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Innovation Pharmaceuticals Salary

Innovation Pharmaceuticals Salary

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As of September 2026, the average annual salary for employees at Innovation Pharmaceuticals in the United States is $108,001. This translates to an approximate hourly wage of $52. Salaries at Innovation Pharmaceuticals typically range from $95,127 to $121,951 annually, reflecting the diverse roles and experience levels within the company.
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Is Innovation Pharmaceuticals’s Pay Competitive? Salary Benchmarking Analysis

How does Innovation Pharmaceuticals's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Paxal $96,725
-10.4%
Normalized for lower cost-of-living zones where Paxal primarily operates.
Ankyra Therapeutics Inc $109,077
+1.0%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Xenetic Biosciences Inc $106,271
-1.6%
Indicates identical technical requirements and experience levels between the two firms.
Molecular Life $110,385
+2.2%
Confirms Molecular Life is a direct competitor vying for the exact same talent pool.
Pharmaceuticals Industry $133,789
+23.9%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Innovation Pharmaceuticals's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Innovation Pharmaceuticals. Click a company name to learn more.

Employee Reviews: Working at Innovation Pharmaceuticals

Considering a career at Innovation Pharmaceuticals? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The work here is consistent, and expectations are clear. While the environment is traditional, it’s stable and reliable. One of the best companies I’ve worked for. This pharmaceutical company provides a supportive and dynamic work environment. Company supports career advancement.
Commented in March 30, 2025
34
2
While benefits are standard for the industry, there’s room for improvement in career advancement opportunities. The work environment is stable, It is exceptionally dynamic. The benefits are outstanding, and the work is impactful. Workloads are manageable, and processes are well-structured.
Commented in February 02, 2025
36
3
The collaborative culture makes coming to work enjoyable. The company provides ample resources to succeed in our roles. I appreciate the emphasis on employee well-being and continuous learning. The team is professional, and collaboration is seamless. Leadership is accessible and values employee input. The company fosters a culture of continuous learning. Salaries are competitive, and bonuses are p...
Commented in July 26, 2024
15
0

Innovation Pharmaceuticals Overview

Website
www.ipharminc.com
Founded In
2007
Employees
<25 employees
Industry
Pharmaceuticals
Headquarter Address
301 Edgewater Pl Wakefield Massachusetts MA 01880
Revenue
<$5 Million
Phone Number
+1 9789214125
Social Media
About Innovation Pharmaceuticals
Innovation Pharmaceuticals Inc., a clinical stage biopharmaceutical company, develops small molecule therapies to treat inflammatory diseases, cancer, dermatology, and anti- infective. Its lead drug candidate is Brilacidin, a therapeutic for the treatment of oral mucositis, inflammatory bowel disease, acute bacterial skin and skin structure infection, and COVID-19. The company is also developing K

What Benefits Does Innovation Pharmaceuticals Offer Beyond Salary?

A competitive compensation package is more than just a salary. Innovation Pharmaceuticals offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
Work at Innovation Pharmaceuticals?
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What Is the Cost of Living Near Boston?

Understanding the cost of living near Boston is key to truly evaluating a salary offer or your current compensation at Innovation Pharmaceuticals.
Boston's Cost of Living Index is approximately 153.2 (53.2% more expensive than US average; 15.5% more than MA average). Major historic US city, world-class universities/hospitals, extremely high housing costs, extensive MBTA transit. When planning your budget based on a salary from Innovation Pharmaceuticals, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Innovation Pharmaceuticals salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA LinkPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $500 - $750 Can be higher with more dining out or specialty stores.
Personal & Leisure $550 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $850+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,270 - $6,690+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Innovation Pharmaceuticals

1. What is the typical salary range (low to high) for most roles at Innovation Pharmaceuticals?

The typical annual salary range for most roles at Innovation Pharmaceuticals is approximately from $95,127 to $121,951. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Innovation Pharmaceuticals pay compared to Paxal?

The average annual salary at Innovation Pharmaceuticals is $108,001, or an hourly wage of $52, in comparison to Paxal which pays $96,725 per year or $47 per hour.

3. Do salaries differ significantly between departments at Innovation Pharmaceuticals?

Yes, salaries often differ between departments at Innovation Pharmaceuticals due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Innovation Pharmaceuticals?

Experience level is a significant factor in determining salary at Innovation Pharmaceuticals, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Innovation Pharmaceuticals in Boston is fair given the local cost of living?

To determine if a salary offer from Innovation Pharmaceuticals in Boston is fair, first compare the gross salary to our data for similar roles at Innovation Pharmaceuticals and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Boston" to understand its purchasing power.

6. Are the salaries listed for Innovation Pharmaceuticals on Salary.com pre-tax or after-tax?

All salary figures displayed for Innovation Pharmaceuticals, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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