Israel is host to some 1,600 life sciences companies that employ more than 83,000 people, and the industry attracted a record $1.5 billion in 2018, up 25 percent year on year, according to a report released by Israel Advanced Technology Industries (IATI), the umbrella organization of the high-tech and life sciences industry in Israel, on Tuesday.

IATI’s 2019 Israeli Life Sciences Report was released at the opening of the 2019 MIXiii Biomed conference and exhibition taking place on May 14-16 in Tel Aviv.