Biotechnology & Life Sciences

Texas has a dynamic biotechnology marketplace with an estimated annual economic impact of $75 billion. A significant number of top global biotechnology companies have Texas locations, underscoring the state's vitality in this industry. In 2011, one out of every 15 U.S. biotechnology establishments was located in Texas.

Texas is home to over 3,500  firms involved in R&D and biotechnology manufacturing. More than 89,600 workers are employed in biotech-related sectors in Texas at an average annual salary over $73,443. Texas is a top state for doctorates awarded in agricultural sciences and natural resources, biological and biomedical sciences, health sciences, and life sciences.
The Texas Medical Center in Houston is the world's largest medical center and annually conducts $3.4 billion in research. From 2007 to 2012, venture capitalists invested $1.4 billion in 161 biotech and medical device deals. In 2013, U.S. News & World Report named M.D. Anderson Top U.S. Cancer Hospital for the 7th year in a row.

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