The booming Boston/Cambridge biotech hub claims an industry-leading role — nobody beats it at raising record amounts of money
If there’s one thing that the biotech hub crowd in Boston/Cambridge is particularly good at, it’s raising money. After creating one of the biggest concentrations of drug development operations in the world in and around greater Boston, the money-raising side of the business is now humming like a well-oiled machine.
In a new industry hub snapshot out this morning, the Massachusetts Biotechnology Council — better known as MassBio — happily boasted about the fact that 48% of all US biotech IPOs occurred inside the state in 2017. In 2016, it was 30%.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.