Growth in New Jersey Biotechnology Companies

The New Jersey Biotechnology Industry Survey, a BioNJ report, indicates growth in biotechnology companies located in New Jersey. In spite of mergers and acquisitions the number of companies increased from 226 in 2006 to 238 in 2008. Revenues, and research and development expenditures also increased from 2005 to 2007.

While a larger percentage of companies indicated that oncology was their work focus in 2007 (41%), infectious diseases took second place with 22%. Details, documenting a growth industry in New Jersey, appear in the linked report.