Biotech Companies Provide High Median Salaries, Analysis Shows

biospace | May 09, 2019

For young people looking to find a career path, the pharmaceutical industry is a good one to go into, especially if salary is a major concern. A recent analysis from the Wall Street Journal highlighted some of the best-paying jobs in the biotech industry. At the top of the list of companies offering impressive compensation packages is New Jersey-based Celgene. According to the analysis, Celgene had the highest-paid median employee in the sector with annual compensation of $263,237. Celgene, which makes the blockbuster cancer drug Revlimid, was acquired earlier this year by Bristol-Myers Squibb for $74 billion. According to PayScale, the average salary at BMS is $102,000. The Journal’s analysis ranks Boston-based Vertex as the number two company for best median compensation. Vertex, which dominates the cystic fibrosis market, provides a median salary of $232,178.

Spotlight

The ISAAA report shows the global biotech crop area increased in 2017 by 3 percent or 4.7 million hectares. This increase is due primarily to greater profitability stemming from higher commodity prices, increased market demand both domestically and internationally, and the presence of available seed technologies.

Spotlight

The ISAAA report shows the global biotech crop area increased in 2017 by 3 percent or 4.7 million hectares. This increase is due primarily to greater profitability stemming from higher commodity prices, increased market demand both domestically and internationally, and the presence of available seed technologies.

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Mogrify | January 11, 2021

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CELL AND GENE THERAPY

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ElevateBio | November 25, 2021

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Xylyx Bio | August 27, 2020

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