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Estimating the biotech sector's contribution to the US economy

Nature Biotechnology volume 34, pages 247255 (2016) | Download Citation

US biotech sector revenue is estimated to have grown on average >10% each year over the past decade—much faster than the rest of the economy. A more comprehensive assessment of biotech's economic contribution, however, will require improved data collection, classification and analysis.

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Acknowledgements

I am grateful to R. Langer, R. Wehbring, M. Oliveira and E. Carlson for their excellent comments and questions. Early portions of this work were funded by the Homeland Security Institute, the Defense Threat Reduction Agency and Biodesic, LLC.

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Affiliations

  1. Bioeconomy Capital LLC and Biodesic LLC, Seattle, Washington, USA.

    • Robert Carlson

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  1. Search for Robert Carlson in:

Competing interests

R.C. is the Managing Director of an investment fund that operates in biotechnology.

Corresponding author

Correspondence to Robert Carlson.

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DOI

https://doi.org/10.1038/nbt.3491

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