But they're paid handsomely for the work, a new analysis from biotech publication Endpoints News shows. Correspondent Andrew Dunn compiled public information from hundreds of biotech and pharma companies to reveal the median salaries they pay their workers.
Endpoints found that the companies with the highest median pay tended to be smaller, and based in biotech hubs like San Francisco, San Diego, or the Boston area.
Cytokinetics is focused on cardiovascular diseases. The company has offices in South San Francisco and Wayne, Pennsylvania, and has 409 employees.
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SpringWorks Therapeutics: $433,241
SpringWorks is focused on treating rare tumors and certain kinds of cancer. The company is headquartered in Stamford, Connecticut and has an office and lab in Durham, North Carolina. The company had 227 full-time employees as of December 31.
Madrigal Pharmaceuticals: $441,396
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Madrigal is focused on the liver disease known as NASH, or non-alcoholic steatohepatitis. The company is headquartered in the Philadelphia suburb of West Conshohocken, Pennsylvania, and had 92 employees as of February 20.
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Mirati Therapeutics: $477,039
Mirati is working on cancer treatments, and won regulatory approval for a lung-cancer drug late last year. The San Diego-based company had 593 workers as of December 31.
Akero Therapeutics: $515,516
Akero is working on treatments for the liver disease NASH. The company is based in South San Francisco and had 38 full-time employees as of February 28.
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Anavex Life Sciences: $674,500
Anavex is working on treatments for diseases like Alzheimer's and Parkinson's. The company is based in New York City and said in its annual report that it has 38 full-time workers.
Last year, Bristol-Myers' median pay stood at $112,174, the highest among all Big Pharmas that have reported such data. It marked a 1.2% increase from 2017. But of course, as we summarized in the introduction to this report, cross-company comparisons can be problematic.
Last year, Bristol-Myers' median pay stood at $112,174, the highest among all Big Pharmas that have reported such data. It marked a 1.2% increase from 2017. But of course, as we summarized in the introduction to this report, cross-company comparisons can be problematic.
What is the highest paying biotechnology job? From our research, it's clear that the best paying biotechnology career is a Chief Medical Officer, with the average annual salary in the US being $227,380.
1. Pfizer Inc (US) Pfizer is the world's largest research-based pharmaceutical company. Its research headquarters are located in Groton, Connecticut, America.
A mid-career Pharma Company with 4-9 years of experience earns an average salary of ₹3.2 Lakhs per year, while an experienced Pharma Company with 10-20 years of experience earns an average salary of ₹5.9 Lakhs per year.
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