When you think of biotech hubs in the U.S. you think of South San Francisco, Boston, San Diego and…Brooklyn? Well, maybe not yet for Brooklyn, but a core group of investors, entrepreneurs, and scientists, with the support of Mayor Michael Bloomberg, are working to turn the Borough of Kings, along with two sites in Manhattan, into a New York-centric biotech center that could rival those in California and Massachusetts.
As Xconomy’s newly arrived East Coast Biotech and New York editor (and a Brooklyn resident), I was encouraged by the enthusiasm shown for New York’s nascent biotech sector at Xconomy’s October 4 forum, Reinventing Biotech’s Business Model for the Big Apple. There are a lot of obstacles to overcome, however—and given that the average sales price of an apartment in Manhattan has reached a gasp-inducing $1.48 million, the biggest problem is, of course, the cost.
To read the full, original article click on this link: Can New York Take on Boston, California as a Biotech Hub? | Xconomy
