Hats Off to Hoosier Life Sciences Companies


It was a race against time when I rushed into my boss’ office to share new statistics on life sciences released by BioCrossroads in partnership with the Indiana Business Research Center at the Indiana University Kelley School of Business. Why the hurry? We were seconds away from sending the March-April edition of BizVoice® magazine, which features life sciences, to the printer.

Alas, I was too late!

Sometimes you can’t beat the clock; it’s one of the perils of working in the magazine world. But that doesn’t diminish the value of our special BizVoice issue, now available online and on the way to your mailbox for our print subscribers. It tells compelling stories of the companies – and people – making discoveries and advancing the life sciences field.

A roundtable discussion focused on growing Indiana’s life sciences advantages includes insights from panelists on opportunities, challenges, collaboration, funding and more.

A few highlights from the BioCrossroads report (data is from 2012, the most recent year it is available):

  • Annual economic impact: $55-plus billion (up from $50 billion)
  • Workforce: 55,000 employees at nearly 1,900 companies
  • Annual wages: $89,056
  • Worldwide exports: Indiana ranks second (behind California), with more than $9.7 billion in life sciences products each year. That’s one-third of Indiana’s total exports.

Life sciences is changing – and saving – people’s lives. Thank you to all in our state who are helping make it happen. And keep the innovation coming!

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