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For decades, a few areas around Boston, San Francisco, and New York have dominated the U.S. pharmaceutical and biotech industry. However, these regions are not the only regions active in the life sciences industry.
Cities outside of these major hubs are beginning to make a name for themselves by courting the biotech industry with infrastructure investments, relocation and expansion support, subsidies, and other perks.
For example, Dallas, home of the University of Texas Southwestern, recently One of three regional hubs For the Health Advanced Research Projects Agency, a new federal agency within HHS. And it’s just the latest addition to the city’s growing biotech presence.
“There is significant health and life science activity across the region, with $1.6 billion in life science venture capital coming to DFW from 2018 to 2022,” Dallas City Councilman Omar Narváez said in an email. It was funded.” “Additionally, the life sciences workforce is growing here, with the number of researchers increasing by 33% over the past five years.”
In Pittsburgh I’ve seen recent investments Life sciences, AI, robotics, technology, the just-launched Pittsburgh Life Sciences Alliance counts pharmaceutical giant Bayer as a member of its industry advisory board and aims to catapult the region into more prominent global life sciences status. Also under construction is his 185,000 square foot biomanufacturing facility, Pitt BioForge.
according to Chandan Sen“The waves… are clearly measurable,” said , director of the McGowan Institute for Regenerative Medicine at the University of Pittsburgh.
“If you put all of this together, I think Pittsburgh will grow into a major hub within the next five (to) 10 years,” Sen said.
Here, we take a closer look at what’s happening in three of these emerging biotech hotspots.
dallas
Reason for hot weather: Dallas’s status as one of the sites for the Advanced Research Projects Agency is just one example of Dallas’ accomplishments in biotechnology. Dallas has billions of dollars in venture capital, infrastructure and business development. investment, Tax incentives A lot of money is being poured into the city. There are also hotspots within hotspots. Pegasus Park is a 23-acre business center with dedicated space for life sciences companies.
“The city is aiming to develop Pegasus Park as a biotechnology base. bio lab and bridge labtwo important real estate projects that support the biotech ecosystem,” Narváez said.
Companies to watch: Big Life Sciencesa gene-editing “de-extinction” company made headlines with its goal of “resurrection.” Woolly Mammoth; Gradalis is a late-stage company developing personalized cell therapies for patients with solid tumors.
what’s new: Mark Cuban’s Cost Plus Drugs recently announced that it will manufacture it. own The company sells low-cost generic drugs from its Dallas-based headquarters. Colossal he announced in March that it is possible. Reprogramming elephant iPSC cellshad never been achieved before.
pittsburgh
Reason for hot weather: Ranking Located in the top 25 metropolitan areas for life sciences employment and outpacing Dallas and Salt Lake City in job growth from 2019 to 2022, Pittsburgh’s biotech investments are primarily driven by medical center venture capital It is promoted by academic and medical institutions, including the division UPMC Enterprises. The person who committed the crime In 2020, $1 billion will be invested in life sciences. In addition to the Pitt Bioforge biomanufacturing facility, which focuses on cell and gene therapy and includes advanced manufacturing, wet labs, and incubation space, it will also be home to Carnegie Mellon University’s Institute for the Future of Manufacturing. Biomanufacturing components.
Companies to watch: Krystal Biotech is a gene therapy company focused on areas of high unmet medical need. Received FDA approval last year Vyjuvek, a wound treatment agent for patients with dystrophic epidermolysis bullosa. His ElevateBio, a cell and gene therapy biotechnology, will eventually find One of the manufacturing centers at Pitt Bioforge.
what’s new: The National Center for Advancing Translational Sciences has awarded a $7.8 million grant to the University of Pittsburgh School of Medicine and UPMC. Create a new drug discovery center It’s called the Pitt Translational Center for Microphysiological Systems.biotech companies Imagine Pharmais developing the IMG-1 polypeptide. Raised $32.5 million in Series A round During October.
salt lake city
Reason for hot weather: Utah’s life sciences industry fastest growing In the United States, efforts are underway at both the state and city levels to attract more biotech companies and jobs to Salt Lake City and other areas. Salt Lake City launches in January 2020 “Tech Lake City” Efforts to attract more technical talent. He also founded the public-private organization BioHive, connect and promote Biotech companies in this city.
of The state also offers Tax incentives for relocating technology and life sciences companies, and in November, Gov. Spencer Cox offered $7 million. An investment initiative to develop the state’s life sciences workforce.
Notable companies: Teva Pharmaceuticals has a research and development facility in Salt Lake City’s Research Park and two manufacturing locations in the state. Clene Nanomedicine is a clinical-stage company developing nanotherapeutics for ALS, multiple sclerosis, and Parkinson’s disease.
what’s new: Salt Lake City Economic Development Authority Hired Last month, he served as strategic advisor for new technology and innovation to promote the city’s biotech industry and NVIDIA. Investing $50 million In Recursion Pharmaceuticals’ AI-enabled drug discovery model.
