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Report: State's pharmaceutical contractors continue to grow

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Indiana companies providing contract pharmaceutical research and manufacturing services continued to grow last year despite the severe economic challenges, according to a report set to be released Wednesday by BioCrossroads.

The life sciences industry group cited such Indianapolis companies as AIT Laboratories and BioStorage Technologies, as well as Bloomington-based BioConvergence, as examples of the growth.

A drive within the pharmaceutical and biotechnology industries to lower costs by outsourcing work to contract service providers is driving much of the expansion, the report said.

“We believe the outlook for the biopharma contract service sector continues to be positive, particularly for Indiana’s pharmaceutical development and contract manufacturing companies,” BioCrossroads CEO David Johnson said in a prepared statement.

The report said the demand for contract service providers should continue to increase as the need for more clinical trials and biomarker services escalates. However, the report cautioned that consolidation within the pharmaceutical industry also could force contractors to find new revenue sources.

More than 40 companies considered contract service providers are located in Indiana. Altogether, they employ about 9,000 people, the report said.

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  1. We gotta stop this Senior crime. Perhaps long jail terms for these old boozers is in order. There are times these days (more rather than less) when this state makes me sick.

  2. One option is to redistribute the payroll tax already collected by the State. A greater share could be allocated to the county of the workplace location as opposed to the county of residency. Not a new tax, just re-allocate what is currently collected.

  3. Have to agree with Mal Burgess. The biggest problem is massive family breakdown in these neighborhoods. While there are a lot of similiarities, there is a MASSIVE difference between 46218 and 46219. 46219 is diluted by some stable areas, and that's probably where the officers live. Incentivizing is fine, but don't criticize officers for choosing not to live in these neighbor hoods. They have to have a break from what is arguably one of the highest stress job in the land. And you'll have to give me hard evidence that putting officers there is going to make a significant difference. Solid family units, responsible fathers, siblings with the same fathers, engaged parents, commitment to education, respect for the rule of law and the importance of work/a job. If the families and the schools (and society) will support these, THEN we can make a difference.

  4. @Agreed, when you dine in Marion County, the taxes paid on that meal go to state coffers (in the form of the normal sales taxes) and to the sports/entertainment venues operated by the CIB. The sales taxes on your clothing and supplies just go to the state. The ONLY way those purchases help out Indianapolis is through the payroll taxes paid by the (generally low-wage) hourly workers serving you.

  5. The government leaders of Carmel wouldn't last a week trying to manage Indianapolis. There's a major difference between running a suburb with virtually no one below the poverty level and running a city in which 21+% are below the poverty level. (http://www.census.gov/did/www/saipe/data/interactive/#view=StateAndCounty&utilBtn=&yLB=0&stLB=15&cLB=49&dLB=0&gLB=0&usSts_cbSelected=false&usTot_cbSelected=true&stateTot_cbSelected=true&pLB=0?ltiYearSelected=false?ltiYearAlertFlag=false?StateFlag=false?validSDYearsFlag=false)

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