Life Sciences is the fastest-growing industry in the nation, and in Georgia, industry growth is outpacing the national average. In 2021, Georgia’s life sciences companies generated $27.2 billion in direct economic impact and employed more than 78,000 Georgians.
This June, a delegation of 15 economic development partners joined the Georgia Department of Economic Development in representing the state at BIO International, one of the largest conferences and trade shows in the industry. This conference consistently generates successful leads resulting in new investments in the state. Following is a sample of some the questions that we received.
What makes up Georgia’s life sciences ecosystem?
Georgia’s biosciences ecosystem consists of more than 4,000 life sciences organizations with many sectors experiencing double-digit growth in recent years. Well-known life sciences hubs include Athens, Augusta, and Atlanta. Additional hubs are sprouting across all corners of the state, earning Georgia recognition as a top emerging life-science growth market.
The manufacturing of medical devices and equipment has been one of the key sectors of growth. The sector’s job base expanded more than two times the national growth rate. Areas of development include electromedical apparatus, irradiation equipment, surgical equipment, ophthalmic goods, and analytical lab equipment. Some of the leading companies operating in Georgia include Alcon, Intuitive, Becton Dickerson and Company, and Medtronic.
What are some of the major drug and pharmaceutical companies in Georgia?
Some of the larger companies operating in Georgia include Arbor Pharmaceuticals, Boehringer Ingelheim, Boston Scientific, Dendreon Corporation, Johnson & Johnson, Pfizer, Sanofi, Takeda, and UCB. This innovative sector produces cell therapies, vaccines, animal pharma, and more. A leading area for patents, recent discoveries cover a wide variety of…
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