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News & Press: National News

BioHealth Capital Region moved up to #5 in Biopharma ranking

Wednesday, September 20, 2017  
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The Genetic Engineering & Biotechnology News Annual Rankings of the “Top 10 U.S. Biopharma Clusters”, has ranked the BioHealth Capital Region (BHCR) #5. NIH funding, Venture Capital funding, Patents, Lab Space, and Jobs all are factored into the BHCR’s move into the Top-5.

“Area biopharma leaders have committed to growing their “BioHealth Capital Region” cluster into one of the nation’s top three by 2023, building on anchors ranging from the NIH and FDA, to the nation’s top academic recipient of research grant funding, the Johns Hopkins University. Hopkins accounts for 64.5% of the region’s NIH funding (556 awards totaling $271.4 million), placing fourth with 880 awards totaling nearly $420.7 million. The region is close to meeting its goal in patents (fourth with 4,108), but further back in employment (eighth with 39,145 jobs, according to JLL) and lab space (sixth with 9.5 million square feet).

The region finished sixth in VC funding last year ($146 million), but climbed to fourth during Q1 (seven awards totaling $71 million). Courting the industry eagerly are both Virginia Gov. Terry McAuliffe (D) and Maryland Gov. Larry Hogan (R), a non-Hodgkin’s lymphoma survivor who calls the cluster-building effort a personal mission.”

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