>NJ life sciences generate $24.2B
Hurt by consolidation and a slow economy, the life sciences industry generated about $24.2 billion for New Jersey in 2010, down 17 percent from the previous year, an industry trade group reported Wednesday.
But the HealthCare Institute of New Jersey expects the slide to come to a quick halt. Several drug companies have announced plans to expand in the Garden State in the next two years.
“I think the growth is going to happen across the entire span of the industry,” Dean Paranicas, the HealthCare Institute of New Jersey’s president and chief executive officer, said. (Diamond, Gannett)