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Study shows growing impact of life sciences industry

Indiana‘s life sciences industry continues to generate money and jobs.

A report shows the total economic impact to the state tops $55-billion.  

The data is from 2012 and was generated by the Indiana Business Research Center at the IU Kelley School of Business and BioCrossroads.

It indicates Indiana has jumped to number-two in exports just behind California.

The study also shows the number of workers stayed steady in 2012 with 55,000 people at nearly 1,900 companies.

BioCrossroads spokesperson Lori Leroy says those companies work in the areas of drugs and pharmaceuticals, medical devices and equipment, agricultural chemicals and feedstock, medical, research and testing laboratories.   

She says jobs in the life sciences industry also pay well-- workers earn nearly $5-billion in annual wages.