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Virginia's Life Science Community By the Numbers
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3,433 Companies
Life science companies in Virginia.
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$8B Industry
Life Science contributes $8B to Virginia's economy.
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30, 504 People
Employed by Life Science companies in Virginia.
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$107,281 Average Wage
Average earnings of life science workers in Virginia.
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1,197 Clinical trials
Biopharmaceutical industry-sponsored trials in Virginia per year.
News
05/07/2025
Adial Pharmaceuticals raises $2.75M
Glen Allen biopharma company Adial Pharmaceuticals Inc. (NASDAQ: ADIL) has raised $2.75 million from an institutional investor. The company, which specializes in therapies for addiction and related disorders, said it will use the new funding for working capital and general corporate purposes. The name of the investor was not disclosed, but Adial said a “health …
05/07/2025
Adovate Granted New U.S. Patent for Therapeutic Uses of A2B Receptor Antagonists
Adovate, LLC (“Adovate” or the “Company”), a biopharmaceutical company developing novel therapeutics targeting adenosine receptors involved in major diseases, today announced that Patent Number 12,269,828 B2 was issued by the United States Patent and Trademark Office. This newly issued patent covers therapeutic uses of the Company’s lead molecule ADO-5030 and thousands of other novel molecules …
04/29/2025
ODU breaks ground on $184M biosciences building
Old Dominion University on Monday broke ground on the biggest capital construction project in the 95-year-old university’s history — a new biological sciences building. The planned five-story, 162,586 square-foot building will be located on ODU‘s campus in Norfolk, near the university’s Oceanography and Mills Godwin Life Sciences buildings. ODU spokesperson Jonah Ross Grinkewitz said the …
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