Lat­est Mass­Bio re­port shows just how much bio­phar­ma's biggest sec­tor boomed in 2020

It’s clear by now that bio­phar­ma ex­pe­ri­enced a mas­sive boom in 2020, but a new re­port out Thurs­day says the Mass­a­chu­setts hub was par­tic­u­lar­ly suc­cess­ful.

The trade group Mass­Bio re­leased its lat­est in­dus­try snap­shot, sum­ma­riz­ing the last cal­en­dar year as the most suc­cess­ful for the Mass­a­chu­setts bio­phar­ma sec­tor. Over­all, Mass­a­chu­setts-based biotechs raised $5.8 bil­lion in 2020, mark­ing a hefty 93% in­crease from the pre­vi­ous year.

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