Small and Medium Biotech Companies Still Growing in Uncertain Times

Small to mid-size biopharmaceutical companies are the lifeblood of the industry and some of those businesses are adding new blood to their rosters, even in uncertain times.

A 2020 report by Biotechnology Innovation Organization (BIO) and TEConomy Partners estimates there were 1.87 million people employed in the bioscience industry as of 2018. Small to mid-size biopharmaceutical companies accounted for 71% of its employment and 99% of businesses in the field.