PharmaVoice: Raleigh is poised to be pharma’s next manufacturing hub

A recent article published by PharmaVoice touts the growing signigicance of the life science sector in Wake County.

From the article:

The life sciences sector has been building a steady presence in Raleigh for decades, but that momentum has picked up in recent years, especially in biomanufacturing. And the area’s top-tier education system, built-in workforce development programs, lower costs and bountiful space are helping transform it into one of the country’s emerging biotech hubs.

Why it’s happening in Raleigh

Although biotech hotspots like Cambridge, New York and Los Angeles offer some of the world’s top universities and healthcare institutions, they’re hampered by high costs and a lack of real estate.

In contrast, the Raleigh region has appealing benefits for pharma including a high-quality talent pool, robust workforce development programs, a low corporate tax rate, grant programs, real estate appeal and a growing transportation system for shipping and supply chains.

“The strength of our market is our talent,” said Kyle Touchstone, director of Raleigh Economic Development. “This ecosystem drives great innovation.”

View the full article.