The rankings heard 'round the region
A REPORT last year by the Milken Institute found a gaping disparity between the Philadelphia region's strength in the life sciences overall, and the "vitality" of its life-science start-ups. With a low birth rate and high death rate for small life-science companies, the region came in ninth in the start-up ranking nationally. Milken's analysts said that future growth in the life sciences - a sector that now accounts for one of every six jobs here - depends on "smaller, nimbler and more specialized firms."
A REPORT last year by the Milken Institute found a gaping disparity between the Philadelphia region's strength in the life sciences overall, and the "vitality" of its life-science start-ups. With a low birth rate and high death rate for small life-science companies, the region came in ninth in the start-up ranking nationally. Milken's analysts said that future growth in the life sciences - a sector that now accounts for one of every six jobs here - depends on "smaller, nimbler and more specialized firms."
Rankings in the life sciences, overall
1. Boston
2. Greater Philadelphia
3. Greater San Francisco
4. Greater New York
5. Greater Raleigh-Durham
6. Greater Los Angeles
7. Chicago
8. San Diego
9. Minneapolis
10. Washington, D.C.
11. Seattle
Rankings for start-up "vitality"
1. Greater Los Angeles
2. Greater San Francisco
3. San Diego
4. Boston
5. Greater Raleigh-Durham
6. Washington, D.C.
7. Greater New York
8. Chicago
9. Greater Philadelphia
10. Seattle
11. Minneapolis
Source: Milken Institute