$5.2 Billion in Exports: This Israeli Industry is Very Healthy
Health-tech ‘report card’ for 2021 shows a thriving sector with about $5 billion invested and 1,800 active companies.
Israel 21C 25.11.2022
With mass layoffs hitting Israeli high-tech hard in the past few months, it was cheering to get a rosy report on the health of its life-sciences sector at the MIXiii Health-Tech.IL Conference in Jerusalem.
Highlights were presented by the report’s lead author, Omer Gavish, partner in PwC Israel and head of its Pharmaceuticals & Life Sciences division.
Gavish said there are approximately 1,800 active life-sciences companies in Israel, 80 percent of them founded in the last decade.
“This is an enormous number, and it’s about the same in 2022,” he said. “The majority, more than 60%, are in early stages.”
Image - Nati Shohat/Flash90
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