Title: Biopharmaceutical Companies
1Biopharmaceutical Companies Investment in RD
Increasing Steadily
Total Biopharmaceutical Company RD and PhRMA
Member RD 199520081
The pharmaceutical industry is one of the most
research-intensive industries in the United
States. Pharmaceutical firms invest as much as
five times more in research and development,
relative to their sales, than the average U.S.
manufacturing firm.2 Congressional Budget Office
Sources 1Burrill Company, analysis for PhRMA,
20052009 Pharmaceutical Research and
Manufacturers of America, PhRMA Annual Member
Survey (Washington, DC PhRMA, 1981-2009) 2CBO,
Research and Development in the Pharmaceutical
Industry, 2006.