The biotech sector clocked in at $723 billion last year despite headwinds such as slow launches, long-term drug pricing shifts and changing consumer behavior. Recent biotech breakthroughs include the development of an Ebola vaccine, progress in genetic testing and drug treatments and advances in artificial tissue growth. This article explores several leading biotech centers across the world and examines their distinct attributes and contributions.
1. Boston & Cambridge, Massachusetts[Adobe Stock]
Innovation Landscape: A powerhouse in the biotech and education sectors, with over 1,000 biotech companies, ranging from small startups to billion-dollar firms. High patent activity reflects a vibrant innovation ecosystem. Academic Pedigree: Home to top-tier universities such as MIT and Harvard, which feed the regional innovation network with a constant flow of scientific talent and research. Investmen…