How Biotech Can Succeed Outside the Hubs

BY JAKE REDER, CEO OF CELDARA MEDICAL – INC –

Though most biopharma investment is in two states, follow this model to bring the research—and investments—elsewhere.

The majority of Americans do not live in a biotech hub. Yet 62 percent of all U.S. biopharma venture investment occurs in Massachusetts and California, according to Pitchbook, while 77 percent of biomedical research occurs in the other 48 states. Biomedical research moves the economy and healthcare forward, but only if that research is translated into products and services, such as new medicines.
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