BIO was founded in 1993 as the Biotechnology Industry Organization, and changed its name to the Biotechnology Innovation Organization on January 4, 2016. BIO serves more than 1,100 biotechnology firms, research schools, state biotechnology centers and related associations in the United States and in more than 30 other countries.
BIO holds a trade meeting each year in the United States, which are essential for the business development and partnering activities that are required in the biotechnology sector, in which it is expensive to develop products, timelines to develop products are long, and regulatory risks are high.
In 2018 the BIO International Convention was held in Boston and was attended by 18,289 delegates from 49 states, the District of Columbia and Puerto Rico and 67 countries. The event held over 46,916 One-On-One Partnering Meetings.
BIOs members include companies that make Pharmaceutical drugs, biofuels, industrial enzymes, and genetically modified crops. As of 2016, it represents 1,100 biotech companies in all 50 U.S. states, which employ 1.61 million Americans and support an additional 3.4 million jobs.
According to to en.wikipedia
