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Location: That star on your map in the middle of the East Coast, DMV
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Originally Posted by kidphilly
DC and MD lack major pharma investment relative to the other areas Sure Gaithersburg is interesting but that cluster is relatively small compared to what you see in Boston or the Bay or Philly or North Jersey
its growing but in Biotech its still a ways to go and to reliant on a few companies It also continually struggles to get the best talent, especially on the commercial side oddly enough as it does so well in almost all other industries in this regard DC/MD does well here but there are few areas that are pretty far ahead of DC in Biotech
Agreed, just saying it certainly is strong enough a market to make the poll.
Boston is very big in Biotech but a statement like Boston then everyone else or period is either totally biased or totally uninformed
I might give a very very very slight edge to Boston over SF, but its really really really close and believe it or not North Jersey/NYC is really close to those two with Philly likely a solid 4 while Boston is no doubt a leader and huge in biotech it by no means has any vast hold it on. As someone (well pre covid) spends his career in biotech in Cambridge and the 128 corridor and North Jersey and the Bay and Philly etc (seattle and you name it) its not some aspect that is extremely differentiating in fact I don't think you can say Boston or the Bay leads and even that far in front of North Jersey. You completely miss actual Pharma funding which is the LARGEST driver by far, NIH and VC are not even close to what investments big pharma makes and generates in biotech
again not diminishing Boston as some amazing stuff and huge cluster but its not alone in this
NIH funding gives Boston a clear and significant lead over everyone else.
If you extend it to all Heathcare it’s closer but I always thought of Pharma as distinct from BioTech
Why are so many speaking so confidently about the DC area's weakness in biotech VC funding and not just looking it up; and someone posted a link to easily look at:
"third in patents (4943, just 32 ahead of San Diego), and fourth in lab space (with 22.5 million square feet according to Rockville, MD-based Scheer Partners, which measures the entire region [vs. JLL’s 9.5 million for “suburban Maryland”]). VC has improved from sixth in 2016: PwC/CB Insights ranks the region fourth with $944.07 million in 44 deals, but JLL tallies $1.1 billion, good enough for third. This year’s VC includes the $250 million Series A financing completed in February by Viela Bio in Gaithersburg, MD, formed when AstraZeneca spun off six pipeline candidates of its Gaithersburg-based MedImmune subsidiary."
After those three, there are really no other biotech clusters. You have to draw a big circle around the other areas to create a biotech region. For example, if you took a map of SD and put a pin in the Salk Institute and drew a circle with a 5 mile radius, you'd encircle about 1,000 biotech companies. I don't think this can be replicated anywhere else. Maybe Kendall Square.
Good points.
Interesting thing about Kendall Square was that it used to be a transitioning industrial area. Same with South San Francisco, Mission Bay, and Emeryville which are the three top biotech neighborhoods in the Bay Area. Meanwhile, Salk Institute and UCSD are surrounded by the amazing cliffs and beaches of La Jolla and Torrey Pines.
Boston hands down and the COVID-19 pandemic has increased lab presence by another 15%.
But SF/SJC is not far behind.
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