$140 Billion Pharmaceutical Industry Poised for a 10% Sales Growth in 2002, Dictating an Increase in Capital Spending, in an Advisory by Industrialinfo.com.Business/Energy Editors & Health/Medical Writers HOUSTON--(BUSINESS WIRE)--Dec. 20, 2001 The following is an advisory by Industrialinfo.com (Industrial Information Resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. Incorporated; Houston). In 2001, the pharmaceutical and biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. industries capital expenditures approached $9 billion, with MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. spending topping $4 billion. The U.S. pharmaceutical and biotech industries expect to continue investing heavily in capital and maintenance expenditures. As reported in the recently published Industrialinfo.com 2002 Industrial Outlook, spending will continue to rise for manufacturing capacity expansions, as well as research and development laboratories. The large and aging baby boomer baby boomer also ba·by-boom·er n. A member of a baby-boom generation. Noun 1. baby boomer - a member of the baby boom generation in the 1950s; "they expanded the schools for a generation of baby boomers" boomer population is virtually guaranteeing sales for effective therapies that offer quality longevity longevity (lŏnjĕv`ĭtē), term denoting the length or duration of the life of an animal or plant, often used to indicate an unusually long life. , while the constant need for new products in the pipeline spur capital intensive research and development projects. The emerging trend of centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. corporate research "campuses" can have a company investing up to $300 per square foot for these massive state of the art laboratory complexes. Industry giants continued to partner with smaller biotech discovery firms and contract manufacturers in 2001 after seeing their profits spiral upwards as the result of such unions. 2002 promises increasing activity in major pharmaceutical and biotech mergers and acquisitions. These trends and other pertinent issues are detailed in the 2002 Industrial Outlook published by Industrial Information Resources (http://www.industrialinfo.com/indoutlook.htm). For a more in depth forecast into the pharmaceutical & biotech industries, also published by Industrial Information Resources, send inquiries to chemicalsgroup@industrialinfo.com. Industrialinfo.com provides statistics, plant and project databases and daily news related to the energy and industrial markets. For more information on trends and upcoming construction activities in the chemical processing industry (CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I ) as well as other industrial sectors visit us at www.industrialinfo.com and www.iirenergy.com. |
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