Number of drugs in development by New York companies
Number of biotechnology employees in New York†
†Includes only those companies still in existence or operating in the state in 2002
• New York is home to 101 biotechnology companies, more than half of which focus on the development of new therapeutic products and related drug-delivery technologies
• For every public biotech company in New York state, there are about three private ones
• The public companies within this group have a combined market capitalization of approximately $8.6 billion
Source: New York Biotechnology Assoc., "2004 State of the Industry Report"
- Francesco Fiondella
