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Executive Summary of the Economic Impact Study: Profiling the Growth of Oregon’s Bioscience Industry, 2014

Bioscience in Oregon is now not only at $10.3 billion statewide impact, the combined biotechnology and life science sectors are continuing in their steady and significant growth in employment, wages and overall economic activity that ripple through every sector of Oregon.

The new economic impact study shows bioscience in Oregon generates high-paying jobs, while bringing new money to the state through domestic and international exports. In 2014, the direct economic activity associated with Oregon’s bioscience industry includes:
  • 17,874 jobs and $1.3 billion in total wages,
  • An average annual wage of $74,188, which is 62 percent greater than the statewide average wage for private sector employment,
  • $3.8 billion in exports, and
  • $171.5 million in state and local taxes paid by bioscience firms and their employees
Read the summary and full report to get more details on how these impacts multiply.

Executive Summary

FINAL Oregon Bio ExSum 06 27 16
             Full Report

FINAL Oregon Bio FullReport 06 27 16


News Flash

  • OHSU's HIV researcher wins more than $14 million

    Lynne Terry, Oregonian

    Federal officials have given $42 million to top HIV researchers, including Dr. Louis Picker of Oregon Health & Science University.

    Picker has developed one of the most promising HIV vaccines in the country. He'll get a little over a third of the grant from the National Institutes of Health. The same amount will go to Dr. Dan Barouch of Harvard Medical School. Barouch has a promising vaccine that uses a different approach. Six other scientists will share the rest of the money by performing analyses for the two researchers.

    The five-year grant will give Picker and Barouch time to figure out how their approaches to a preventative vaccine are working and then to combine them in hopes of finding a cure.

    Picker said he's relieved to get the grant funded.

    "All of my grants from the past five years are ending so I had to work really hard to renew them," Picker said. "The mission is accomplished. We can keep the USS Enterprise on course for another five-year mission."

    Picker's vaccine eliminated the virus that causes AIDS from 50 to 60 percent of monkeys who's been infected. His approach involves using a herpes virus, cytomegalovirus, to train the immune system to fight HIV so that when cells get infected it attacks. Barouch, who's had about the same success rate in monkeys, relies on antibodies to clear the virus.

    It only takes one potent virus to set up shop in the body. The idea is that Barouch's vaccine could limit the number of infected cells and that Picker's approach could clear out the rest.

    "Stopping HIV may require a combination of vaccine approaches to get full protection," Picker said.

    First, Picker and Barouch have to figure out how their approaches work. Barouch will look at the antibodies and Picker will study killer T cells. Their work on monkeys and the analyses by the other scientists should give them a wider understanding of the science behind the vaccines.

    Picker plans the first human trial with his vaccine next year. The first phase will focus on safety. Barouch is now conducting his second safety trial with his approach. After that comes trials that look at how effective the vaccines are.

Bioscience News

  • “Americans will be paying a bit more for their Fourth of July barbecues this year, but the American Farm Bureau Federation (AFBF) says the tab can still come in at less than $6 a person,” AgriPulse reported in its June 29th newsletter. A total of 79 Farm Bureau members (volunteer shoppers) in 26 states checked retail prices for summer cookout foods at their local grocery stores for this informal survey. AgriPulse reported the results: “Meat prices are helping Read More >

  • In a recent Bloomberg interview, Microsoft founder and noted philanthropist Bill Gates debunked much of the recent criticism of the biopharmaceutical industry and the drug pricing system in the United States, stating: “The current system is better than most other systems one can imagine … The drug companies are turning out miracles, and we need their R&D budgets to stay strong. They need to see the opportunity.” Gates also praised the innovations that are coming Read More >

  • Do you remember in 2013 when a large group of angry farmers attacked and destroyed a field trial of genetically modified rice in the Philippines? It made headlines across the globe because GM rice has shown to have the potential to reduce Vitamin-A deficiencies causing blindness and death in many children living in the developing world. We later learned that these attackers weren’t all farmers but in fact were mostly Greenpeace activists. Ironic since Greenpeace’s motto is to “change attitudes and Read More >

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