Our Mission
Drive an environment that strengthens Puerto Rico’s bio-pharmaceutical industry’s global competitiveness and improves healthcare outcomes for its citizens.
Our Strategy
- Improve competitiveness to retain and attract operations to Puerto Rico.
- Improve Patient Outcomes
- Build Social Capital
- Build Strong Networks with Key Stakeholders
- Strengthen PIA’s Position and Capabilities
There are 3 permanent committees:
- Business Social Capital
- Government Affairs
- Quality Assurance
As of 2022, the pharmaceutical industry generates around 18,000 direct jobs in Puerto Rico. The pharmaceutical industry provides a major market for other island industries, small businesses and professional organizations that provide an ample range of goods and services including manufacturing components; food services; architectural design, and engineering; medical, legal and banking services; insurance; transportation; communication; and tourism, among others. In total, 8 of the 15 main biopharmaceutical companies in the world have manufacturing operations in Puerto Rico.
In terms of employment, the sector’s activity generates over 69,400 indirect and induced jobs in the rest of the economy. The impact of the pharmaceutical industry on the local economy is also evident through its payroll. Currently, the average wage among production workers is among the highest salaries paid in Puerto Rico. The pharmaceutical industry represents 18% of the Island’s Gross Domestic Product. And, in 2022, Puerto Rico exports in the pharmaceutical industry represented about 70% of all exported commodities.
