Business Facilities - March 2009 - (Page 17)

LOCATIONS FOR THE BIOTECHNOLOGY/ PHARMACEUTICAL INDUSTRIES Biotech is Still Booming Rapid growth continues in this seemingly recession-proof industry, spurring regions to keep creating innovative initiatives and incentives. By Donna Clapp B iotechnology is one of the few industries in the world that continues to grow rapidly today. In September 2008, Global Industry Analysts, Inc., a market research group specializing in the medical industry, reported, “biopharmaceuticals is poised to experience spiraling growth given the recent success of commercialized products and the steady stream of products presently in the pipeline.” Biotech companies raised record amounts of venture capital ($5.5 billion in 2007) and the value of mergers, acquisitions and alliances reached new heights. In their Biotechnology Beyond Borders 2008 report, Glen Tiovannetti and Gautam Jaggi noted: “What we are seeing, really, is the start of a revolution. Three business drivers—the immediate challenge of patent expirations, and the longer-term move toward personalized medicine and globalization—are sparking fundamental changes in the global drug development industry and driving companies to reinvent themselves.” But biotech is not just about pharmaceuticals and DNA testing—these days biofuels have become more important as energy independence and environmental impact take center stage in the U.S. and Europe. Because this innovative business is still in growth mode, states and cities are creating incentives to attract biotech companies. In choosing a location, biotech companies must focus on factors that feed innovation and invention; these include research incentives such as a venture capital community and a favorable regulatory climate, a highly intellectual workforce, the ability to form partnerships with academic institutions and access to research parks and lab space. A S P E C I A L A D V E RT I S I N G S E C T I O N O F B U S I N E S S FA C I L I T I E S , B I O P H A R M , A N D P H A R M A C E U T I C A L E X E C U T I V E PHOTO: COURTESY OF DPT LABORATORIES DPT Laboratories—a contract development and manufacturing organization (CDMO) recognized globally for unparalleled technical expertise with semi-solid and liquid dosage form—is one of San Antonio’s growing biopharmaceutical companies and it celebrated its 70th anniversary in 2008. B-1

Table of Contents Feed for the Digital Edition of Business Facilities - March 2009

Business Facilities - March 2009 Contents First Word Snapshots Corporate Moves: Tennessee Deciphering High-Tech Hubs Industry Focus: Biotech/Pharmaceuticals The Lone Star State Continues to Burn Brightly Pennsylvania is Holding Its Own Corporate Moves: Florida Metro Spotlight: Findlay, OH Advertiser Index Ask the Expert

Business Facilities - March 2009

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