|
New Jersey's drug and medical technology
industry employed 60,556 people in 2005, with a total payroll of $7
billion, according to HealthCare
Institute of New Jersey (HINJ) commissioned survey..
The overall economic impact (direct
payroll, R&D expenditures, payments to vendors, and contributions
in taxes and philanthropy) of the state’s pharmaceutical and
medical technology industry topped $27 billion, up from $22 billion
last year.
- The survey showed R&D spending
totaled $7.5 billion, a 17% increase over the $6.4 billion
reported in 2004.
- The average base salary was
$93,948 (a 6.7% increase over 2004) and total compensation for
industry employees was approximately $115,701 (a 5.2% increase
over 2004).
- Workers directly employed by the
industry are also active consumers, creating spending impacts of
$5.7 billion and contributing $1.6 billion of additional income
to New Jersey’s economy.
- Member companies reported nearly
900 pharmaceutical products in development and 70 new drug
applications submitted
|
