NEW YORK, NY -- (Marketwire) -- 03/30/11 -- Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- The annual Pharmaceutical Industry manufacturing conference and exhibition, INTERPHEX 2011, has opened its doors for its annual run in New York City (March 28-31) at the Jacob Javits Convention Center. Despite unseasonably cold weather, Pharmaceutical Industry professionals streamed in from across the world. Attendance seems up this year, and on the whole, it seems a more confident and upbeat group.
Confidence is apparently the key, as the Pharmaceutical-Biotech Industry remains in a state of flux as it consolidates and redefines itself. For all the uncertainty that shadows this beguiling industry, there is no denying its ability to turn out solid numbers in capital investment. According to a survey of reported North American projects in the PECWeb Pharmaceutical & Biotech Tracker - Online Database, there are more than 1,200 active capital and maintenance projects representing a total investment value (TIV) of more than $53 billion in various stages of planning, engineering and construction.
Of this total, more than 750, carrying a total investment value of $18 billion, are scheduled to begin construction in 2011. It is proof that the domestic front still offers a number of opportunities for suppliers and vendors. This remains true, although "pharmerging" markets continue to capture pharma's attention as a main avenue of growth. Pfizer (NYSE:PFE), Eli Lilly (NYSE:LLY), GlaxoSmithKline (NYSE:GSK), sanofi-aventis (NYSE:SNY) and others continue to expand their presences in India, China, Brazil and the other emerging markets. It is obvious from those in attendance at the show that interest is high in capturing a piece of the action on both fronts.
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