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essential2pharmaceuticals

Most of the $48 billion the chemistry industry spends every year in research and development goes toward developing new pharmaceuticals. An analysis by the Columbia Business School shows that every $15 billion invested in pharmaceutical research and development saves 1.6 million lives annually. That’s equivalent to saving a city the size of Philadelphia every single year.

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lifesaving

The chemical industry creates the majority of raw materials used in lifesaving healthcare products such as sutures, tubing, IV components, filters, scalpels and gloves.


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