2007 News

Imports Aren’t the Answer to High Drug Prices

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

Bridgewater, NJ, October 15, 2007 — Fueled by recent headlines about tainted produce, pet food, seafood, toothpaste and even children’s toys, Americans have good reason to worry about the safety of imported goods.  At the root of this phenomenon is the failure of the FDA’s import and safety system, which has sparked fear and a loss of consumer confidence in the security of our purchases. Read more


Medicine Program May Help Needy Latinos

By Richard Khavkine, Staff Writer

 August 22, 2007 — Four in 10 Latinos living in New Jersey had difficulties paying for medicines in the last year, according to an AARP study released in May. Read more


A Prescription for Good Reading Skills

The Times of Trenton

Bridgewater, NJ, June 30, 2007 — Former Congressman Bob Franks (R-7th District), president of HealthCare Institute of New Jersey (HINJ), reads to children at the Henry J. Austin Health Center in Trenton Tuesday. The center received 1,000 of the 6,000 books to be given by New Jersey’s pharmaceutical and medical technology industries to six Reach Out and Read sites in Trenton. Read more


Trenton Children Benefit from Book Donation

Bridgewater, NJ, June 26, 2007 — Six Trenton medical facilities today received 1,000 books each to disseminate to their youngest low-income patients, thanks to New Jersey′s Pharmaceutical and Medical Technology Industry — and their trade association, the HealthCare Institute of New Jersey (HINJ). Read more


Pharma Jobs Still Among Best Paid

By Jeff May, Star-Ledger Staff 

Trenton, NJ, June 15, 2007 —The pharmaceutical and medical technology industries remain two of the most reliable bastions of high-paying jobs in New Jersey, a recent survey concludes. Read more


HINJ Report: Economic Impact of HINJ Members Totals $26.5 Billion

Healthy, Stable Economic Indicators Signal NJ′s Pharmaceutical & Medical Technology Industry Continues to Play a Critical Role in State′s Economy


Industry created 148,768 jobs — 61,971 direct +86,797 spin-off jobs

Average base salary is $97,501 (up 4% from 2005)

Payroll impacts of $7.6 billion (up 8.5% from 2005)

Capital construction spending is $1.9 billion

NJ charitable contributions totaled $264 million (up 74% over 2005)

R&D spending investment of $7.5 billion

$671.4 million in sales and income tax impacts on NJ (up 3.3% from 2005)

Bridgewater, NJ, June 14, 2007 — For the second straight year, New Jersey′s pharmaceutical and medical technology industry reported strong economic activity, with an economic impact of $26.5 billion on the state′s economy in 2006, according to a study released today in the State House by the HealthCare Institute of New Jersey (HINJ), the industry′s trade association. Read more


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