Florida Pharmaceutical News

Florida’s pharmaceutical industry is growing thanks in part to the support of local administrators. The South Florida Business Journal reports that community leaders in Broward County, Florida, helped bring a Venezuelan pharmaceutical company to the area by offering the firm $500,000 in incentives.
Over the next several years, the company will be required to create new jobs with average annual wages of $49,555 to receive the financial benefits. If the firm bolsters its work team, pharmaceutical specialists could help the local economy prosper.
South Carolina’s Spirit Pharmaceuticals is investing $12.2 million in its U.S. operations to improve its reputation. According to WLTX, the company, which makes generic medications for CVS Pharmacy and Walgreens, is developing a new facility in Clarendon County. The work site will handle manufacturing and production operations and provide essential support to Spirit in the near future.
“It’s an exciting time for our company,” Spirit CEO Ajoy Joshi told the news source. “South Carolina offers us an excellent business climate, a talented workforce and the infrastructure we need to be successful.”
If U.S. pharmaceutical companies continue to invest in the southeastern portion of the country, the nation’s economy could reap the rewards of an increasing overall workforce.
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