Top Five Regions For Biotech Companies
Filed in archive Corporate and Industrial News on January 26, 2006
You've read all about them here in the Biotech Weblog: Biotech centers sprouting all over the world and doing their best to attract biotech companies and talents to set up shop on their territories. FierceBiotech releases a special issue, naming the Top Five Regions Targeting Biotech Companies:
- California
California is building on one of the biggest life sciences bases in the world. Amgen and Genentech are just two of the biotech stars based in the state, and Stanford recently announced plans to develop a new biotech center of its own.
- Maryland and the I-270 Tech Corridor
Biotech firms benefit from from Maryland's world-class medical research institutions. University of Maryland Baltimore's new $200 million BioPark has already inked its first big tenant. That I-270 tech corridor has become a hot property in the biotech world, drawing in a big vaccine plants from BioPort and Nabi Biopharmaceuticals as well.
- New Jersey
It's added $50,000 bridge grants to help a biotech company move from Phase I to Phase II. Also, the Biotechnology Council of New Jersey has helped establish an umbrella group--The New Jersey Biotechnology Life Sciences Coalition--to help market the state to the industry.
- Singapore Biopolis
Bio*One Capital operates four life sciences funds with a $1.2 billion portfolio. Bio*One also operates a separate group that offers seed funding and early-stage development funds that will dispatch scientists and entrepreneurs to help new managers grow their businesses.
- Wisconsin
The State of Wisconsin Investment Board, armed with billions in pension cash, has also committed to investing another $50 million with venture funds on top of the $135 million it's already channeled in that direction.
Read the full article from FierceBiotech, and learn more how these regions are attracting biotech businesses.
California is building on one of the biggest life sciences bases in the world. Amgen and Genentech are just two of the biotech stars based in the state, and Stanford recently announced plans to develop a new biotech center of its own.
Biotech firms benefit from from Maryland's world-class medical research institutions. University of Maryland Baltimore's new $200 million BioPark has already inked its first big tenant. That I-270 tech corridor has become a hot property in the biotech world, drawing in a big vaccine plants from BioPort and Nabi Biopharmaceuticals as well.
It's added $50,000 bridge grants to help a biotech company move from Phase I to Phase II. Also, the Biotechnology Council of New Jersey has helped establish an umbrella group--The New Jersey Biotechnology Life Sciences Coalition--to help market the state to the industry.
Bio*One Capital operates four life sciences funds with a $1.2 billion portfolio. Bio*One also operates a separate group that offers seed funding and early-stage development funds that will dispatch scientists and entrepreneurs to help new managers grow their businesses.
The State of Wisconsin Investment Board, armed with billions in pension cash, has also committed to investing another $50 million with venture funds on top of the $135 million it's already channeled in that direction.
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