Industrialinfo.com Pharma Focus: Biotech Manufacturing Tech Profile.HOUSTON -- Researched 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, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the ). The biotech drug sector continues to advance, from an estimated $12 billion in 1990, to roughly $27 billion in 2004. This is in contrast to the nearly $270 billion spent annually for so-called "traditional" pharmaceuticals, or as referred to by those in the industry, "small molecule therapeutics." As discussed in Industrialinfo.com's 2005 Pharmaceutical Industry Forecast, although biopharmaceuticals comprise roughly only 5% of the world's prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, sales, they account for six of the top fifty selling drugs, 13% of new medicines approved by the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. in the 1990s, and about 18% of all drugs in development. For more information view the entire article by registering for free at http://www.industrialinfo.com/showNews.jsp?newsitemID=63582, or browse other breaking industrial news stories at www.industrialinfo.com. Industrial Information Resources (IIR IIR - Infinite Impulse Response ) is a Marketing Information Service company that has been in business for over 22 years. IIR is respected as a leader in providing comprehensive market information pertaining to the industrial processing, heavy manufacturing and energy related industries throughout the world. For more information send inquiries to pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com. |
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