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Life Sciences Economic Development Trends 2010

May 18, 2010 | Once again, Bio•IT World is pleased to produce a special supplement on life sciences economic development to tie in with the BIO 2010 convention in Chicago.

While the pharma sector continues to consolidate and retrench, there remains exciting activity across North America and in many other locales. In the past year, the exciting Ignite Institute for Individualized Health has put down roots in Northern Virginia. The renowned Jackson Laboratory in Maine is also planning a personalized medicine facility in Florida. Many other academic institutes are expanding and fueling innovation.

The remarkable fall in the cost of DNA sequencing — the cost has plummeted by one million-fold from 2004 to 2010 — will have a profound effect on basic and applied research. One of if not the world’s largest genome center is under construction in Hong Kong, where BGI (the Beijing Genomics Institute) will be deploying a huge fleet of the latest sequencing instruments and launching an ambitious partnering program in Europe and beyond. We also note the progress being made by California’s Complete Genomics in its human genome sequencing service business, which is paving the way for planned international expansion in the coming years.

Of course, these are just a few select examples of exciting innovation in the life sciences arena. In this supplement, we are pleased to publish an expert appraisal of bioscience economic development trends from Nancy Kelley, one of the most respected commercial real estate attorneys in the business. She lays out some of the likely features and directions that will shape real estate development in the industry in the years to come.

Kevin Davies & Allison Proffitt

This article also appeared in the May-June 2010 issue of Bio-IT World Magazine. Subscriptions are free for qualifying individuals. Apply today.

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