Research and Development in Biotechnology (except Nanobiotechnology) in Virginia
Revenue benchmarks for research and development in biotechnology (except nanobiotechnology) businesses operating in Virginia.
#23 of 50 states-63.7% vs national avg
Average Revenue
$4.2M
per year
Businesses
71
in Virginia
Revenue / Employee
$224K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
0.8
firms per 100K in VA
Total Revenue
$299.3M
all firms in VA
Total Employees
1,337
in VA
How Virginia Compares
National Average$11.6M
Virginia$4.2M
Difference$7.4M (-63.7%)