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Hoosiers Work for Health Highlights Impact of Medical Research and Innovation on Indiana Economy
Date:3/26/2009

that is the driving force behind improving health care for millions of Americans and strengthening local and regional economies. This network seeks to demonstrate to federal policymakers, key opinion leaders and the media the need for strong public policy to promote innovation and, along with it, the health of Hoosiers and the economy.

"Many of the companies involved in the biopharmaceutical industry in Indiana also provide philanthropic outreach in local communities through grants and programs, supporting access to affordable health coverage and medicine, primary and secondary education, social services, arts and other community needs," said Bart Peterson, co-chair of Hoosiers Work for Health. "Our partners significantly contribute to the overall economic strength of the Indiana communities in which they are involved. By creating jobs, providing growth opportunities for related industries, fostering higher education in science and math, and generating tax revenue, this network creates a strong foundation that will help to provide stability and prosperity in the future."

In conjunction with today's kickoff rally at the Indiana Statehouse, Hoosiers Work for Health released a new economic study underscoring the biopharmaceutical industry's impact on Indiana's economy.

The new economic study, entitled The Biopharmaceutical Sector's Impact on the U.S. Economy: Analysis at the National, State, and Local Levels, was conducted by Archstone Consulting and Dr. Lawton R. Burns, Director, The Wharton Center for Health Management and Economics at The Wharton School, University of Pennsylvania, and was commissioned by the Pharmaceutical Research and Manufacturers of America (PhRMA) to evaluate the impact of this research-intensive industry.

The study showed that the presence of biopharmaceutical companies, and the jobs they support, make substantial contributions to state economies. By a
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SOURCE Hoosiers Work for Health
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