Puerto Rico secures $90M in manufacturing, 250 new jobs
August 21, 2025
Terumo expands in Caguas, Millicent Pharma enters Fajardo market. #NewsismyBusiness
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Puerto Rico CofC president backs inventory tax pause to ease tariff costs
April 17, 2025
Luis Pizarro-Otero says the moratorium could help offset the impact of the U.S.-China trade war. #NewsismyBusiness
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2024 Puerto Rico exports rise driven by strong pharma industry
April 16, 2025
Pharmaceutical manufacturing in Puerto Rico has been thriving for more than six decades. #NewsismyBusiness
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Report: Puerto Rico bioscience jobs up 14.3% since ’19
December 4, 2024
The local sector employed 42,483 individuals in 2023, compared to 37,170 jobs in 2019. #NewsismyBusiness
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Netherlands-based IMCD acquires Puerto Rico’s Sachs Chemical
August 2, 2023
The European distributor aims to expand its presence in the advanced materials markets in the Central America region. #NewsismyBusiness
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Resident Commissioner, W.H. delegation visit pharmaceuticals, aerospace co.’s
August 19, 2020
For the second day this week, a delegation of White House officials hosted by Puerto Rico’s Resident Commissioner Jenniffer González toured several pharmaceuticals and aerospace companies on the island, in an effort to lure new business for the economy. The goal is to show the island’s “capacity and infrastructure to host multinationals, showing the diversity […]
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PIA: Most PR pharmas energized, restarting production
November 9, 2017
Puerto Rico’s pharmaceutical manufacturing sector took a major hit from Hurricanes Irma and María in September, but are in recovery mode and back in production to ensure continuity in the availability of medications in Puerto Rico and globally, Jaime Palacios, president of the Pharmaceutical Industry Association said Wednesday.
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FDA acts to avoid shortages of medications made in PR
September 27, 2017
The head of the U.S. Food and Drug Administration, Scott Gottlieb said this week the agency is “doing all it can” to support the immediate needs of Puerto Ricans after Hurricane María’s destruction, as well as ensure supplies of critical drugs produced on the island.
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Op-Ed: What is Puerto Rico selling?
June 9, 2015
Is our current political status limiting our economic potential? That was the controversial question that was asked during last year’s ALPFA Puerto Rico’s marquee event, when a panel of five senior executives from the corporate, nonprofit and entrepreneurial sectors answered questions about our island’s most pressing problem: How to stop the infamous “brain drain.” It […]
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Bayer AG picks up Merck Consumer Care unit for $14.2B
May 6, 2014
Two pharmaceutical giants, Bayer AG and Merck, announced this morning a deal through which the first has agreed to pay $14.2 billion for the latter’s Consumer Care Unit, picking up global trademark and prescription rights for a number of recognized brands, including Claritin and Afrin.
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Glaxo exec Connelly talks of need to transform pharmas
November 1, 2013
It was five years ago that manufacturing giant GlaxoSmithKline North America Pharmaceuticals took a step back to assess the way it was doing business.
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Pharmaceutical industry preparing for transformation
October 28, 2013
The Puerto Rico Pharmaceutical Industry Association will be hosting its 24th annual convention this week, when local and stateside speakers will discuss strategies that companies can apply to transform for a better future — this year’s theme.
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AGP economic team patching things up with pharmas
January 10, 2013
Gov. Alejandro García-Padilla’s economic team is working on patching things up with pharmaceutical companies doing business in Puerto Rico, which they said Wednesday have “lost trust” in the island’s government.
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Island remains strong bioscience player, despite 14.7% job exodus
June 21, 2012
Puerto Rico is among a select group of U.S. jurisdictions specializing in four of the five sectors that make up the thriving bioscience industry and is among a handful of states boasting a significant employment base and a specialized concentration of jobs in drugs and pharmaceuticals, according to the findings of the “Battelle/BIO State Bioscience Industry Development Report” released Wednesday.
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Study: P.R. struggling to retain pharma investments
January 12, 2012
Puerto Rico Puerto, the second largest investment destination in the region, is struggling to retain its position as a “viable value proposition” for pharmaceutical companies that have significantly scaled back their investments on the island in the last four years, a recently released study by Jones Lang LaSalle a global real estate services firm concluded.
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