Welcome!

News Feed Item

10 Cities Where the Drug Business Thrives

New Report Identifies Top U.S. Cities for Pharmaceutical Research and Development

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
SYS-CON Events announced today that A&I Solutions has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 1999, A&I Solutions is a leading information technology (IT) software and services provider focusing on best-in-class enterprise solutions. By partnering with industry leaders in technology, A&I assures customers high performance levels across all IT environments including: mai...
SYS-CON Events announced today that EARP will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "We are a software house, so we perfectly understand challenges that other software houses face in their projects. We can augment a team, that will work with the same standards and processes as our partners' internal teams. Our teams will deliver the same quality within the required time and budget just as our partn...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that Tappest will exhibit MooseFS at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. MooseFS is a breakthrough concept in the storage industry. It allows you to secure stored data with either duplication or erasure coding using any server. The newest – 4.0 version of the software enables users to maintain the redundancy level with even 50% less hard drive space required. The software func...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software in the hope of capturing value in IoT. Although IoT is relatively new in the market, it has already gone through many promotional terms such as IoE, IoX, SDX, Edge/Fog, Mist Compute, etc. Ultimately, irrespective of the name, it is about deriving value from independent software assets participating in an ecosystem as one comprehensive solution.
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).