SUGAR LAND, TX -- (Marketwire) -- 02/29/12 -- Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- Barely two months into the new year, it is time to buckle up and enjoy the wild ride known as the Pharmaceutical-Biotech Industry. In January 2012, the industry as a whole had more than $17 billion in capital and maintenance projects scheduled to kick off this year. A scant month later, that total has dropped to slightly more than $16 billion. Thanks in no small part to the Obama administration's financial decisions, $695 million destined for the National Bio and Agro-Defense facility in Manhattan, Kansas, has been pushed out of 2012, as its budget is reworked.
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