Join Life Science Tennessee to advocate for state and national policies that help build our industry in Tennessee and expand our reach across the world. Today, the life science industry in Tennessee employs more than 40,000 people at an average wage of $103,000 per year.
Together the life science industry is one of the most compelling and important industries in our state and our nation. We create and deliver cutting edge advances in health care; we bring fuel for our industrial economy; and we support advances in plant and animal technology to bring food for a growing and healthier world population.
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Leading Policy Agenda Item
Recognize the Importance and Value of Medical Advances
Life Science Tennessee urges Congress to bear in mind the true value of medical innovation during ongoing discussions about the cost of drugs, biologics, and medical devices. New therapies for advancements in personalized medicine, vaccines, and pain management are curing previously incurable diseases and transforming care delivery to patients. These innovations limit health care costs overall by effectively treating patients and minimalizing hospitalizations. Many companies in our state research and develop these life-saving therapies, while providing high-paying jobs to Tennesseans.
The nation’s bioscience industry employed 2.1 million employees across more than 127,000 U.S. business establishments in 2021. In Tennessee, more than 44,000 people are employed across 2,899 businesses.
If the U.S. were to initiate restrictive pricing and access, it would seriously harm investment in the next generation of medical breakthroughs.