- Associated Press - Wednesday, August 3, 2016

CHARLESTON, S.C. (AP) - State officials want to expand the medical technology industry in South Carolina and are embarking on a $100,000 study with a trade group to find ways to do so.

The Post and Courier of Charleston reports (https://bit.ly/2aI5Diq ) that the state Department of Commerce is putting up half the cost of the study while the rest of the money is coming from the South Carolina Biotechnology Industry Organization which is based in Greenville.

The industry includes everything from designing medical devices to making drugs. The study will assess the size of the existing industry and look at ways to expand it.

Generally the industry is centered at the state’s three research universities as faculty research helps generate startup companies. It is estimated the industry employs about 14,000 people statewide.


Information from: The Post and Courier, https://www.postandcourier.com

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