BIOWATCH LIFE SCIENCES LIFE CYCLE
While medicine, at its core, is about saving lives, it is also a huge business.
From the 24 healthcare companies in Boston that employ nearly 30% (70,000 people) of the labor force to the fact that each life science job supports ve (5) additional jobs in other sectors. Centered around MIT and the areas world-class hospitals, the real estate decisions of life science companies run contrary to those of most ofce-using tenants. Unlike professional service companies that have become increasingly focused on space efciency and shrinking their footprints, many successful life science companies are focused on rapid expansion. Paired with signicant acquisition activity, it becomes easy to see how lab space has become scarce and expensive.
It takes
Majority of trials target Top 6 chronic diseases:
to bring a new drug to patients
Startups are born in
Asthma
of those years are devoted to clinical trials
Cambridge and grow until theyre acquired or relocate
Diabetes
Stroke
Cancer
Begin Clinical Trials
rs ente p u t Star al linic c e pr or a und ng f i t s mpo o te c al ogic biol
is the average cost of developing one new cutting-edge biotech medicine
Heart Disease
Mental Illness
According to US News and World Report, of the Top 100 places where clinical trials are conducted
#1 = Harvard Medical School #34 = BU School of Medicine #51 = Tufts University School of Medicine #53 = UMASS-Worcester School of Medicine
Stiff Competition
nearly all breakthrough medicines being approved already have competitors by Phase II clinical testing
Enter Phase III: Secure Venture Capital Funding
The average time a medicine is the only drug available in its therapeutic class has declined to
Invest in rug Phase III d a and target rn in tu 300% re 3 years
When blockbuster drugs get FDA approval,
companies expand their footprints by
Your Drug has Been Approved!
The FDA is normally given 10 months to review new drugs
Submit for FDA Approval
Gateway Center
MAP KEY
Cambridge City Infirmary Fresh Pond Mall Somerville Hospital Assembly Square Mall
Big Pharma Universities Startup Biotech Companies Hospitals
Mount Auburn Cemetery Mount Auburn Hospital Radcliffe College
MIDDLESEX COUNTY
Leslie College
Lincoln Park Community School Bunker Hill Community College
Harvard Holy Ghost University Hospital
Cambridge Health Alliance
Twin City Plaza
Logan International Airport
Harvard Stadium Watertown Mall Arsenal Mall
Cambridgeside Galleria
Museum of Science
Massachusetts General Hospital
TD Garden Faneuil Hall Marketplace New England Aquarium Federal Courthouse
Massachusetts Institute of Technology
Fisher College Boston Univ. Field
Capitol Building
Boston University Fenway Boston Conservatory Park
of Music
Wheelock College Emmanuel College Simmons College
Emerson College
World Trade Center
HIGH
FISCAL YEAR 2012
Prudential Center Copley Place
Boston Convention & Exhibition Center
Boston College
LOW
Newbury College
Beth Israel Deaconess Medical Ctr. Dana-Farber Cancer Inst. Children's Hospital Brigham and Women's Hospital
Harvard Medical School
Northeastern University
Boston University Medical Campus
Mass. College of Art and Design
New England Baptist Hospital
Roxbury Community College
NIH $ FUNDING
Pine Manor College 0 0.25
SUFFOLK COUNTY NORFOLK COUNTY
South Bay Center
Bayside Exposition Center
Sources Tu fts Cen te r f o r St udy o f Dr ug De v e l o pm e n t | C a m b r i d g e C o m m u n i t y D e ve l o p m e n t | N a t i o n a l I n st i tu t es of H ealt h | Am er ican H osp it al Associat ion Pharmaceu t i c a l Re s e a r c h a nd M a nuf a c t ur e r s o f A m e r i c a ( P h R M A ) | B a t t e l l e Te c h n o l o g y P a r t n e r sh i p Pr act ice
Cassidy Turley | One International Place, Boston MA |
@CassidyTurleyMA | 617.279.4555 | www.CassidyTurley.com/Boston
