- In 2017, the biopharmaceutical industry sponsored more than 4,500 clinical trials of medicines in the U.S., involving a total of close to one million participants. Trials occurred in all 50 states and the District of Columbia.
- The biopharmaceutical industry spent more than $15 billion directly in clinical trial sites across the U.S. in 2017. These amounts are in addition to the significant resources invested in clinical trial-related activities occurring outside the individual trial sites.
- The overall economic impact of company investments in U.S. clinical trial sites – which includes the ripple effect of expenditures by clinical trial vendors and contractors and spending by industry and vendor employees – totals nearly $43 billion in economic activity in communities throughout the U.S.
- The five states with the largest number of active clinical trials were:
- California (2,152)
- Florida (1,735)
- Texas (1,989)
- New York (1,707)
- North Carolina (1,196)
- Some states not typically associated with a large biopharmaceutical industry presence had a large number of trials (for example, 1,297 trials in Ohio and 1,016 trials in Tennessee).
- Only six states plus Puerto Rico had fewer than 100 clinical trials active in 2017.
The nationwide economic impact associated with the industry as a whole – including non-R&D activities such as manufacturing and distribution – has been well documented in recent years. This analysis provides a new lens through which to view the economic and scientific footprint of the U.S. biopharmaceutical industry.
What it shows is that industry sponsored clinical trials are not only vital to the development of new treatments and cures for patients, but also play an important role in sustaining economic growth in communities throughout the country.