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Investment Value of Top 10 North American Life Science Projects Drops 34% to $2.9 Billion in 2008, an Industrial Info News Alert

Posted on: Wednesday, 9 July 2008, 09:00 CDT

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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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com.

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 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

Source: MARKET WIRE

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