An industry known for having deep pockets, the biotechnology and pharmaceutical sector is one of this year's InformationWeek 500 top spenders on IT salaries and budgets (39%), tying with consumer goods and one-upped only by energy and utilities (40%) and the biggest spender on IT salaries, insurance (44%). It also recorded one of the larger percentages of annual revenue devoted to IT -- 3.3%. Surprisingly, R&D gets only 4% of the budget. The charts below outline the business, technology, and budgeting strategies of the biotechnology and pharmaceuticals companies selected in the InformationWeek 500.

		Inside Biotechnology & Pharmaceuticals 3.3% of Industry's Annual Revenue Devoted to IT 43% of IT Budget Devoted to New Projects 44% of Companies Expecting 2006 IT Spending to Exceed 2005 Business Change 30% Creating New Products/Services for Customers in 2006 89% with Global Supply Chain 11% Deploying Business Intelligence Tools to Raise Productivity