News Feed Item
10 Cities Where the Drug Business Thrives
New Report Identifies Top U.S. Cities for Pharmaceutical Research and Development
|By Marketwired .
|July 24, 2014 01:00 PM EDT
CHICAGO, IL -- (Marketwired) -- 07/24/14 -- They've got money, connections and hordes of eager college students. Ten U.S. cities head a new list of best places to develop and distribute drugs...of the legal kind, that is.
The 2014 JLL Global Life Sciences Cluster Report (EMBEDDED IN STORY: http://www.slideshare.net/JLL/top-us-clusters) analyzes the top cities where science and pharmaceutical innovation converge. Boston stands at No. 1, cited for its ability to attract venture capital and funding from the federal National Institutes of Health, in addition to industry-leading research and development resources.
"With its unprecedented concentration of uniquely skilled talent, leading hospitals, world renowned academic institutions, pharmaceutical research centers, and deep financial resources, Boston has long been the ideal place to start a new biotech company," said Glenn Batchelder, chairman of MassBio, a nonprofit organization of 620 biotechnology companies in Massachusetts, in a recent statement.
New kids on the block
San Diego and San Francisco come in at Nos. 2 and 3, respectively, largely because of their ability to attract small start-ups, mid-tier biotech firms and specialty companies that saw increases in year-over-year employment and establishments. San Francisco, for example, saw a staggering 15.2 percent increase in life sciences employment last year, by far the highest growth in any U.S. city.
That growth represents a significant trend in the pharmaceutical industry. Mergers and acquisitions altered the Big Pharma landscape in the wake of the global financial crisis, as many of the big companies consolidated their product portfolios. Today, small- to medium-sized companies and specialty players are growing steadily, propelling initial public offerings to a volume not seen since the "dot com" era.
"The right-sizing and reshuffling of the global biopharmaceutical companies has left its mark on key U.S. cities," said Roger Humphrey, executive managing director of JLL's Life Sciences group.
Here are JLL's 2014 rankings of the top 10 U.S. cities for life sciences, based on innovation, growth, revenue and prominence in the industry:
1. Greater Boston (no change)
2. San Francisco Bay Area (+1)
3. San Diego (-1)
4. Raleigh-Durham (no change)
5. New Jersey/NYC/Westchester (+2)
6. Los Angeles/Orange County (+2)
7. Philadelphia (-2)
8. Suburban Maryland/Metro Washington DC (-2)
9. Minneapolis/St. Paul (no change)
10. Seattle (no change)
Universities: The Core of Life Science Clusters
Want to be a center of pharmaceutical development and innovation? University campuses are a crucial part of the equation.
From the University of Massachusetts to Johns Hopkins University and the University of California Berkley, all of the top 10 cities boast nearby research institutions feeding the area's R&D pipelines, said Erin Bovee, lead researcher for the JLL study. "These universities serve as the bridge between basic research funded by NIH and other grants, and the in-depth exploration of new pharmaceutical products needed to attract private funding and bring the product to market," Bovee added.
Miles Wright, CEO of Xanofi, in Raleigh-Durham (No. 4 on JLL's list) said that much of the innovation in the life sciences industry couldn't be done without local universities. Xanofi develops nanofibers, which can be used to create artificial organ components and drug delivery applications.
"We see a lot of small companies coming out of universities," Wright said. "Now more than ever you have to have university research to be a successful life sciences cluster, including significant R&D spend in your area. Without that, it's pretty difficult to grow."
As of now, U.S. cities lead the world in pharmaceutical innovation, but that could be changing. In recent years, countries such as the Netherlands, Korea, the United Kingdom, Australia and Japan have all outpaced the United States in advanced research degrees, according to the National Science Foundation.
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming.
For more information, visit http://www.pulzzesystems.com.
Sep. 28, 2016 02:45 AM EDT Reads: 1,876
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care.
I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind.
Don't just log my data; use the relationship graph.
In his session at @ThingsExpo, Ryan Boyd, Engi...
Sep. 28, 2016 02:15 AM EDT Reads: 1,334
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 28, 2016 02:00 AM EDT Reads: 1,123
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Sep. 28, 2016 01:45 AM EDT Reads: 2,789
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications.
In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability.
Sep. 28, 2016 01:45 AM EDT Reads: 2,889
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams.
In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums.
John Paul is the CEO and Founder of VenueNext. Prior ...
Sep. 28, 2016 01:45 AM EDT Reads: 3,033
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Sep. 28, 2016 01:30 AM EDT Reads: 2,028
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures.
In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
Sep. 28, 2016 01:00 AM EDT Reads: 1,561
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments.
In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera M...
Sep. 27, 2016 11:45 PM EDT Reads: 2,982
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins.
However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Sep. 27, 2016 10:45 PM EDT Reads: 3,407
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 27, 2016 10:45 PM EDT Reads: 2,851
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal.
In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
Sep. 27, 2016 10:30 PM EDT Reads: 2,195
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Sep. 27, 2016 09:30 PM EDT Reads: 498
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA.
Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 27, 2016 09:30 PM EDT Reads: 2,979
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip?
It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that.
In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Sep. 27, 2016 08:30 PM EDT Reads: 2,048