Research and Development in Biotechnology (except Nanobiotechnology) in West Virginia
Revenue benchmarks for research and development in biotechnology (except nanobiotechnology) businesses operating in West Virginia.
#41 of 50 states-84.2% vs national avg
Average Revenue
$1.8M
per year
Businesses
3
in West Virginia
Revenue / Employee
$90K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
0.2
firms per 100K in WV
Total Revenue
$5.5M
all firms in WV
Total Employees
61
in WV
How West Virginia Compares
National Average$11.6M
West Virginia$1.8M
Difference$9.8M (-84.2%)