?A Hotspot for Pharmaceutical Manufacturing
Puerto Rico is one of the most important biopharmaceutical manufacturing centers in the world, with more than 50 years of experience in pharmaceutical manufacturing and 30-plus years of experience in sterile pharmaceutical manufacturing.
With 49 FDA-approved pharmaceutical plants scattered across the island, Puerto Rico is home to top multinational pharmaceutical companies, including Astra Zeneca, Abbott-Abbvie, Bristol-Meyers Squibb, Merck, Pfizer, Eli Lilly and numerous others. Many companies operate more than one site on the island.
Two dozen different kinds pharmaceutical products are manufactured in Puerto Rico: antihypertensive drugs, tranquilizers, laxatives, anti-diabetic drugs, vasodilators, antibiotics and contraceptives, among many others. At last count, 12 of the top 20 pharmaceutical companies have presence on the island.
Experienced, Competitive Workforce
With five decades of pharmaceutical manufacturing under its belt, Puerto Rico has a highly experienced workforce knowledgeable in GMP, FDA and other global regulations. Although 60% of employees in the life sciences have at least a bachelor's degree, Puerto Rico offers the lowest labor costs of any region under U.S. jurisdiction – with hourly earnings in manufacturing averaging 65 to 80% of the U.S. average.