The life sciences industry is growing in South Carolina, but those in the field want to grow even further.
The South Carolina Biotechnology Industry Organization says more than 400 companies operate in the state’s medical technology sector.
“It’s an industry that is definitely on the move,” SCBIO President and CEO Sam Konduros said. “I would say for the state to now be taking a much more deliberate approach to the industry, really for the first time for many years, it was just organic growth.”
A study completed by the Darla Moore School of Business through the South Carolina Department of Commerce shows an industry growth of 1.7 percent since 2005.
“An $11.4 billion a year impact on South Carolina’s economy, with well over 400 pure life service companies… and some of the highest-paying jobs in the state,” Konduros said. [Read more…]