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Investment in NJ Biotech is Way Up

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Total funding of New Jersey life sciences companies spiked in 2013 with approximately $900 million in both early and late-stage investments, according to a new report from BioNJ. This figure represents well over 200 percent growth over the prior year. Funding was helped by seven New Jersey companies that completed initial public offerings (IPOs) in 2013. Furthermore, industry wages averaged $126,794 in 2012, led by pharmaceuticals ($137,949), followed by biotechnology ($132,576) and medical devices ($94,652). Read More >

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New Report Outlines Future of Biotech in Massachusets

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The Massachusetts Biotechnology Council (MassBio) just released Impact 2020, a report on the state of the biotechnology and life sciences cluster in Massachusetts. The extensive report issues a call to action for Massachusetts stakeholders-across industry, academia, healthcare networks, payers and government-to take steps to safeguard the Commonwealth’s definitive, but fragile, leadership position in life sciences and innovation. MassBio’s strategic reports have been key to strengthening the regional life sciences cluster, which today is recognized as Read More >

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California Biomedical Companies Cite Lack Of Funding As Major Concern

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As I have mentioned in past blog posts, the U.S. bioscience industry has demonstrated stability through turbulent economic times. While not immune from the recession, this industry generally fared much better than the overall economy and has remained a net a job generator. In April of 2012, the White House released the National Bioeconomy Blueprint noting that bioscience industries are “a large and rapidly growing segment of the world economy that provides substantial public benefit.” Read More >

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New Report Shows Strength of Massachusetts’ Biotech Industry

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If you read this blog, there’s a good chance you already know that Massachusetts is one of the biggest biotech hubs in the world. The Commonwealth’s successes in biotech economic development can be attributed to a number of things. Perhaps foremost, its world-class universities, such as MIT and Harvard, continue to churn out the innovation that keeps venture groups interested. Meanwhile, established biotechs and Big Pharma continue to focus more and more R&D work in Read More >

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