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Biotech Hub |
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Of the 470 biopharmaceutical firms located in MA, 87 are publicly traded. |
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[2007 Massachusetts Economic Development-Business Resource Team] |
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Strong and Growing Stronger |
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Nearly 75,000 adults in the Boston DMA are employed in biotechnology. |
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[2005/2006 Gallup Poll of Media Usage & Consumer Behavior, Boston DMA] |
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Massachusetts is the 3rd largest state for employment in research, testing and medical laboratories sub sector. |
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[2007 BBJ Book of Lists] |
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Strongest Medical Device Industry |
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There has been a 2-year increase of medical device sales of 36.9%, totaling at nearly $18 billion, in Massachusetts. |
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The Massachusetts medical device industry’s share of in-state employment is nearly three times larger than the nation as a whole. |
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There has been a 2-year increase of medical device sales of 36.9%, totaling at nearly $18 billion, in Massachusetts. |
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[2007 BBJ Book of Lists] |
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A Scientist on Every Corner |
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More than 23,000 Massachusetts adults are employed in research, testing and medical laboratories – the third highest total in the U.S. |
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[2007 BBJ Book of Lists] |
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Massachusetts boasts the highest amount of workers per capita, 25 and older with a four-year or advanced degree, most in the biotech industry. |
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[2007 Massachusetts Economic Development-Business Resource Team] |
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Fertile Ground |
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For every 1 million Massachusetts residents, there were 3,496 science and engineering graduate students at doctorate-granting institutions in 2004 – the #1 rank in the country. |
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[2007 Corporation for Enterprise Development] |
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Big Hit with NIH |
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Total financial support flowing to Massachusetts from the National Institutes of Health (NIH) was more than $2.2 billion. |
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[2006 NIH Office of Extramural Awards, Massachusetts Awards] |
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#1 in NIH Funds Per Capita |
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Massachusetts leads the nation in per-capita NIH funding. |
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[Mass. Alliance for Economic Development, 2006] |
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More NIH Activity than Anywhere |
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Much NIH funding is concentrated in Boston and Cambridge, which together drew 49% more NIH funding than New York, the second-ranked city, in 2000. |
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[Mass. Alliance for Economic Development, 2006] |
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Medical Sales |
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The area’s largest 25 medical device firms have increased sales to $17.5 billion in 2005. |
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[2007 BBJ Book of Lists] |
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