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Transcript of LIFE SCIENCES - Enterprise Florida · Life Sciences Over the past decade ... structure, no personal...
LIFE SCIENCES
Florida’s Strengths in Life SciencesOver the past decade, Florida has leapt ahead of the competition to establish itself as the new location for life sciences innovation and industry growth. Florida is now home to world renowned biomedical research institutes; nearly 1,000 biotech, pharmaceutical, and medical device companies; and a foundation of more than 44,000 healthcare establishments.
Biotechnology Size: 220+ companies
Areas of Excellence: therapeutics — especially cancer and infectious disease, genomics, diagnostics, personalized medicine, regenerative medicine
Select Companies in Florida: AxoGen, OPKO Health, Sanofi Pasteur Vax Design Campus
Pharmaceuticals Size: 180+ companies
Areas of Excellence: generics, specialty pharmaceuticals, drug delivery/release technologies, neurological diseases, cancer, ophthalmology, cardiovascular disease
Select Companies in Florida: Actavis, Archer, Bausch & Lomb, Bristol Myers-Squibb, Merck, Nephron, Noven, Teva
Medical Devices Size: 570+ companies
Areas of Excellence: surgical technologies and supplies, biomaterials and implants, cardiac and vascular devices, diagnostics, imaging
Select Companies in Florida: Arthrex, Beckman Coulter, CAE Healthcare, Conmed Linvatec, Johnson & Johnson/Vistakon, MAKO Surgical, Medtronic
Healthcare Size: 44,000+ health care establishments, including 700+ hospitals
Areas of Excellence: translational medicine, clinical trials, care and research in cancer, endocrinology, neurology and neurosurgery, ophthalmology, orthopedics, pulmonology
Select Florida Hospitals: Cleveland Clinic, Florida Hospital, Johns Hopkins / All Children’s Hospital, Mayo Clinic, Moffitt Cancer Center, Mount Sinai, Nemours, Orlando Regional & M.D. Anderson Cancer Center, Shands, Tampa General, UM / Jackson Memorial
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Top 5 ReasonsHere’s why your company should be in Florida:
Connect with the BestFlorida is home to leading research universities, research hospitals, and institutes such as Scripps Florida, Sanford-Burnham, Max Planck, Hussman Institute for Human Genomics, Torrey Pines, VGTI Florida and Draper Laboratory.
Benefit your Bottom Line Florida offers a cost-competitive environment, favorable overall tax structure, no personal income tax, and a superior quality of life, allowing you to focus more of your dollars on R&D and new products.
Pick the Best of the Best Florida’s nearly 1,000 biotech, pharma and medical device companies employ some 26,000 industry professionals. This rich talent base is enhanced by the state’s more than 700,000 health care professionals. You can find the right people with expertise you need in Florida.
Plug Into Rich Networks Florida is home to several growing life sciences hubs including Lake Nona Medical City, Tradition Center for Innovation, UM Life Science and Technology Park, Florida Hospital Health Village and UF Innovation Hub. All industry businesses can benefit from the state’s world-class health care system supporting clinical trials and translational medicine.
Access Capital Florida is regularly among the top 10 states for venture capital investment, and new capital formation and small business support programs are gaining steam. You can find support for your entrepreneurial spirit in Florida.
$1B 2nd
3rd
6th
99
invested annually on life sciences R&D by Florida universities 1
among states for FDA registered medical device manufacturing facilities
Florida hospitals rank among America’s Best, according to U.S. News and World Report
medical schools, spanning from the southeast to the northwest
Florida Fast Facts
for pharmaceutical and medicine manufacturing businesses 2
for bioscience employment 2 and higher education degrees awarded
1 National Science Foundation 2 Primary data source: U.S. Dept. of Labor, Bureau of Labor Statistics, QCEW
Florida is a competitively priced market for cutting-edge R&D and manufacturing:
FLORIDA CALIFORNIA GEORGIA MASSACHUSETTS MINNESOTA NEW JERSEY
NEW YORK
NORTH CAROLINA PENNSYLVANIA TEXAS
Personal Income Tax Rate (Highest Rate) None 13.3% 6% 5.25% 7.85% 8.97% 8.82% 7.75% 3.07% None
Corporate Income Tax or Gross Receipts Tax Rate 5.5% 8.84% 6% 8% 9.8% 9% 7.1% 6.9% 9.99% 1%
State Business Tax Climate Ranking 5 48 34 22 45 49 50 44 19 9
Biotechnology Average Annual Wage $74,266 $130,916 $75,111 $133,777 $71,045 $143,349 $121,788 $91,501 $147,817 $96,958
Pharmaceutical Manufacturing Average Annual Wage $59,096 $112,183 $114,953 $111,538 $80,792 $148,508 $72,402 $95,040 $105,670 $92,962
Medical Device Manufacturing Average Annual Wage $61,413 $90,427 $66,571 $98,221 $86,109 $100,255 $62,262 $55,231 $62,173 $60,330
Comparative Costs for Life Sciences Companies in Florida vs. Other States
Florida’s Life Sciences Cluster(select companies highlighted)
Florida International University
University of Miami
Scripps FloridaMax Planck Florida Institute
VGTI Florida
Torrey Pines Institute for Molecular Studies
Nemours Children’s ClinicMayo Clinic Jacksonville
Orlando Regional Healthcare System & M.D. Anderson Cancer Center Orlando
University of Central FloridaSanford-Burnham Medical Research Institute
Tampa General Hospital
NeoGenomics Laboratories
University of South FloridaH. Lee Moffitt Cancer Center and Research Institute
University of FloridaShands at the University of Florida
Florida State University
Florida Agricultural & Mechanical University
Florida Institute for Human & Machine Cognition
Arthrex
TALLAHASSEEJACKSONVILLE
ORLANDO
TAMPA
MIAMI
Biomet 3iBiotest PharmaceuticalsDyadicGE HealthcareJohnson & Johnson Depuy
ST. PETERSBURG
Biomet MicrofixationJohnson & Johnson / Vistakon McKesson Medical-SurgicalMedtronicNovaBoneRanbaxy Pharmaceuticals
Acorn StairliftsApplied Genetics LaboratoriesCovidienGeneLink BiosciencesMazor RoboticsNephron PharmaceuticalsPrime TherapeuticsSanofi Pasteur VaxDesign Campus
Animal GeneticsAvian Biotech
Southern Biologics
ActavisApotexBeckman CoulterBolton Medical ERBA Diagnositcs Johnson & Johnson / CordisMerck MAKO SurgicalNipro DiagnosticsNoven PharmaceuticalsOPKO HealthTevaWelch-Allyn
Bascom Palmer Eye InstituteCleveland Clinic FloridaMount Sinai Medical CenterUM/Jackson Memorial Medical Center
BaxterBristol Myers-Squibb
CAE HealthcareCatalent
Conmed LinvatecHoveround
Johns Hopkins / All Children’s HospitalLincare
McKesson Smith & Nephew
Steripack
Bausch & Lomb PharmaceuticalsDraper Laboratory
Mylan PharmaOscor
AxoGenExactech
Invivo DiagnosticsNanotherapeutics
RTI Biologics
Florida Atlantic University
GPD Pathology
Pall Corporation
Florida Hospital
MAP KEY
Biotech Companies
Pharmaceutical Companies
Medical Device Companies
Hospitals selected hospitals named
Leading Life Sciences Research Centers & Universities
Interstate Highways
State Capital
Florida’s Largest Cities (by population)
Circles represent approximate flight times from Florida in one-hour increments.
Ready?Enterprise Florida stands ready to assist in every aspect of your next location project. Please don’t hesitate to contact:
Matt Lowell +1 (407) [email protected]
Rev.
09/
2013
Why Florida is the perfect climate for business:
“We are honored to have the support of the leaders of [the] Town of Davie, Enterprise Florida and Gov. Rick Scott as we continue to expand our presence in Florida. We also have packaging and distribution functions in Sunrise, Florida and pharmaceutical research and development operations in Weston, Florida. Our Anda, Inc. division, the fourth largest distributor of pharmaceuticals in the U.S. is also located in Weston. In total, Actavis employs approximately 1,400 people in Florida.”Paul Bisaro, President and CEOActavis, Inc. “We anticipate a significant amount of growth over the next
several years, and the medical centers in Florida have been innovators with their rapid adoption of the Renaissance system technology. We strongly believe that with the Orlando area’s commitment to providing a superior environment for medical research and development, our company will be well-positioned to maximize that growth opportunity.”Ori Hadomi, CEOMazor Robotics, Inc.
“A well trained workforce, the proximity to major universities, the business climate, an exceptional quality of life, and local and state support were all key factors that made Jacksonville by far the most attractive location for our expansion.”Mark Fletcher, Senior Vice President & President of Surgical Technologies DivisionMedtronic
“SteriPack explored several options in the United States to find the ideal situation and location. The facility in Lakeland is a first-in-class operation and draws on the nearly 20 years of experience that SteriPack has manufacturing converted products and providing contract manufacturing services in a Class 7 and 8 clean room.”Tony Paolino, PresidentSteriPack USA
eflorida.com/lifesciences
Enterprise Florida, the lead economic development organization for the state of Florida, assists companies confidentially with their expansion and location plans.
Enterprise Florida (Main Office)800 North Magnolia Avenue, Suite 1100Orlando, Florida 32803407-956-5600eflorida.com
Enterprise FloridaThe Atrium Building325 John Knox Road, Suite 201Tallahassee, Florida 32303850-298-6620
Enterprise Florida (International Trade Office)201 Alhambra Way, Suite 610Coral Gables, Florida 33134305-808-3660