The bioscience industry has a far-reaching influence in communities across Alabama and beyond, a fact that’s been shown most recently in the fight against the COVID-19 pandemic.
The state’s researchers and entrepreneurs have stepped up in a major way, with contributions that support diagnostic testing, potential treatments and vaccine development.
The economic impact of Alabama’s bioscience industry is estimated at $7.3 billion. The sector encompasses 780 companies, 48,000 direct and indirect jobs, a $68,000 average annual salary and $1.3 billion in National Institutes of Health funding during a recent year.
Next week, industry leaders will discuss growing those numbers, as well as new opportunities for the breakthrough developments that drive them, at BIO Alabama’s virtual annual conference.