Texas
Texas
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: Texas
Economic Impact
$95B
Total output supported by biopharmaceutical sector
$1.3B
Tax Revenue Generated
309,628
Total Jobs
49,165
Direct Jobs
1,989
Total Clinical Trials
$1.55 billion
Invested in Clinical Trials
91,696
Total Economic Impact of Clinical Trial Investments
$4.61 billion
Invested in Clinical Trials
Programs and Initiatives in Your State: Texas
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
- Targeted Strategies
Programs and Initiatives
16
Patents per 1,000 people in Science & Engineering
Percentage of Workforce Employed in High-Tech Jobs