Louisiana
Louisiana
In the development of new medicines, clinical trials are conducted to prove therapeutic safety and effectiveness and compile the evidence needed for the Food and Drug Administration (FDA) to approve treatments. And the biopharmaceutical sector is committed to bringing new treatments and cures to patients. This commitment to innovation supports high-quality jobs and is a vital part of every state’s economy and our global economic competitiveness.
In Your State
Economic Impact In Your State: Louisiana
Economic Impact
$5.2B
Total output supported by biopharmaceutical sector
$256M
Tax Revenue Generated
18,025
Total Jobs
3,020
Direct Jobs
516
Total Clinical Trials
$199.9 million
Invested in Clinical Trials
12,591
Total Economic Impact of Clinical Trial Investments
$502.6 million
Invested in Clinical Trials
Programs and Initiatives in Your State: Louisiana
State programs and initiatives to promote biopharmaceutical industry development
- Accelerating Innovation, Commercialization & Entrepreneurial Development
- Building Research Capacity and/or R&D Infrastructure
- Economic Innovation Incentives
- STEM Education & Workforce Development
- Venture Financing