2004 News

New Jersey’s Life Science Cluster Anchor to the Medicine Chest of the World

Hillside, NJ, August 5, 2004 — The pharmaceutical and medical technology industry has long been an economic engine in New Jersey, with many companies arriving here more than a century ago. Now, a groundbreaking study conducted by renowned Harvard Professor Michael E. Porter underscores the importance of this industry to the state’s “life sciences cluster.” Read more

 

BD Chairman Edward J. Ludwig to Lead HealthCare Institute of New Jersey

Hillside, NJ, July 19, 2004 — Edward J. Ludwig, Chairman, President and Chief Executive Officer of BD (Becton, Dickinson and Company) (NYSE:BDX), has recently been elected Chairman of the HealthCare Institute of New Jersey (HINJ).  Mr. Ludwig will serve a two-year term and is the first executive from a medical technology company to lead the organization. Read more

 

HINJ Releases 2004 Economic Impact Report: Impact of HINJ Members Climbs to $23.8 Billion

NJ’s Pharmaceutical & Medical Technology Industry Continues to Drive State’s Economy

Industry created 156,000 jobs – 63,000 direct + 93, 000 spin-off jobs

Average base salary is $85, 423

Payroll Impacts of $6 billion

Charitable Contributions totaled $155 million

$213.1 M in sales tax and income tax impacts on NJ

Hillside, NJ, April 27, 2004 — New Jersey’s pharmaceutical and medical technology industry continues to be an economic powerhouse contributing $23.8 billion to the state’s economy in 2003, according to a study released today by the HealthCare Institute of New Jersey (HINJ), the industry’s trade association.  The study commissioned by HINJ and conducted by Deloitte, surveyed 22 HINJ member companies on a variety of key economic indicators. Read more

 

The State of Our Life Sciences Industry

By The Honorable Bob Franks, President, HealthCare Institute of New Jersey

Hillside, NJ, February 2, 2004 —Nowhere on earth is there a more important place for the pharmaceutical and medical technology industry than our own state of New Jersey. Read more

 

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