmaceuticals employment for a small MSA and is 10th in the Bioscience-Related Distribution subsector. Overall, Bloomington has an employment specialization in three of the five industry subsectors.
- Evansville MSA– The Evansville area is 15th in the medium MSAs (total private employment between 75,000 and 250,000) for Agricultural Feedstock and Chemicals.
- Indianapolis MSA– Indianapolis is 5th nationally for employment in Drugs and Pharmaceuticals and 2nd in large MSAs (total private employment greater than 250,000) in specialized employment concentration. It ranks 2nd in the U.S. for employment in Agricultural Feedstock and Chemicals and 3rd in large MSAs for concentration of employment; and increased its position to 10th in Bioscience-Related Distribution since 2012.
- Lafayette MSA– The Lafayette MSA has three subsectors represented by a specialized employment concentration. It moved up to 4th from its 2012 ranking of 13th in the Agricultural Feedstock and Chemicals subsector for small MSAs. In the Drugs and Pharmaceuticals category, Lafayette has increased its position moving from 12th in 2014 to 7th; and in Research, Testing and Medical Laboratories it is 13th.
- Michigan City-La Porte MSA– In the Medical Devices and Equipment subsector, the area moved up to 10th from 13th in employment concentration.
- South Bend-Mishawaka MSA – South Bend-Mishawaka is another Indiana area with specialized employment concentration in three subsectors.
- Terre Haute MSA– In the Drugs and Pharmaceuticals subsector, Terre Haute ranks 13th for small MSAs.
Indiana is home to the global headquarters for Anthem, Cook Medical, DePuy Orthopaedics, Dow AgroSciences, Eli Lilly and Company, Zimmer Biomet and the North American headquarters of Roche Diagnostics. Beckman Coulter, Boston Scientific, Covance, Express Scripts, Mead Johnson and Medtronic all have significant operations located within the state.
According to the report, 1.66 million people work in the U.S. bioscience industry, which has seen growth of 2.2 percent in employment over the last two years.
BioCrossroads (www.biocrossroads.com) is Indiana’s initiative to grow, advance and invest in the life sciences, a public-private collaboration that supports the region’s existing research and corporate strengths while encouraging new business development. BioCrossroads provides money and support to life sciences businesses, launches new life sciences enterprises (Indiana Biosciences Research Institute, Indiana Health Information Exchange, BioCrossroadsLINX, OrthoWorx and Datalys Center), expands collaboration and partnerships among Indiana’s life science institutions, promotes science education and markets Indiana’s life sciences industry.