Utah Life Science Association
Presents
Utah’s Bioscience Technology Industry Complex
A Census and Analysis of the Biotechnology, Medical Technology and Life Systems Technology Industries in the State of Utah
Dr. Kelvin W. Willoughby Director, Industrial and Business Initiatives, College of Engineering and Applied Sciences, State University of New York at Stony Brook & President, Willoughby International Incorporated
Final Report of a Research Project for the
Utah Life Science Association and the State of Utah, Division of Business and Economic Development
with support from
Ernst & Young LLP , Salt Lake City
First Security Bank , Salt Lake City
Madson & Metcalf PC , Salt Lake City
Utah Life Science Association
Presents
Utah’s Bioscience Technology Industry Complex
A Census and Analysis of the Biotechnology, Medical Technology and Life Systems Technology Industries in the State of Utah
Dr. Kelvin W. Willoughby Director, Industrial and Business Initiatives, College of Engineering and Applied Sciences, State University of New York at Stony Brook & President, Willoughby International Incorporated
Final Report of a Research Project for the
Utah Life Science Association and the State of Utah, Division of Business and Economic Development
with support from
Ernst & Young LLP , Salt Lake City
First Security Bank , Salt Lake City
Madson & Metcalf PC , Salt Lake City
Utah Life Science Association
Kelvin W. Willoughby, Utah’s Bioscience Technology Industry Complex (Salt Lake City: Utah Life Science Association, 1998).
Final Report of a Project conducted by Willoughby International Incorporated for the Utah Life Science Association and the State of Utah, Division of Business and Economic Development
November 1998
We express special thanks to the following groups for their input and support of this project: State of Utah, Division of Business and Economic Development Utah Life Science Association Ernst & Young LLP , Salt Lake City First Security Bank , Salt Lake City Madson & Metcalf PC , Salt Lake City
© 1998, Kelvin W. Willoughby.
Willoughby International Incorporated PO Box 839 Stony Brook New York 11790 Telephone: (516) 941-1264 Facsimile: (516) 941-1269 E-mail: [email protected]
Utah’s Bioscience Technology Industry Complex [iii]
Acknowledgments
The following people deserve thanks and recognition for their support and contributions during this project ...
Mei Lin Wan & Amy Chia
… for providing cheerful, diligent, persistent and intelligent research assistance throughout the project, during seemingly endless hours of telephone calls, data collection, data entry, data organization, and data preparation
Brian Moss (President & Executive Director, Utah Life Science Association)
… for conceiving the idea for the project, and for providing the necessary organizational and managerial support, and imprimatur, of the Utah Life Science Association from the project’s conception to its completion
Thomas Heath
… for providing valuable advice on the pharmaceuticals industry and on the classification of pharmaceuticals technologies, products and companies
Kelvin Willoughby, Stony Brook, New York, November 1998
© 1998, Kelvin W. Willoughby. Utah’s Bioscience Technology Industry Complex [iv]
Utah’s Bioscience Technology Industry Complex [v]
Utah’s Bioscience Technology Industry Complex
A Census and Analysis of the Biotechnology, Medical Technology and Life Systems Technology Industries in the State of Utah
Dr. Kelvin W. Willoughby
Executive Summary
UTAH’S BIOSCIENCE TECHNOLOGY INDUSTRY HAS COME OF AGE
Utah’s bioscience technology industry, comprising well over one hundred firms devoted to technological business activities related to the life sciences, i