Largest U.S. Biotech Regions
The Bay Area is the nation’s largest region for biopharma jobs (51,255), businesses (1,377), VC investment ($1.231 billion last year), and NIH grants ($1.368 billion in FY 2011). The region also leads in lab space (20 million square feet, according to Aegis Realty).
The San Francisco and San Diego regions comprise most of California’s life-sci muscle. The Golden State has 2,323 companies generating about $115.4 billion in revenue (2010), a total 267,271 jobs, $1.92 billion in VC last year, and $3.535 billion in NIH grants (FY 2011).
Massachusetts universities, research hospitals, and research institutes won $2.507 billion in NIH grants (FY ’11), while biopharma companies have drawn $1.086 billion in VC funds (2011). Some 3.5 million plus square feet of lab space totaling more than $2 billion is being built by companies, research institutes, and developers, including Alexandria Real Estate Equities, Biogen Idec, Broad Institute, Novartis, Pfizer, and Vertex Pharmaceuticals.
Massachusetts’ 26,807 R&D jobs accounted for more than half (55%) of the Bay State’s total 48,657 biopharma jobs in 2010. Another 9,514 (20%) of Massachusetts’ biopharma jobs are in manufacturing. In recent years, Bristol-Myers Squibb (BMS) completed a $750 million bulk biologics manufacturing site in Devens, while Sanofi’s Genzyme subsidiary completed a new $175 million plant in Framingham, and Shire Human Genetic Therapies completed a $200 million plant in Lexington.
“As companies that are developing new technologies grow, they’ll choose not just to locate their R&D facilities here but their biomanufacturing facilities as well,” predicts Massachusetts Life Sciences Center (MLSC) spokesman Angus McQuilken.
One key reason why is grants and other incentives from quasi-public MLSC, which implements the 10-year, $1 billion Massachusetts Life Sciences Act enacted in 2008 by Governor Deval Patrick. Even before MLSC, state and local governments showered companies with tax breaks like the $60 million BMS won in Devens.
Patrick led a trade mission to China in 2007. This year, for the first time, Massachusetts promoted its diagnostics companies at the China Medical Equipment Fair in Shenzen, while MLSC’s president and CEO, Susan Windham-Bannister, Ph.D., addressed academic-industry collaboration at the International China Pharmaceutical R&D Summit in April in Shanghai.
“We have a growing level of interaction in China. Not as much yet in India, although that’s certainly an area of interest to us,” McQuilken said.