With sixteen of the 20 top-selling
pharmaceutical products manufactured in Puerto Rico, the Island has been considered as the world’s
largest international shipper of pharmaceutical products, distributing
more than $30 billion worth of pharmaceutical products around the globe
each year.
Home to more than 60 pharmaceutical manufacturing plants, Puerto Rico employees more than 28,000 workers in this market segment.
In addition to pharmaceutical manufacturing, Puerto Rico is also well-known for the manufacturing of medical/scientific devices, making the Island one of the largest high-tech manufacturing centers in the country. With more than $2 billion worth of medical products goods shipped each year, Puerto Rico boasts 65 medical device plants, employing more than 17,000 workers.
Even with these impressive figures, Puerto Rico continues to show its strength, expanding into the area of biotech drug development and production. With such hefty private investment, Puerto Rico’s government is taking the next step to serve the growing biotech market with the construction of a new 17,300 sq. ft. biotech research park and processing plant. Owned by Puerto Rico’s economic development organization, PRIDCO, the park will also include life science, technology and lab facilities, all with aim to continue the development of Puerto Rico-based science and technology companies.
Today, Puerto Rico’s pharmaceutical industry represents 26 percent of the Island’s Gross Domestic Product. Yet the manufacturing of pharmaceutical, biotech and medical device products serves as an engine to many of Puerto Rico’s other top industries, including engineering, food service, component manufacturing, medical and legal services, banking and insurance, transportation communication, tourism – as well as meetings and conventions.
Home to more than 60 pharmaceutical manufacturing plants, Puerto Rico employees more than 28,000 workers in this market segment.
In addition to pharmaceutical manufacturing, Puerto Rico is also well-known for the manufacturing of medical/scientific devices, making the Island one of the largest high-tech manufacturing centers in the country. With more than $2 billion worth of medical products goods shipped each year, Puerto Rico boasts 65 medical device plants, employing more than 17,000 workers.
Even with these impressive figures, Puerto Rico continues to show its strength, expanding into the area of biotech drug development and production. With such hefty private investment, Puerto Rico’s government is taking the next step to serve the growing biotech market with the construction of a new 17,300 sq. ft. biotech research park and processing plant. Owned by Puerto Rico’s economic development organization, PRIDCO, the park will also include life science, technology and lab facilities, all with aim to continue the development of Puerto Rico-based science and technology companies.
Today, Puerto Rico’s pharmaceutical industry represents 26 percent of the Island’s Gross Domestic Product. Yet the manufacturing of pharmaceutical, biotech and medical device products serves as an engine to many of Puerto Rico’s other top industries, including engineering, food service, component manufacturing, medical and legal services, banking and insurance, transportation communication, tourism – as well as meetings and conventions.
Source: http://www.ngpharma.com
