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BIOSCIENCE

INDUSTRY IN PUERTO RICO

A legacy of 60 years of excellence and going strong

The pharmaceutical industry is the backbone of Puerto Rico’s economy. It was responsible for transitioning the Island from a 19th century agricultural economy into a 20th century industrialized jurisdiction. For over 60 years companies from overseas have established their operations in Puerto Rico, recognizing the unique advantages that make it the ideal investment destination. The Island stands out for its strategic location, its highly skilled and educated workforce, competitive cost structure, favorable business environment, attractive incentives, government support and well-established infrastructure; all within the security of U.S. protections and legal framework.

Today, Puerto Rico is an industrial economic powerhouse that continues to move forward with a well-defined vision and strategy for attracting new BioScience companies and investment while driving growth.

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Uniquely Positioned Across 5 Subsectors

Decades of success in pharmaceutical manufacturing

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  • 50+ years of experience has inspired support networks for every stage of the pharmaceutical business, from planning and designing to construction and plant management

  • 8.6x more pharmaceutical experts than the national average

  • Local expertise and research have helped Puerto Rico become a global leader in innovating the manufacturing process

  • 46 FDA approved pharmaceutical plants

  • 53 establishments and more than 13,000 direct employees

An emerging industry with no seasonal down cycles

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  • 10 Agbio stations

  • Year-round continuous farming due to excellent growing weather and a drought-resistant southern coast due to high quality aquifers

  • Time- and temperature-sensitive logistics expertise is why 85% of seeds used globally pass through Puerto Rico

  • Companies in Puerto Rico play a key role in the industry’s value chain worldwide

  • Specialized academic programs in agricultural science and mechanization

Professional expertise in medical device manufacturing

  • Local excellence in medical device manufacturing and regulatory compliance has made Puerto Rico the home of 15 of the top 20 class device manufacturers

  • 5.5x more subsector experts than the national average

  • 70+ medical device manufacturing plants

  • 2,500 different products manufactured

  • 20,000+ direct jobs (#1 employment generator in local manufacturing)

A strong focus on research and development

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  • Public and private universities that focus on engineering, biomedical sciences, and best business practices

  • $83 million in funding from NSF and NIH in 2019 helped support university and industry partnerships

  • Strong ecosystem that links federal funds, research institutes, and the academy to specialize in unique fields like tropical biodiversity, pharmaceutical chromatography, and reducing disparities in Hispanic health outcomes

    Puerto Rico leads the country in density of medical and diagnostic laboratories: ELQ (3.42) and WLQ (2.92)

A well-oiled logistics system in a strategic location

  • Puerto Rico has a sophisticated logistics system designed for the high security transfer of controlled substances including a vault that holds over 700 pallets

  • Cold storage and vapor lock transfer systems to manage vulnerable products requiring precise climate-controlled environments

  • Strategically situated between the Americas and Europe with the capabilities to service all markets

  • Three international airports and 11 seaports give Puerto Rico-based companies many options for exporting and importing whatever products needed for business operations

  • Because of the long history of BioSciences, logistics companies are specialized in handling, storing, and shipping time- and temperature-sensitive materials

    PRIMEX, the Island’s NIST sponsored MEP, is ranked #1 in the U.S. for delivery of process improvement support

BioSciences Landscape

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BIOTECH & PHARMA
AGBIO
MEDICAL DEVICES
UNIVERSITIES

Reshoring Manufacturing

Current world events have exposed the vulnerability of U.S. drug manufacturing, as up to 90% of the key ingredients used in generic drugs are made oversees, particularly in China. As COVID-19 and other events continue to threaten global supply chains, Puerto Rico’s substantial pharma presence is ideally positioned to pivot BioScience manufacturing back to the U.S.

Currently the U.S. is highly dependent on production in China:

of heparin

of acetaminophen

of APIs

of U.S. antibiotics, vitamin C, ibuprofen and hydrocortisone

Invest Puerto Rico is committed to redoubling industry opportunities for BioSciences companies to the island. With a current national focus on attracting even more medical supply and pharma manufacturers, Puerto Rico is primed to boost production to unprecedented levels, attract additional manufacturers to the island and reaffirm its position as the essential manufacturing hub in the U.S.

Benefits of Puerto Rico-based operations

POTENTIAL IMPACT ON U.S. ECONOMY IF 50% OF U.S. BIOSCIENCE IMPORTS WERE RE-SHORED

12 of the world’s 20 top grossing pharmaceutical companies have operations in PR:

Johnson & Johnson
Roche
Pfizer
Novartis
Merck & Co.
GlaxoSmithKline

AbbVie
Abbott
Eli Lilly
Boehringer
Amgen
BMS

15 of the 20 class 3 medical device manufacturers have operations in PR:

Medtronic
Thermo Fisher Scientific
GE Healthcare
Fresenius

Abbott
Cardinal Health
Stryker

Puerto Rico has so much more to offer

The best part of working in Puerto Rico has little to do with work

Get ready to bring your business to Puerto Rico

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