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Fast Facts: Biotechnology

Estimated percentage of life science PhD graduates who leave academia to join the workforce: 95 percent
Average salary for biochemists and biophysicists, 2007: $85,290
Revenues reported by the U.S. biotechnology industry, 2005: Over $50 billion
Number of new medical therapies and vaccines developed by biotechnologists: Over 200

Sources:
Biotechnology Industry Organization
U.S. Bureau of Labor Statistics

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