July 9, 2008
Investment Value of Top 10 North American Life Science Projects Drops 34% to $2.9 Billion in 2008, an Industrial Info News Alert
Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- An analysis of the top 10 North American Pharmaceutical & Biotech capital projects currently scheduled to begin construction in 2008 reveals a cumulative total investment value (TIV) of $2.9 billion. Although the figure is impressive, it is a 34% drop compared with the same analysis of last year's top 10 projects, which totaled $4.4 billion. Shire PLC's (LSE:SHP) (Chineham, Basingstoke) Wayne, Pennsylvania, office remains at the top for 2008, followed by Massachusetts where Alexandria Real Estate Equities Incorporated (NYSE:ARE) (Pasadena, California) is in a joint venture to build a 250,000-square-foot facility.
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SOURCE: Industrial Info Resources