Education

Clinical Research Fast Facts

Biopharmaceutical research companies have been and continue to be a source of quality jobs, tax revenue and research spending in Wisconsin. A TEConomy Partners study found that the biopharmaceutical sector:

• Supported more than 51,500 jobs throughout Wisconsin in 2017.
• Supported the generation of $12 billion in economic activity in the state.
• Resulted in $697 million in federal and state taxes through jobs supported by the biopharmaceutical sector.

A separate study by TEConomy Partners found that in 2017 alone, there were 409 active industry-sponsored clinical trials in Wisconsin, with an estimated enrollment of 6,811 Wisconsin residents. Cardiovascular and circulatory diseases were the largest clinical trial disease area by total estimated enrollment in the state.

The investment at clinical trial sites was more than $90 million and the estimated total economic impact was more than $273 million.