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Pittsburgh Region Life Sciences & Healthcare Overview

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Pittsburgh Region Life Sciences & Healthcare Overview Pittsburgh Region Life Sciences & Healthcare Overview 1 Contents This is Pittsburgh 3 This is (Y)our Moment 5 Economic Vision 7 Life Sciences & Healthcare Ecosystem 9 Real Estate Assets 25 Live More 30 Contacts 37 22 Pittsburgh is home to people and places – enterprises, foundations, startups, universities and more – all meeting the world’s biggest This is Pittsburgh. challenges and opportunities head-on. Our region is open to innovative people and companies excited about growth and we invite you to build something remarkable here. 3 Here is Pittsburgh. 10 Counties 2.6M Population $139B Gross Domestic Product 1.3M Workforce 490K Millennial (25-39) Population $155K Median Home Price 4 This is (Y) our Moment. 5 There’s something happening in Pittsburgh. Be a part of this … • Top emerging U.S. life sciences hub (CBRE) • Leading innovation hub & emerging global startup ecosystem • Top city for STEM professionals • Growth market for creative class 26 Economic Vision. 7 Thriving Industries in Pittsburgh Fast-growing, deep-tech research-driven companies are growing in Pittsburgh. Our doors are wide open to companies – spanning strategic sectors – who want to be a part of something remarkable on the rise here. 8 Life Sciences & Healthcare Ecosystem Technological excellence and leading healthcare innovation make Pittsburgh the top emerging life sciences ecosystem. With a foundation of life sciences and AI R&D at top-tier universities and two major hospital systems driving commercialization, the Pittsburgh region is poised for investment. 9 10 Life Sciences & Healthcare Industry Presence 150+ regional life 237 company expansions 6,000+ people employed by 800+ members of Life sciences companies from 2008-2018 global companies Sciences Pennsylvania Average wage $80,913 (2018); Impacted 22,378 jobs and totaled Mylan, Thermo Fisher Scientific, A statewide trade association that companies with over 1,000 $4B capital investment Asahi Kasei’s Zoll, Bayer, Philips, advocates for a business and employees include Philips and Smith & Nephew maintain policy climate to attract and Respironics, Bayer HealthCare, major operations in the region retain life sciences companies Zoll and Thermo Fisher Scientific employing thousands 11 Companies Building it Here. 12 Broke ground in 2020 on a $90M, 100,000-SF manufacturing center in the Pittsburgh International Airport corridor, representing the largest biotech investment in the region to date. 13 Founded in Pittsburgh as Respironics and acquired by Philips in 2007, now HQ for Philips Sleep & Respiratory Care. A major medical device manufacturing company with over 1,750 employees in the region broke ground in 2018 on a new office facility in Pittsburgh’s Bakery Square, next to Google and Carnegie Mellon University. 14 A division of Predictive Oncology Inc. that improves the outcomes for current and future cancer patients using a knowledge and AI-driven approach. Recently partnered with UPMC Magee Women’s Hospital to analyze the genomic and drug response profiles of women with ovarian cancer. 15 R&D Powerhouse. 16 88 regional 14,200 degree universities & completions in post-secondary life sciences & CTE institutions healthcare 17 Duquesne University Nursing Students Academic Anchors We’re home to numerous academic institutions and an extensive talent pool. • Anchors include Carnegie Mellon University, Carlow University, Duquesne University and University of Pittsburgh • 14,200-degree completions in healthcare and life sciences as of 2018 • 1,243 biomedical & biological science completions as of 2019 • Duquesne University launching a new College of Osteopathic Medicine in 2023 18 Institutional Anchor: University of Pittsburgh • 6th Nationally in NIH funding • 9th Nationally in Life Sciences R&D Expenditures ($863M) • $546.4M NIH grants in 2019 from 1,116 awards • Globally renowned for research in immunization, transplantation and neuroscience • Jonas Salk invented polio vaccine at Pitt in 1953 • Innovation Institute provides funding and commercialization support for Pitt innovators • Human Engineering Research Laboratories partners with U.S. Department of Veterans Affairs to perform advanced engineering in clinical research and medical rehabilitation 19 3 $863M life $141M computer sciences R&D sciences R&D expenditures expenditures from Pitt - #9 in from CMU - #3 in the U.S. the U.S. 20 R&D Gives Pittsburgh a Competitive Advantage NIH Human BioMolecular 3D Map Of Cell Nuclei Advancing Surgical Devices Regenerative Eye Atlas Program And Systems Treatment Innovation Pittsburgh Supercomputing Carnegie Mellon University (CMU) CREATES Lab at Pitt is drawing In September 2020, the University Center, jointly led by Pitt and CMU, is leading a multi-institution $10M together world-renowned of Pittsburgh announced is creating a 3D map of the human NIH Carcenter to develop a 3D expertise in robotics, surgical collaboration with Astellas body down to the single-cell level map of cell nuclei, announced technique and healthcare Pharma, a pharmaceutical as part of the NIH Human October 2020 technology to advance the company with a presence in over BioMolecular Atlas Program growing surgical device and 70 countries, to apply a gene systems industry therapy approach to research on regenerative eye treatment 21 $3 billion in funding to 139 regional tech 400 accelerators, startups in 2019, a educational seven-fold increase organizations & since 2010 ecosystem leaders 1,000+ regional health care and life sciences patents awarded 2013-2018 233 AlphaLab Startup Founder Startup Support Organizations The region hosts a growing entrepreneurial hub. • Innovation Works: largest seed stage investor in the Southwestern Pennsylvania region, and one of the most active in the country • AlphaLab Health: life sciences accelerator announced in September 2020 hosted by Allegheny Health Network (AHN) and Innovation Works • InnovatePGH: next generation public-private partnership built to accelerate Pittsburgh's status as a global innovation city • LifeX Labs: life sciences accelerator and incubator with recently expanded wet lab facilities providing the regional life sciences community with support, resources and ecosystem connections • Pittsburgh Life Sciences Greenhouse: an investment firm supporting regional life sciences entrepreneurs; founded 2002 24 Two major health systems call Pittsburgh HQ & top the region’s largest employers list Healthcare Excellence • Allegheny Health Network (AHN) • Highmark Health Insurer • $1B+ investment in hospital expansions, including a flagship AHN Cancer Institute • University of Pittsburgh Medical Center (UPMC) • UPMC Children’s Hospital of Pittsburgh: Top 10 Best Children’s Hospitals in the Nation • UPMC Presbyterian Shadyside: Top 15 of Nation’s Best Hospitals • UPMC Enterprises: $1B investment 2020-2024 to commercialize new drugs, diagnostics and devices • $2B investment in new vision rehabilitation, heart transplantation and cancer treatment hospitals 22 Real Estate Assets. 25 Real Estate Assets to Support Growth Region-Wide Space Available • 11.5M S.F. Office • 9.5M S.F. Industrial • 2.5M S.F. Flex 2026 27 28 29 Live More. 27 Enjoy your work and love your life outside of it. The Pittsburgh region provides you with an experience unlike anywhere else. You’ll find the foundation here on which to build the life you want. 28 29 91% of Pittsburghers are a 10-minute walk from a park Distinctive or green space Built and Natural Beauty 15,000 acres 400 miles of biking, hiking, 90 distinctive urban of public neighborhoods full of character parks walking trails and culture, picturesque suburbs and rolling country vistas 30 National recognition for culinary accomplishments by… Booming Culinary Scene + Nightlife 80+ Bon Appetit's breweries "Best New in the 10- Restaurants in county region America" list 31 #1 city nationally in direct spending on the arts; $1B annually in Cultural District Exciting economic impact Arts + Culture 1,500 performances 32 world-class annually in museums & 30 concert venues Cultural District 32 Named as One of America’s best sports cities by… Winning Sports Culture The Pittsburgh Home to 16 Sports League “Big Three” Teams championship provides 20,000 Penguins, Steelers, Pirates titles, and adults the chance Professional Soccer Team to play 15 sports Riverhounds counting year round 33 Patty Horvatich Vice President, Business Investment, Pittsburgh Regional Alliance Contact Us [email protected] Let’s Work Together Kyle Chintalapalli Vice President, Business & Economic Development, Pittsburgh Regional Alliance [email protected] 234.
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