Investing in America’s Biopharmaceutical Infrastructure Strengthens the Economy and Supports Union Workers
The biopharmaceutical industry is growing America’s manufacturing and R&D capabilities to develop the next generation of treatments. A recent study from PILMA quantified the impact of the industry’s investment in American infrastructure on the economy and union workforce across 18 states from 2019-2024.
The study found that across the 18 states included, the biopharmaceutical industry:
- Supported the American economy by investing $86.5B in R&D and manufacturing infrastructure and developing 1000+ construction projects at over 700 distinct facilities.
- Strengthened the American workforce by generating $2.6B in skilled union wages and providing $19M in support for union apprenticeships.
The impact of the biopharmaceutical industry’s investment in American manufacturing and union jobs extends beyond direct benefits, spurring additional economic activity in the communities where workers live. This is known as the multiplier effect.
- On average, every $1 of new investment in a U.S. biopharmaceutical manufacturing facilities generates an additional $1.59 in further economic activity (2.59x times the initial investment value).
- The industry’s $86.5B investment in R&D and manufacturing infrastructure has a total economic impact of $224B.
Check out this resource to learn more about how biopharmaceutical investment in American infrastructure supports America’s workers and communities. For more on how biopharmaceutical companies are investing in America’s future, visit innovation.org/america-investment.
BioMADE Releases New National Survey Showing Strong, Bipartisan Support for U.S. Leadership in Bioindustrial Manufacturing
From global biopharmaceutical executives and venture capital leaders to AI innovators, manufacturing experts, and policy influencers, this year's Georgia Life Sciences Summit (August 25-26) brings together the voices shaping what's next in biotechnology, medical technology, and life sciences manufacturing. Industry Visionaries Tim Opler, Stifle (Keynote), CEO Spotlights from Moonlight Therapeutics, Nephrodite, Nutriband, Nyra Medical Innovation & AI Pfizer, Roche Diagnostics, Zifo Investment & Capital Ascenta Capital, NovaQuest Capital Management, Solas BioVentures Manufacturing & Supply Chain Bend Biosciences, Micron Biomedical, Remington Medical, Vitrian, The Risk Project Research & Commercialization Emory University, Shriners Children's Research Institute, Biolocity Policy & Advocacy Incubate Coalition, Greenberg Traurig Whether you're building the next breakthrough therapy, scaling manufacturing, raising capital, or navigating today's policy landscape, you'll hear directly from the executives and innovators leading these conversations every day. Join the leaders shaping the future of life sciences
Wednesday, July 8, 2026 - Georgia Life Sciences is encouraged by the recent federal court decision issuing a preliminary injunction that prevents Colorado from implementing its upper payment limit for Amgen’s Enbrel, a patented treatment for rheumatoid arthritis and other autoimmune conditions. The ruling underscores a critical concern for the life sciences sector: state-level price controls, particularly those applied to patented medicines, raise significant legal questions and can create uncertainty for the innovation ecosystem that supports the development of new treatments. Colorado’s Prescription Drug Affordability Board had sought to impose the nation’s first upper payment limit on a specific prescription medicine. While the goal of improving affordability for patients is important and shared across the healthcare ecosystem, government-set price caps are the wrong approach. They risk undermining investment in biomedical innovation without guaranteeing that savings will reach patients at the pharmacy counter. As more states consider Prescription Drug Affordability Boards with authority to impose upper payment limits, policymakers should proceed with caution. These boards can add costly and complex layers of bureaucracy while creating uncertainty for companies working to discover, develop, manufacture, and deliver new therapies. To date, PDABs have not demonstrated that they meaningfully lower out-of-pocket costs for patients. GLS supports policies that improve affordability and access in ways that directly benefit patients. Rather than pursuing government-set price controls, policymakers should focus on reforms that address the real drivers of patient costs, including ensuring manufacturer rebates are passed through to patients, increasing transparency across the drug supply chain, promoting competition through generics and biosimilars, and expanding affordable insurance coverage. Patients need solutions that lower costs where they feel them most, at the pharmacy counter. Georgia Life Sciences will continue to advocate for patient-focused policies that improve access, preserve innovation, and support a strong life sciences ecosystem. Source: The court blocked Colorado’s first-in-the-nation Enbrel UPL through a preliminary injunction, with the cap set to take effect in January 2027. More here: https://www.reuters.com/legal/litigation/judge-blocks-colorados-first-of-its-kind-price-cap-amgens-enbrel-2026-07-01/
