Report: Biotech industry reached $1 trillion in 2014
The global biotechnology industry reached new heights in 2014 to reach a $1 trillion capitalization for the first time, according to a major new report by EY.
The company’s 29th annual industry report, Beyond borders: Reaching new heights, found that the industry set records on virtually every major financial metric, including revenues, profitability and capital raised. These positive performance indicators, combined with several high-profile product successes and a strong year for new drug approvals, drove the industry's total market capitalization above the $1 trillion threshold for the first time in its history.
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