Biotech Location Strategies, Special Advertising Section from Site Selection magazine, September 2003

Premier Medical Schools and
Academic Health Centers

The birthplace of American medicine, Greater Philadelphia is home to one of the largest concentrations of health care resources in the nation: Five medical schools, eight nursing schools, two dental schools, two pharmacy schools, a school of veterinary medicine, an optometry school, 20 teaching hospitals and four prestigious specialty hospitals conducting research in pediatrics

The healthcare industry engages in basic and applied research and facilitates many of the clinical research trials in the Greater Philadelphia area.
Philadelphia is the second-largest health education research center in the nation.
One in five of the nation's physicians train in area medical schools or post-graduate medical education programs.

Select Greater Philadelphia:

America's Leading Pharmaceutical & Biotechnology Center

Just as engineering and information-based innovation drove the high-tech, high-growth economy of the past decade, biology-based innovation is driving the next new economy. As the race to commercialize life-science discoveries in a global economy continues, only a limited number of regions can compete. Greater Philadelphia has what it takes to take the lead, not just compete in this race.

— Fritz Bittenbender, President,
Pennsylvania Biotechnology Association

The Philadelphia region possesses a unique infrastructure that cannot be replicated by any other region in the country:

• Large pharmaceutical companies
• Leading research institutions
• Premier medical schools and academic health centers
• Rich, extensive talent pool
• Strong venture capital investment
• Exceptional patent productivity
• Effective entrepreneurial and commercialization support

Combine these resources with Philadelphia's strategic location between Washington, D.C., the nation's regulatory capital, and New York City, the financial capital of the world, in a state that has committed $2 billion in tobacco settlement monies to life sciences research, venture capital and commercialization, and you will understand why the Philadelphia region is positioned to become the country's leading biotech center for the 21st century.

— Greg Byrnes, Director, Economic Development
PECO Energy

Contact Us:

Fritz Bittenbender
www.pabiotech.org
610-578-9220
PECO - An Exelon Company
Greg Byrnes
www.peco.com/economic
1-800-626-4338

Large Pharmaceutical Companies

• Pennsylvania ranks second in the nation in pharmaceutical employment and among the highest in the number of biotech firms.
• Greater Philadelphia is home to 80% of Pennsylvania's bio-pharmaceutical industry.
• 80% of the world's largest pharmaceutical companies have a presence in the Greater Philadelphia area.

The presence of large pharmaceutical companies is key to a growing biotech economy:

• Large pharmaceutical companies are a significant source of talent, ideas, partnerships and expertise for smaller life-sciences firms.
• Employees of large pharmaceutical companies are often founders of new R & D firms.
• Large pharmaceutical companies provide an important source of capital for biotech start-ups and an important source of funding for university research.