The US remains on top in terms of researcher spending power, with Japan and Australia not far behind and Europe bringing up the rear, and also employs the most in companies. Those employees are also put to good use: large biotechs companies generate just as much profit as smaller pharmaceutical firms—with only about half the staff. Biotech CEOs brought home an average of $350,000 last year and held an average 5.5% stake in their companies; seven out of ten have golden parachutes.
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Lawrence, S. Wage power in the life sciences. Nat Biotechnol 26, 14 (2008). https://doi.org/10.1038/nbt0108-14
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DOI: https://doi.org/10.1038/nbt0108-14
