The Innovative Pharmaceutical Manufacturing Industry: Driving Economic Growth

Abstract

Led by the pharmaceutical manufacturing industry, IP-intensive manufacturing industries contribute extraordinary economic value to the U.S. economy. Compared to other IP-intensive and non-IP intensive manufacturing industries, the pharmaceutical manufacturing industry had the highest R&D investment over the past decade. Consequently, the pharmaceutical manufacturing industry outperformed other manufacturing industries in all key economic measures, including job creation, wages paid, gross output, net economic contribution, and exports.