MA Monthly Facts: BioPharma Employment Grows in Massachusetts
To meet increased demand from new and growing companies in the industry, Massachusetts biopharma employment grew 4.8% in 2016, adding over 3,000 new jobs. That’s 28% growth in last 10 years. Many of these positions are supporting new research, as the data shows Massachusetts has more employees classified as Biotechnology R&D than any other state, and this segment grew by 9% in 2016 and 40% over the last 10 years. It’s the continued investment in R&D that will ultimately lead to new therapies and cures for patients, and biopharma companies will have to look to all corners of the world to find the best and brightest talent to develop new, breakthrough innovations.
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