State bioscience sector grown to ‘critical mass,’ observer says

New biotech spinoffs expected at Presbyterian Health Foundation Research Park

BY PAULA BURKES Modified: April 29, 2012 at 1:16 am •  Published: April 29, 2012
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By the end of June, the remaining scientists of the Oklahoma Medical Research Foundation working at the Presbyterian Health Foundation Research Park are expected to have vacated their laboratories and offices there. But their departure is a sign of growth in the bioscience sector, observers say.

About 25 employees...

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Bioscience companies

The average yearly wage in Greater Oklahoma City is $37,773, compared with $45,439 for an employee of a bioscience company. Area bioscience firms have annual revenues of $4.1 billion and employ 27,800 workers with total compensation of $1.5 billion. Including indirect impacts, bioscience companies contribute $6.7 billion in economic activity to the region and support 51,000 jobs earning $2.2 billion in wages.

SOURCE: The Greater Oklahoma City Chamber

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