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Industries > Life / Biosciences > How Greater Philadelphia Compares with Other Regions

How Greater Philadelphia Compares with Other Regions


Greater Philadelphia Moves Drug Candidates from the Lab to the Marketplace

The Greater Philadelphia region is usually at or near the top of all major U.S. life sciences locations, which is why life science companies located here are at a distinct advantage over those that are not. The 2005 Milken Report data confirm our region's ranking across numerous categories, including location quotient, employment growth, investment growth, drug approvals, patents, educational degrees and more.

Beyond the strengths of our life sciences cluster, our region's local communities possess a unique understanding of the industry's business models, goals and objectives. Local governments and jurisdictions are pro-active about bringing life science companies into the region, making introductions, speeding the permit process, assisting with staffing, site selection and more. All of which help companies hit the ground running and lower their business risks.

Even European-based life sciences will find our area advantageous, with excellent transportation options such as Philadelphia International Airport and minimal time-zone difficulties. Wherever you're going, it's easy to get to and from Greater Philadelphia. For more regional comparisons involving life sciences or lifestyle, call us at 800-221-0774.

Pharmaceuticals Location Quotient, 2003:
Rank MSA LQ (US = 1)
1 Greater Philadelphia 7.39
2 Greater Raleigh/Durham 4.51
3 Greater New York 3.04
4 Chicago 3.01
5 Greater San Francisco 1.80
6 Boston 1.48
7 Dallas 0.82
8 Greater Los Angeles 0.81
9 San Diego 0.26

 FDA New Drug Approval:
Rank MSA Total 2002-2004

Per Million
People 2004

Score
1  Greater New York 60 3.7 100.0
2  Greater Philadelphia 24 3.9 88.5
3  Greater Raleigh/Durham 11 8.3 87.3
4  Boston 13 2.9 76.6
5  Chicago 14 1.5 69.3
6  San Diego 8 2.7 69.2
7  Dallas 8 1.4 61.2
8  Greater Los Angeles 10 0.7 55.8
9  Greater San Francisco 6 1.0 53.1
10  Minneapolis 1 0.3 34.5
11  Seattle 0 0.0 0.0

Weighted Percent of Life Science Patents in the Region: 
Rank MSA Score 1999-2003
1 San Diego 100.0
2 Greater Philadelphia 99.9
3 Boston 97.3
4 Greater New York 91.7
5 Seattle 91.7
6 Greater San Francisco 90.6
7 Greater Raleigh/Durham 90.1
8 Greater Los Angeles 85.1
9 Chicago 79.8
10 Minneapolis 78.7
11 Dallas 67.6



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Milken Institute
Greater Philadelphia is ranked top
by the Milken Institute
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