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From Boston to San Diego: Where Should Your Life Science Company Expand in the US?

The United States remains the prime destination for international life science companies seeking to expand their global footprint. With its cutting-edge research facilities, robust funding ecosystem, and vast market potential, the US offers unparalleled opportunities for innovation and growth. This comprehensive guide explores the top life science hubs across the country, from the established powerhouses of Boston and San Francisco to emerging centers like Houston and Denver. We delve into each location's unique advantages and challenges, providing crucial insights into talent acquisition, regulatory landscapes, and industry trends. Whether you're a biotech startup or an established pharmaceutical company, understanding the diverse US life science ecosystem is critical to successful expansion.
Lab technician pipetting into test tubes with US expansion text.

As an international life science business owner, the United States represents a land of boundless opportunity and innovation. With its cutting-edge research facilities, robust funding ecosystem, and vast market potential, the US remains the prime destination for life science companies looking to expand their global footprint. But where should you plant your flag in a country as large and diverse as the United States?

At Foothold America, we specialize in helping life science companies navigate the complex landscape of US expansion. We understand that each company’s journey is unique, and we’re committed to providing tailored solutions that align with your specific goals and challenges. In this comprehensive guide, we’ll take you on a tour of the top life science hubs across the United States, offering you the insights you need to make an informed decision about your company’s future.

The Life Science Landscape in the United States: A 2024 Snapshot

Before we dive into specific locations, let’s take a moment to appreciate the scale and significance of the life science industry in the US as of 2024:

  • The US life science industry contributed an astounding $3.4 trillion to the US economy in 2023, accounting for about 13.5% of GDP. This represents a significant increase from previous years, highlighting the sector’s resilience and growth despite global challenges.
  • As of early 2024, there are over 45,000 life science companies in the US, directly employing more than 2.1 million people. This marks a 7% increase in the number of companies and a 12% increase in employment compared to 2022, showcasing the industry’s rapid expansion.
  • The US continues to lead the world in biomedical research and development (R&D) spending, with investments surpassing $240 billion in 2023. This represents a 20% increase from 2020, reflecting the country’s commitment to pushing the boundaries of scientific discovery.
  • In 2023, the FDA approved a record-breaking 68 novel drugs, surpassing the previous high of 59 set in 2018. This unprecedented number of approvals underscores the innovative capacity of the US life science sector and the effectiveness of recent efforts to streamline the approval process.
  • Venture capital investment in US life science companies reached an all-time high of $78 billion 2023, a 10% increase from the previous year. This surge in funding is fuelling groundbreaking research and bringing cutting-edge therapies to market faster than ever.

These statistics paint a picture of a thriving, dynamic industry that continues to grow and evolve. The message for international life science companies is clear: the opportunities in the US market are more abundant than ever. Now, let’s explore some of the top destinations for your expansion, diving deep into what each location offers.

📍 Boston/Cambridge, Massachusetts: The Undisputed Life Science Capital

Often referred to as the epicenter of the global life science industry, the Boston/Cambridge area continues to reign supreme as the world’s leading hub for biotechnology and pharmaceutical innovation.

🔥 Advantages

Unparalleled Concentration of Life Science Talent:

    • In 2023, these institutions collectively graduated over 8,000 students with advanced degrees in life sciences, bioengineering, and related fields.
    • The region boasts the highest concentration of life science professionals per capita globally, with 1 in every 17 workers employed in the sector as of 2024.

Robust Funding Ecosystem:

    • In 2023, Massachusetts-based biopharma companies raised $18.2 billion in venture capital, representing nearly a quarter of all US life science VC funding.
    • The state’s life science initiative, originally a 10-year, $1 billion investment plan, was renewed in 2023 with an additional $750 million committed over the next five years.

Strong Industry Presence:

    • The Kendall Square area in Cambridge has the highest density of biotech companies worldwide, earning it the nickname “the most innovative square mile on the planet.”
    • In 2023, 14 of the top 20 global biopharma companies had a significant presence in Boston, up from 11 in 2020.

World-Class Research Infrastructure:

    • The region is home to some of the world’s top research hospitals, including Massachusetts General Hospital, Brigham and Women’s Hospital, and Dana-Farber Cancer Institute.
    • In 2023, these institutions conducted over 1,500 clinical trials, more than any other metropolitan area worldwide.
    • The Broad Institute, a joint venture between MIT and Harvard, continues to be at the forefront of genomics research. In 2023 alone, its scientists published over 500 peer-reviewed papers.
 

💯 Key Facts

  • As of early 2024, the Massachusetts life sciences industry employed over 102,000 people, a 21% increase from 2021. This growth outpaced the national average by nearly three times.
  • The Longwood Medical Area in Boston, spanning just 1.5 square miles, is now home to 24 hospitals and research institutions, two more than in 2021. In 2023, these institutions received over $2.5 billion in NIH funding.
  • Massachusetts received an unprecedented $4.1 billion in NIH funding in 2023, maintaining its position as the state with the highest per-capita NIH funding. This represents a 30% increase from 2021.
  • The state saw 18 biotech IPOs in 2023, raising a collective $3.2 billion. This accounts for nearly a third of all US biotech IPOs that year.
  • In 2023, the Boston area witnessed the opening of 3.5 million square feet of new lab space, with an additional 5 million square feet under construction as of early 2024.
 

💭 Challenges

High Cost of Living and Doing Business:

    • Boston consistently ranks among the top 5 most expensive cities in the US. As of 2024, the median home price in Cambridge is over $1.2 million, a 15% increase from 2022.
    • Office and lab space in prime locations like Kendall Square can cost upwards of $140 per square foot annually, the highest in the nation for life science real estate.
    • The intense competition for talent has driven up salaries, with the average compensation for a biotech researcher in Boston reaching $150,000 in 2023.

Intense Competition for Talent and Resources:

    • With over 1,200 biotech companies in the area, the competition for skilled workers is fierce. In 2023, the average time to fill a senior scientific role was 6 months, up from 4.5 months in 2021.
    • Access to specialized equipment and services can be challenging due to high demand. Some companies report wait times of up to 3 months for certain high-end lab services.
    • The sheer density of companies can make it difficult for smaller or newer firms to stand out and attract investment or partnerships.

Regulatory Complexities:

    • Massachusetts has some of the nation’s strictest environmental and safety regulations for life science companies. In 2023, the state introduced new guidelines for handling gene therapy materials, adding another layer of compliance for many firms.
    • The rapid pace of gene editing and personalized medicine innovation has led to a complex and evolving regulatory landscape. Companies report spending 15% more on regulatory compliance in 2023 than in 2021.
 

For companies looking to be at the heart of life science innovation, Boston/Cambridge offers an unmatched ecosystem. However, the challenges of high costs and intense competition mean that companies must come prepared with a solid strategy and sufficient resources to thrive in this dynamic environment.

📍 San Francisco Bay Area, California: Where Tech Meets Life Science

The Bay Area, including Silicon Valley, is renowned for its tech prowess, but it’s also a significant hub for life sciences, particularly in areas where biology intersects with technology.

🔥 Advantages

Convergence of Tech and Life Science:

    • The Bay Area is at the forefront of the convergence between technology and biology. In 2023, over 40% of life science startups in the region incorporated AI or machine learning in their core technology.
    • The area is a hotbed for digital health innovations. In 2023, Bay Area digital health companies raised $6.2 billion, accounting for 35% of all digital health funding in the US.
    • The region is leading in areas like synthetic biology and gene editing. As of 2024, 7 of the top 10 CRISPR companies globally are headquartered in the Bay Area.

Unparalleled Access to Venture Capital:

    • In 2023, Bay Area life science companies raised over $18.5 billion in venture funding, maintaining the region’s status as the top destination for life science VC investment.
    • The area is home to the world’s largest concentration of biotech-focused venture capital firms. In 2023, 5 new VC funds specializing in life sciences were established in the Bay Area, raising over $3 billion.
    • The region’s investors are known for their risk tolerance and long-term vision. In 2023, early-stage life science companies in the Bay Area raised 40% more in seed funding than the national average.

World-Class Research Institutions:

    • Stanford, UC Berkeley, and UCSF continue to be innovation powerhouses. In 2023, these institutions collectively filed over 600 biotech-related patents.
    • The region’s academic institutions received a combined $2.4 billion in NIH funding in 2023, a 15% increase from 2021.
    • The UCSF Medical Center, ranked as the 8th best hospital in the nation in 2023, conducts over 1,000 clinical trials annually, providing ample opportunities for clinical research partnerships.

Thriving Biotech Ecosystem:

    • As of 2024, the Bay Area has over 2,200 life science companies, a 16% increase from 2021.
    • The region boasts several specialized life science clusters, including the South San Francisco “Birthplace of Biotechnology” and the growing Oyster Point biotech hub.
    • In 2023, 12 of the world’s top 20 biopharma companies had significant R&D centers in the Bay Area, up from 9 in 2020.
 

💯 Key Facts

  • As of early 2024, the Bay Area life science industry employed over 98,000 people, a 19% increase from 2021. The average salary in the sector reached $175,000, the highest in the nation.
  • In 2023, Bay Area life science companies brought 13 new drugs to market, accounting for nearly 20% of all FDA approvals that year.
  • The region saw a surge in life science real estate development, with 4.2 million square feet of new lab space completed in 2023 and an additional 6 million square feet under construction as of early 2024.
  • Bay Area biotech companies filed for 22 IPOs in 2023, raising a collective $4.5 billion. This represents nearly 40% of the year’s US biotech IPO proceeds.
  • The region is leading in the development of cell and gene therapies. As of 2024, 35% of all US CAR-T cell therapy clinical trials are being conducted in the Bay Area.
 

💭 Challenges

Extremely High Cost of Living and Doing Business:

    • The San Francisco Bay Area consistently ranks as one of the most expensive regions in the world. As of 2024, the median home price in San Francisco is over $1.4 million, while in Palo Alto, it exceeds $3 million.
    • Lab space in prime locations like South San Francisco can cost up to $130 per square foot annually, second only to Cambridge, MA, in the US.
    • The high cost of living drives up salaries across all levels. Entry-level research associates in the Bay Area command salaries 30% higher than the national average for similar positions.

Competitive Job Market:

    • Recruitment and retention can be challenging, with thousands of tech and biotech companies vying for talent. In 2023, the average tenure for a biotech employee in the Bay Area was just 2.7 years.
    • The competition extends to leadership roles as well. In 2023, 35% of Bay Area biotech startups reported difficulties recruiting experienced C-suite executives, citing competition from established and well-funded companies.
    • The war for talent has led to aggressive poaching practices. In a 2023 survey, 60% of Bay Area life science companies reported losing key employees to competitors in the past year.

Regulatory and Political Environment:

    • California’s stringent environmental regulations can pose challenges for life science companies, particularly those working with certain chemicals or biological materials. In 2023, the state introduced new guidelines for the disposal of gene therapy waste, adding to compliance costs.
    • The region’s high-profile data breaches have increased scrutiny of companies handling sensitive medical data. In 2023, California passed new data protection laws specific to biotech and healthcare companies, requiring significant investments in cybersecurity.
    • The ongoing debate over drug pricing has pressured Bay Area biotech companies. In 2023, several high-profile hearings in the state legislature focused on the pricing practices of local pharmaceutical companies.
 

The Bay Area offers unique opportunities for life science companies looking to leverage the intersection of biology and technology. However, the challenges of extreme costs and fierce competition mean that companies must have a robust financial plan and a strong value proposition to succeed in this dynamic market.

📍  San Diego, California: The Biotech Beach

San Diego has solidified its position as a significant player in the life science industry, particularly in genomics and personalized medicine. Its unique blend of scientific expertise, quality of life, and (relatively) lower costs compared to other significant hubs makes it an increasingly attractive destination for international life science companies.

🔥 Advantages

Strong Focus on Genomics and Personalized Medicine:

    • San Diego is home to world-leading genomics companies like Illumina and Thermo Fisher Scientific. In 2023, these companies sequenced over 1.5 million human genomes, contributing significantly to global genomics research.
    • The region is at the forefront of personalized medicine. In 2023, San Diego-based companies initiated 85 clinical trials in precision oncology, representing 20% of all such trials in the US.

Thriving Biotech Ecosystem:

    • As of 2024, San Diego is home to over 1,400 life science companies, a 17% increase from 2021. This includes a mix of startups, mid-size biotech firms, and global pharmaceutical companies.
    • The region has several specialized life science clusters, including the Torrey Pines Science Park and the Sorrento Valley biotech hub. In 2023, these areas added 1.8 million square feet of new lab space.
    • San Diego’s biotech incubators and accelerators are thriving. JLABS San Diego, for instance, has incubated over 100 startups since its inception, with 15 new companies joining in 2023 alone.

Strong Academic and Research Institutions:

    • UC San Diego, ranked among the top 20 global universities in 2023, is a powerhouse in life science research. Its School of Medicine received $550 million in NIH funding in 2023, a 12% increase from the previous year.
    • The region’s academic institutions are actively commercializing their research. In 2023, San Diego research institutions filed for 215 biotech-related patents and spun out 28 new startups.

Excellent Quality of Life:

    • San Diego’s enviable climate and outdoor lifestyle remain a major draw for talent. In a 2023 survey, 75% of life science professionals cited quality of life as a primary reason for working in San Diego.
    • The city consistently ranks among the top 10 healthiest cities in the US. In 2024, it was ranked #3, with high scores for access to outdoor activities, healthy food options, and overall well-being.
    • San Diego’s cultural scene is thriving, with the Balboa Park Cultural District seeing a record 6.2 million visitors in 2023. This vibrant arts and culture ecosystem adds to the city’s appeal for international talent.

Strategic Location:

    • San Diego’s proximity to Mexico offers unique opportunities for cross-border collaborations. In 2023, 15% of San Diego biotech companies reported active partnerships with Mexican research institutions or manufacturers.
    • The city’s location on the Pacific Rim facilitates more accessible connections with Asian markets. In 2023, San Diego saw a 22% increase in life science exports to Asia compared to the previous year.
    • San Diego International Airport, which completed a $3 billion expansion in 2024, now offers direct flights to 15 international destinations, enhancing global connectivity for life science companies.
 

💯 Key Facts

  • San Diego’s life science industry employed over 72,000 people as of early 2024, a 6% increase from 2022. The average salary in the sector reached $135,000, representing a 15% premium over the city’s overall average wage.
  • In 2023, San Diego-based companies raised $6.8 billion in venture capital funding for life sciences, a 10% increase from the previous year. This represents the highest per-capita life science VC investment in the US.
  • In 2023, the region saw 8 biotech IPOs, collectively raising $1.9 billion. This included Resilience Biotechnologies’ $800 million IPO, the largest in San Diego’s history.
  • San Diego received $1.23 billion in NIH funding in 2023, a 19% increase from 2021. This places the city 4th nationally in terms of NIH funding received.
  • The San Diego life science real estate market continued to grow, with 2.5 million square feet of new lab space under construction as of early 2024, representing a 30% increase in total available space.
 

💭 Challenges

Growing Competition for Talent:

    • While still less intense than Boston or the Bay Area, competition for top talent in San Diego is increasing. In 2023, 55% of life science companies reported difficulties filling senior scientific roles, up from 40% in 2021.
    • The influx of major pharmaceutical companies setting up R&D centers in San Diego has driven up salaries. In 2023, average compensation for senior scientists increased by 12%, outpacing the national average of 8%.
    • Retention of top talent is becoming more challenging. A 2023 survey found that 30% of San Diego life science employees were actively looking for new opportunities, up from 22% in 2021.

Rising Costs:

    • While still more affordable than San Francisco or Boston, San Diego’s cost of living is rising. The median home price reached $825,000 in 2024, a 10% increase from 2022.
    • Lab space costs have also increased. Prime locations in Torrey Pines now command rents of up to $90 per square foot annually, a 15% increase from 2021.
    • The cost of doing business is rising faster than the national average. A 2023 study found that operating costs for life science companies in San Diego increased by 7% year-over-year, compared to a national average of 5%.

Water Scarcity and Environmental Concerns:

    • California’s ongoing drought has implications for water-intensive life science operations. In 2023, San Diego implemented new water use restrictions that affected some lab processes.
    • The region’s vulnerability to wildfires poses risks to business continuity. In 2023, two significant wildfires came within 10 miles of crucial biotech hubs, highlighting the need for robust disaster preparedness plans.
    • New environmental regulations introduced in 2023 require life science companies to reduce their carbon footprint by 20% by 2030, necessitating investments in green technologies.

Less Established Ecosystem for Certain Life Science Subsectors:

    • While strong in genomics and personalized medicine, San Diego’s ecosystem must be developed in medical devices and digital health. In 2023, these sectors accounted for only 15% of total life science venture funding in the region.
    • The region has fewer large pharmaceutical companies than other major hubs, which can limit partnership opportunities for smaller biotech firms. As of 2024, only three of the top 20 global pharmaceutical companies have major R&D centers in San Diego.
    • Support services for highly specialized areas of research can be limited. A 2023 survey found that 25% of San Diego biotech companies had to outsource certain specialized lab services to other regions.
 

Despite these challenges, San Diego offers a compelling blend of scientific expertise, quality of life, and relative cost-effectiveness for life science companies. Its strengths in genomics and personalized medicine, coupled with a growing ecosystem and excellent research institutions, make it an attractive destination for international companies looking to establish a presence in the US market.

📍  Research Triangle, North Carolina: The Rising Star

The Research Triangle, encompassing Raleigh, Durham, and Chapel Hill, has gained significant momentum as a life science hub. Its unique blend of academic excellence, industry presence, and affordability is attracting increasing attention from international life science companies.

🔥 Advantages

Strong Academic Foundation:

    • The academic powerhouses produce a steady stream of talent. In 2023, over 3,500 students graduated from Triangle universities with advanced degrees in life sciences and related fields.
    • Collaborative research is a hallmark of the region. The North Carolina Biotechnology Center, which received $20 million in state funding in 2023, facilitated over 100 industry-academic partnerships.

Growing Ecosystem with Increasing Venture Capital Interest:

    • Venture capital investment in Triangle life science companies reached $1.8 billion in 2023, a 25% increase from the previous year and a new regional record.
    • In 2023, the area launched three new life science-focused venture funds, collectively raising over $600 million. This includes the $250 million Triangulate Ventures fund, the largest biotech-focused fund in the region’s history.
    • In 2023, Research Triangle Park (RTP) launched a new 100-acre life science campus, which attracted 12 new companies in its first year of operation.

Lower Cost of Living and Doing Business:

    • As of 2024, the cost of living in the Research Triangle is approximately 40% lower than in Boston and 50% lower than in San Francisco.
    • In 2023, lab space in the RTP averaged $32 per square foot annually, less than a third of the cost in Boston or San Francisco.
    • The median home price in the Triangle area was $385,000 in 2024, making it significantly more affordable for employees across all levels.

Supportive State Policies:

    • North Carolina offers one of the US’s most competitive tax structures for life science companies. In 2023, the state introduced new tax incentives for companies investing in gene therapy research.
    • The state’s Job Development Investment Grant program provided $80 million in funding to life science companies in 2023, supporting the creation of over 2,000 new jobs.
    • In 2023, North Carolina launched a $250 million life science workforce development initiative to train 10,000 new workers for the industry over the next five years.
 

💯 Key Facts

  • The Research Triangle Park, spanning 7,000 acres, is the largest research park in the US. As of 2024, it houses over 300 companies and 55,000 employees, with life sciences representing the most significant sector.
  • As of early 2024, North Carolina’s life science industry employed over 75,000 people across 775 companies, a 12% increase in employment and a 6% increase in the number of companies from 2022.
  • The state saw $3.8 billion in life science venture capital investment in 2023, ranking it 5th nationally and 1st on a per-capita basis among significant life science hubs.
  • In 2023, Triangle-based companies introduced five new drugs, including two first-in-class therapies for rare diseases.
  • The region’s life science manufacturing sector is booming. In 2023, companies announced $1.2 billion in new manufacturing investments in the Triangle area, expected to create over 1,500 jobs.
 

💭 Challenges

Less Established Ecosystem Compared to Top-Tier Hubs:

    • While increasing, the Triangle’s life science ecosystem is still smaller than those of Boston or San Francisco. This can limit networking and partnership opportunities, particularly for highly specialized fields.
    • The region has fewer large pharmaceutical companies than top-tier hubs. As of 2024, only two of the top 20 global pharmaceutical companies have major R&D centers in the Triangle.
    • Support services for some cutting-edge areas of research can be limited. A 2023 survey found that 20% of Triangle biotech companies had to outsource certain specialized lab services to other regions.

Smaller Pool of Experienced Life Science Executives:

    • The region needs more experienced C-suite talent in the life science sector. In 2023, 40% of Triangle biotech companies reported difficulties recruiting senior executives with relevant industry experience.
    • This talent gap is particularly pronounced in regulatory affairs and commercial operations. Some companies report recruiting from outside the region for these roles, increasing hiring costs.
    • The relative scarcity of experienced mentors and advisors can challenge early-stage companies. A 2023 survey of Triangle biotech startups found that 35% struggled to find suitable mentors within the local ecosystem.

Limited Direct International Flights:

    • While improving, the Triangle’s air connectivity needs to catch up to major hubs. As of 2024, Raleigh-Durham International Airport offered direct flights to only 8 international destinations, potentially complicating global operations and partnerships.
    • This can be particularly challenging for companies engaged in international clinical trials or those with significant overseas operations.

Growing Pains:

    • The rapid growth of the life science sector is putting pressure on local infrastructure. Traffic congestion has increased significantly, with average commute times in the Triangle rising by 15% between 2021 and 2024.
    • The influx of life science companies is driving up real estate prices. While affordable compared to top-tier hubs, commercial real estate costs in prime RTP locations increased by 20% between 2022 and 2024.
    • The region’s public transportation system needs help to keep pace with growth. A 2023 survey found that 45% of life science employees in the Triangle considered the lack of robust public transit options a significant drawback.

Despite these challenges, the Research Triangle offers a compelling value proposition for international life science companies looking to establish a US presence. Its academic excellence, growing industry presence, and affordability make it an increasingly attractive alternative to more established hubs.

📍  Philadelphia, Pennsylvania: The Pharma Hub

Philadelphia has a long and storied history in the pharmaceutical industry and continues to be a major player in life sciences. Its strategic location, solid academic presence, and deep ties to the pharmaceutical industry make it an attractive destination for international life science companies.

🔥 Advantages

Strong Presence of Large Pharmaceutical Companies:

    • The region saw significant pharma investment in 2023, with over $2 billion in new R&D and manufacturing facilities announced.
    • The concentration of big pharma creates numerous partnership opportunities for smaller biotech firms. In 2023, Philadelphia-based pharma companies collaborated with 85 local biotech startups.

Rich Academic Environment:

    • Penn’s Perelman School of Medicine, ranked 3rd nationally for research in 2024, is a powerhouse in life science innovation. In 2023, it spun out 15 biotech startups and filed for 185 patents.
    • The academic sector is deeply integrated with industry. In 2023, Philadelphia universities reported over 200 active industry-sponsored research projects in the life sciences.

Strategic Location:

    • Philadelphia’s location between New York and Washington, DC, provides easy access to regulatory bodies, financial markets, and a large talent pool.
    • The city’s international airport offers direct flights to 35 international destinations as of 2024, facilitating global operations.
    • The region’s proximity to significant population centers makes it ideal for clinical trials. In 2023, Philadelphia-based institutions conducted over 1,200 clinical trials, a 15% increase from 2021.

Strong in Cell and Gene Therapy:

    • Philadelphia has emerged as a leader in cell and gene therapy. As of 2024, the region is home to over 50 companies in this space, up from 30 in 2021.
    • The city’s “Cellicon Valley” initiative, launched in 2022, has attracted $500 million in new cell and gene therapy infrastructure investments as of 2024.
    • In 2023, Philadelphia-based companies initiated 30 clinical trials in cell and gene therapy, representing 25% of all such trials in the US.
 

💯 Key Facts

  • As of 2024, the Greater Philadelphia region was home to over 1,300 life science companies employing more than 70,000 people. This represents a 10% increase in both companies and employment from 2022.
  • Pennsylvania ranks 5th nationwide for NIH funding, receiving $2.1 billion in 2023. Of this, $1.4 billion went to institutions in the Philadelphia area.
  • In 2023, the region saw $2.8 billion in life science venture capital investment, a 20% increase from the previous year.
  • Philadelphia’s life science real estate market is booming. As of early 2024, 2.8 million square feet of lab space was under construction, representing a 25% increase in total available space.
  • The city’s cell and gene therapy sector raised $1.2 billion in venture funding in 2023, accounting for 20% of all such funding in the US.
 

💭 Challenges

  1. High Operating Costs:
    • While more affordable than Boston or San Francisco, Philadelphia’s costs are rising. Prime lab space in the University City area reached $65 per square foot annually in 2023, a 12% increase from 2021.
    • The city’s wage tax, at 3.8% for residents and 3.5% for non-residents in 2024, is the highest in the nation and can deter some employees.
    • Philadelphia’s energy costs are higher than the national average. In 2023, commercial electricity rates were 15% above the US mean, impacting operating costs for energy-intensive lab operations.

Talent Retention Challenges:

    • Philadelphia faces competition for talent from nearby hubs like Boston and New York. A 2023 survey found that 30% of life science professionals in Philadelphia would consider relocating to these cities for career advancement.
    • The region needs help to retain international students after graduation. In 2023, only 45% of international life science graduates from Philadelphia universities remained in the area after completing their studies.
    • More experienced executives are needed in emerging fields like digital health and AI-driven drug discovery. In 2023, 50% of Philadelphia biotech companies reported difficulties filling senior roles in these areas.

Aging Infrastructure:

    • Parts of Philadelphia’s infrastructure are showing their age. A 2023 report found that 35% of the city’s roads and 25% of its bridges were in poor condition, potentially impacting logistics for life science companies.
    • Some older lab buildings in the city center require significant upgrades to meet modern research needs. A 2023 survey found that 30% of life science companies in Philadelphia cited infrastructure limitations as a significant challenge.
    • While extensive, the city’s public transportation system has faced reliability issues. In 2023, on-time performance for buses and trains averaged 75%, below the national average of 85% for major urban transit systems.

Regulatory Complexities:

    • Philadelphia’s life science companies face a complex regulatory environment. In 2023, the city introduced new regulations for biohazard waste disposal, adding to compliance costs for many firms.
    • The region’s strong focus on cell and gene therapies brings additional regulatory scrutiny. A 2023 FDA report highlighted the need for enhanced oversight in this rapidly evolving field, potentially leading to longer approval timelines.
    • Pennsylvania’s environmental regulations are among the strictest in the nation. In 2023, the state introduced new guidelines for lab water usage and chemical storage, requiring significant adjustments for many companies.

Despite these challenges, Philadelphia’s strong pharmaceutical presence, world-class academic institutions, and growing cell and gene therapy sector make it an attractive destination for international life science companies, particularly those looking to leverage extensive pharma partnerships or excel in advanced therapies.#

Emerging Life Science Hubs

While the established hubs offer many advantages, several other cities are emerging as significant life science centers, offering unique opportunities for international companies looking to enter the US market.

 

📍 Houston, Texas: The Medical City

Houston, home to the largest medical center in the world, is rapidly evolving into a significant life science hub.

🔥 Advantages

Texas Medical Center (TMC):

    • TMC, spanning 2.1 square miles, is the largest medical complex globally. In 2023, it saw over 10 million patient visits and conducted over 180,000 surgeries.
    • The center’s TMC3 translational research campus, opened in 2023, added 700,000 square feet of collaborative research space and attracted 25 new biotech companies in its first year.
    • TMC’s Innovation Institute incubated 87 life science startups in 2023, a 30% increase from 2021.

Growing Focus on Cell and Gene Therapy:

    • Houston is emerging as a leader in cell and gene therapy. As of 2024, the city is home to over 35 companies in this space, up from 20 in 2021.
    • MD Anderson Cancer Center, a world leader in cancer research, initiated 45 cell therapy clinical trials in 2023, representing 15% of all such trials in the US.
    • In 2023, Houston-based cell and gene therapy companies raised $1.2 billion in venture funding, a 50% increase from the previous year.

Favorable Business Environment:

    • Texas has no state income tax, making it attractive for companies and employees.
    • As of 2024, the cost of living in Houston is 45% lower than in San Francisco and 35% lower than in Boston.
    • Texas offered $180 million in life science-specific incentives in 2023, with Houston-based companies receiving 40% of these funds.
 

💯 Key Facts

  • As of early 2024, Houston’s life science sector employed over 40,000 people across 450 companies, a 15% increase from 2022.
  • The city received $760 million in NIH funding in 2023, a 22% increase from 2021.
  • Houston saw $1.5 billion in life science venture capital investment in 2023, ranking it 8th nationally.
  • As of 2024, 2 million square feet of life science-specific real estate are under development in Houston, representing a 40% increase in total available space.
 

💭 Challenges

  • Houston’s life science ecosystem is growing rapidly but is still less mature than established hubs. Some specialized services and talent can be harder to find locally.
  • The city’s dependence on the oil and gas industry can lead to economic volatility, which can potentially affect funding and partnership opportunities.
  • Houston’s climate, including vulnerability to hurricanes, poses risks to business continuity and can deter some talent.
 

📍 Seattle, Washington: Tech Meets Biotech

Seattle’s robust tech industry increasingly converges with life sciences, creating unique opportunities in digital health and AI-driven drug discovery.

🔥 Advantages

Strong in Immunology and Cancer Research:

    • Seattle-based companies initiated 65 cancer immunotherapy clinical trials in 2023, representing 20% of all such trials in the US.
    • The city is home to several leading cancer research institutions, including Seattle Children’s Research Institute and UW Medicine.

Growing Convergence of Tech and Life Science:

    • Seattle’s tech giants are increasingly investing in health tech. In 2023, Amazon, Microsoft, and Google invested $2 billion in Seattle-based health tech startups.
    • Seattle saw a 40% increase in digital health startup formations in 2023 compared to the previous year.

Strong Academic and Research Institutions:

 

💯 Key Facts

  • As of early 2024, Seattle’s life science industry employed over 35,000 people across 400 companies, a 12% increase from 2022.
  • The city saw $2.2 billion in life science venture capital investment in 2023, ranking it 7th nationally.
  • As of 2024, 1.5 million square feet of life science-specific real estate are under development in Seattle, representing a 30% increase in total available space.
  • Seattle-based biotech companies filed for 5 IPOs in 2023, collectively raising $1.2 billion.
 

💭 Challenges

  • The cost of living is high, though still lower than in San Francisco or Boston. The median home price in Seattle reached $850,000 in 2024.
  • Competition for tech talent with the city’s major tech companies can increase salaries and make recruitment challenging for biotech firms.
  • The city’s rapid growth has led to infrastructure strain, increasing traffic congestion and housing shortages in widespread neighborhoods.

 

📍 Denver-Boulder, Colorado: The Mile-High Life Science Corridor

The Denver-Boulder area is emerging as a significant player in the life science industry, particularly in medical devices and bioscience.

🔥 Advantages

Emerging Hub for Medical Device Companies:

    • The region is home to over 200 medical device companies as of 2024, up from 150 in 2021.
    • The Medical Device Manufacturing Institute, launched in Denver in 2023, is driving innovation in advanced manufacturing techniques for medical devices.

High Quality of Life:

    • Denver and Boulder consistently rank among the top 10 most livable cities in the US. In 2024, Boulder ranked #2 and Denver #7 in US News & World Report’s Best Places to Live.
    • The region offers easy access to outdoor activities, with the Rocky Mountains providing year-round recreational opportunities.
    • Colorado’s work-life balance culture is attractive to many professionals. A 2023 survey found that 70% of life science employees in the region cited quality of life as a primary reason for working there.

Growing Bioscience Ecosystem:

    • The region saw a 25% increase in bioscience company formations in 2023 compared to the previous year.
 

💯 Key Facts

  • As of early 2024, the Denver-Boulder life science industry employed over 25,000 people across 350 companies, a 10% increase from 2022.
  • The region received $550 million in NIH funding in 2023, a 15% increase from 2021.
  • Colorado saw $1.2 billion in life science venture capital investment in 2023, ranking 12th nationally but 1st on a per-capita basis among emerging hubs.
  • As of 2024, 1 million square feet of life science-specific real estate is under development in the Denver-Boulder area, representing a 25% increase in total available space.7
 

💭 Challenges

  • While increasing, the life science ecosystem still needs to be more mature than established hubs. Some specialized services and senior-level talent can be challenging to find locally.
  • While improving, the region’s venture capital scene is not as robust as that of top-tier hubs. Some companies still rely on out-of-state investors for later-stage funding.
  • Colorado’s variable climate, including the potential for severe winter weather, can occasionally disrupt business operations and logistics.

 

📍 New York, New York: The Rising Life Science Powerhouse

New York City has rapidly emerged as a significant player in the life sciences sector, leveraging its world-class academic institutions, diverse talent pool, and strategic initiatives to attract biotech companies.

🔥 Advantages

Massive Investment in Life Science Infrastructure:

  • In 2023, New York City’s LifeSci NYC initiative expanded its commitment to $1.5 billion, up from the initial $500 million investment in 2016.
  • As of early 2024, the initiative has helped create or preserve over 3 million square feet of life science space across the city.
  • The Alexandria Center for Life Science, 728,000 square feet, has become a focal point for biotech innovation in Manhattan.

Access to Diverse Talent and Prestigious Institutions:

  • New York has over 100 research foundations and nine academic medical centers, including world-renowned institutions like Columbia University, NYU, and Weill Cornell Medicine.
  • In 2023, these institutions collectively received over $2.7 billion in NIH funding, a 12% increase from 2021.
  • In 2023, the city’s universities produced over 5,000 life science graduates, providing a steady stream of skilled workers.

Growing Venture Capital Presence:

  • New York-based life science companies raised $3.8 billion in venture capital in 2023, a 25% increase from 2021.
  • The number of V.C. firms specializing in life sciences in New York grew from 12 in 2021 to 18 in 2023, including new offices opened by West Coast heavyweights.

Strategic Location and Global Connectivity:

  • New York’s position as a global business hub provides unparalleled access to potential partners, investors, and customers.
  • In 2023, the city hosted over 200 life science conferences and events, attracting more than 50,000 industry professionals worldwide.

💯 Key Facts

  • As of early 2024, New York City’s life science sector employed over 40,000 people, a 30% increase from 2021.
  • The city saw seven biotech IPOs in 2023, raising a collective $1.8 billion.
  • In 2023, New York-based biotech startups filed over 400 patents, a 22% increase from 2021.
  • The average salary for life science professionals in New York reached $135,000 in 2023, up 15% from 2021.
  • As of early 2024, there are over 150 life science companies in New York City, up from 120 in 2021.

💭 Challenges

High Costs and Limited Space:

  • New York City remains one of the most expensive real estate markets in the U.S. In 2023, lab space in Manhattan averaged $105 per square foot annually.
  • The city’s limited land availability poses challenges for companies requiring large-scale manufacturing facilities.

Competition with Other Industries:

  • New York’s diverse economy means life science companies must compete for talent with finance, tech, and other high-paying sectors.
  • In a 2023 survey, 45% of New York biotech startups reported difficulties recruiting experienced scientists due to competition from other industries.

Regulatory Complexities:

  • New York City has strict zoning and environmental regulations. In 2023, the city introduced new guidelines for life science facilities, adding to compliance costs for many companies.
  • Navigating the city’s complex regulatory landscape can take time and effort, especially for smaller companies or those new to the area.

 

📍 Minneapolis, Minnesota: The Midwest’s Medical Device Mecca

Minneapolis has long been a hub for medical device innovation and is increasingly attracting attention from other life science sectors.

🔥 Advantages

World-Leading Medical Device Ecosystem:

Strong Academic and Research Institutions:

  • The University of Minnesota received $560 million in NIH funding in 2023, placing it among the top 20 public research universities in the U.S.
  • Mayo Clinic, headquartered in nearby Rochester, continues to be a powerhouse in medical research and innovation. In 2023, it conducted over 3,000 clinical trials.

Supportive Business Environment:

  • Minnesota’s Medical Device Tax Credit, expanded in 2023, now offers a 25% credit on investments in early-stage medical device companies.
  • In 2023, the state’s Angel Tax Credit program provided $20 million in credits for investments in high-tech and life science startups.

Lower Cost of Living and Doing Business:

  • As of 2024, the cost of living in Minneapolis is 30% lower than in Boston and 45% lower than in San Francisco.
  • In 2023, lab space in the Minneapolis area averaged $28 per square foot annually, significantly lower than that in coastal biotech hubs.

💯 Key Facts

  • As of early 2024, the life science sector in Minnesota employed over 57,000 people, with medical devices accounting for about 60% of these jobs.
  • Minneapolis-based life science companies raised $980 million in venture capital in 2023, a 40% increase from 2021.
  • The University of Minnesota graduated over 1,200 students with advanced degrees in biomedical engineering and related fields in 2023.
  • Minnesota ranked 4th in the nation for medical patents per capita in 2023, with over 1,500 patents filed.
  • Minneapolis’s average salary for life science professionals reached $105,000 in 2023, up 12% from 2021.

💭 Challenges

Limited Biotech Presence:

  • While strong in medical devices, Minneapolis must catch up in biotechnology and pharmaceuticals. As of 2024, only about 100 biotech companies are in the area.
  • Attracting top-tier biotech talent can be challenging, with many preferring established hubs on the coasts.

Funding Gap:

  • Despite recent growth, venture capital availability in Minneapolis still needs to catch up with significant biotech hubs. In 2023, the total V.C. investment in Minneapolis life science companies was about 20% of that in Boston.

Harsh Climate:

  • Minneapolis’s long, cold winters can deter some professionals and companies from considering relocation.
  • Extreme weather can occasionally disrupt business operations and logistics, particularly in winter.

 

📍 Charleston, South Carolina: An Emerging Life Science Destination

Charleston is rapidly gaining recognition as an up-and-coming life science hub, leveraging its quality of life, strategic location, and growing support for innovation.

🔥 Advantages

Rapidly Growing Life Science Ecosystem:

Strategic Location and Logistics:

  • Charleston’s port, the deepest on the East Coast, provides efficient shipping for life science products and materials.
  • In 2023, the Charleston International Airport added direct flights to Boston and San Francisco, improving connectivity with significant life science hubs.

Quality of Life and Lower Costs:

  • Charleston consistently ranks among the top U.S. cities for quality of life. In 2023, it was named the #1 small city in the U.S. by Condé Nast Traveler for the 10th consecutive year.
  • As of 2024, the cost of living in Charleston is 40% lower than in Boston and 55% lower than in San Francisco.
  • In 2023, lab space in Charleston averaged $25 per square foot annually, significantly lower than in established biotech hubs.

Growing Academic and Research Presence:

  • The Medical University of South Carolina (MUSC) received $290 million in research funding in 2023, a 15% increase from 2021.
  • Clemson University’s Charleston campus expanded its bioengineering program in 2023, doubling its research space.

💯 Key Facts

  • As of early 2024, the life science sector in Charleston employed over 5,000 people, a 25% increase from 2021.
  • Charleston-based life science companies raised $150 million in venture capital in 2023, triple the amount raised in 2021.
  • MUSC and Clemson University collectively graduated over 500 students with advanced life sciences and bioengineering degrees in 2023.
  • The average salary for life science professionals in Charleston reached $85,000 in 2023, up 18% from 2021.
  • In 2023, Charleston hosted its first significant life science conference, attracting over 1,000 industry professionals from across the Southeast.

💭 Challenges

Limited Talent Pool:

  • Despite recent growth, Charleston’s life science workforce is still relatively small compared to established hubs.
  • In a 2023 survey, 50% of Charleston biotech companies reported difficulties recruiting senior-level scientists and executives.

Nascent Ecosystem:

  • The support infrastructure for life science companies, including specialized service providers and contract research organizations, is still developing.
  • As of 2024, only two venture capital firms in Charleston specifically focused on life sciences.

Weather-Related Risks:

  • Charleston’s coastal location makes it vulnerable to hurricanes and flooding, which can threaten research facilities and operations.
  • In 2023, two major storms significantly disrupted local businesses, highlighting the need for robust continuity plans.

Hiring Considerations for International Life Science Companies

As you consider where to expand your life science company in the US, hiring will be one of your most crucial considerations. At Foothold America, we specialize in helping international companies navigate the complex landscape of US hiring practices. Here are some key points to keep in mind:

Specialized Talent

  • The life science industry requires highly specialized talent. Each hub has strengths in different areas (e.g., genomics in San Diego and pharma in Philadelphia).
  • As of 2024, the unemployment rate for life science professionals is below 2% nationally, indicating a highly competitive job market.
  • Consider partnering with local universities and research institutions. Many offer industry collaboration programs that can be a pipeline for top talent.
 

Visa Requirements

  • Many life science roles may qualify for H-1B or O-1 visas. However, the process can be complex and competitive.
  • In 2023, only 27% of H-1B visa applications were approved for initial employment, highlighting the need for careful planning and expert guidance.
  • Consider the L-1 visa for transferring employees from your home country to your US operations. In 2023, L-1 visas had a higher % approval rate of 78% for initial applications.
 

Compensation Expectations

  • Salaries in the life science sector can vary significantly between locations. As of 2024, the average salary for a senior scientist in Boston ($150,000) is about 25% higher than in Research Triangle Park ($120,000).
  • Beyond base salary, consider the total compensation package. Stock options and performance bonuses are increasingly common, especially for senior roles.
  • When setting salaries, factor in cost-of-living differences. When adjusted for cost of living, a $100,000 salary in San Francisco equals about $55,000 in Houston.
 

Regulatory Compliance

  • Hiring in the life science sector often requires understanding additional regulations, such as those enforced by the FDA and NIH.
  • Ensure compliance with state-specific labor laws. California has stricter regulations regarding non-compete agreements than many other states.
  • Stay updated on changing regulations. In 2023, several states introduced new pay transparency and equity laws, which can affect your hiring practices.
 

Workplace Culture

  • American workplace culture can differ significantly from other countries. Be prepared to adapt your management style and company policies accordingly.
  • Flexible work arrangements are increasingly expected. A 2023 survey found that 65% of life science professionals consider remote work options a key factor when choosing an employer.
  • Diversity and inclusion initiatives are crucial. In 2023, 80% of life science job seekers in the US said a company’s commitment to diversity influenced their decision to accept a job offer.
 

Talent Retention

  • The life science sector has a high turnover rate. In 2023, the average tenure for a biotech employee in the US was just 2.8 years.
  • Consider implementing robust professional development programs. A 2023 study found that life science companies offering clear career progression paths had 30% lower turnover rates.
  • Remember to consider the importance of company culture and work-life balance. In a 2023 survey, these factors ranked higher than compensation in influencing job satisfaction among life science professionals.
 

At Foothold America, we understand that navigating these complexities can be challenging for international companies. Our team of experts can guide you through every hiring process step, from understanding local labor laws to developing competitive compensation packages. We can help you build a strong, compliant, and motivated US workforce to drive your company’s success in the American market.

The Opportunities for International Life Science Businesses in the US

Expanding to the US offers international life science companies a wealth of opportunities. Here’s a deeper look at what the US market has to offer.

1.    Access to the World’s Largest Healthcare Market:

  • According to the latest projections from the Centers for Medicare & Medicaid Services, the US healthcare market will reach $6.8 trillion by 2028.
  • The US accounts for about 40% of the global pharmaceutical market. 2023 US prescription drug sales reached $590 billion, representing a 5.5% increase from the previous year.
  • The US medical device market, valued at $200 billion in 2023, is expected to grow at a CAGR of 5% through 2028.
 

2.    Robust Funding Ecosystem:

  • Venture capital investment in US life science companies reached an all-time high of $78 billion 2023, a 10% increase from the previous year.
  • The National Institutes of Health (NIH) budget for fiscal year 2024 is $49 billion, with a significant portion dedicated to extramural research grants.
  • Corporate venture capital is becoming increasingly important. In 2023, pharmaceutical companies invested $15 billion in biotech startups, a 25% increase from 2021.
 

3.    Cutting-Edge Research Infrastructure:

  • According to the 2024 QS World University Rankings, the US is home to 17 of the top 20 life science universities globally.
  • As of 2024, 71 NCI-designated Cancer Centers across the US provide world-class research facilities and clinical trial opportunities.
  • The US leads the world in life science patents. In 2023, US-based researchers and companies filed for over 65,000 biotechnology and pharmaceutical patents.
 

4.    Regulatory Leadership:

  • FDA approval often precedes approvals in other countries. In 2023, 65% of new active substances were approved in the US before any other country.
  • The FDA’s accelerated approval pathways can speed up the process for breakthrough therapies. In 2023, 20 drugs, including several first-in-class therapies, received accelerated approval.
  • The US regulatory environment is evolving to keep pace with innovation. In 2023, the FDA released new guidance documents on cell and gene therapies, digital health technologies, and the use of real-world evidence in regulatory decision-making.
 

5.    Talent Pool:

  • The US produces a steady stream of top-tier life science graduates. In 2023, US institutions awarded over 120,000 advanced degrees in biological and biomedical sciences.
  • The US attracts global talent. As of 2024, 25% of US biotech workers are foreign-born, bringing diverse perspectives and international connections.
  • The interdisciplinary nature of US research institutions fosters innovation. Many universities now offer programs that blend life sciences with computer science, engineering, and data analytics.
 

6.    Market Size and Diversity:

  • The large and diverse US population provides opportunities for clinical trials across various demographics and conditions.
  • The size of the US market allows for the commercial viability of therapies for rare diseases. In 2023, the FDA approved 18 new drugs for rare diseases.
  • The US leads in specific therapeutic areas. For example, 60% of global oncology trials 2023 included US research sites.
 

7.    Innovation Ecosystem:

  • The US has a culture that encourages entrepreneurship and risk-taking. In 2023, over 1,000 new biotech startups were founded across the country.
  • The convergence of technologies in the US is driving innovation. In 2023, 40% of life science patents filed in the US involved AI or machine learning components.
  • Collaborative innovation hubs, like the Kendall Square in Cambridge or the Texas Medical Center in Houston, foster cross-pollination of ideas between academia, industry, and startups.
 

8.    Precision Medicine and Personalized Healthcare:

  • The US is at the forefront of precision medicine. The All of Us Research Program, launched by the NIH, aims to collect data from 1 million Americans to accelerate research in personalized healthcare. o In 2023, 25% of all new drug approvals in the US were for customized medicines, up from 15% in 2018.
  • The US market for direct-to-consumer genetic testing reached $3 billion in 2023, providing opportunities for companies in genomics and data analytics.
 

9.    Digital Health and Telemedicine:

  • The US digital health market is projected to reach $150 billion by 2028, growing at a CAGR of 18% from 2023. o Telemedicine adoption has stabilized post-pandemic but remains significant. In 2023, 22% of all outpatient visits in the US were conducted via telemedicine.
  • The FDA has streamlined its regulatory process for digital health technologies, approving 89 new digital therapeutics in 2023, a 40% increase from 2021.
 

10. Biomanufacturing and Supply Chain Innovation:

  • The US invests heavily in domestic biomanufacturing. In 2023, the government announced a $2 billion initiative to boost US biomanufacturing capabilities.
  • Advanced manufacturing technologies, including continuous manufacturing and 3D bioprinting, are gaining traction. In 2023, the FDA approved the first drug produced entirely through continuous manufacturing.
  • There’s a growing focus on supply chain resilience. Companies with US-based manufacturing facilities are increasingly preferred for government contracts and partnerships.
 

These opportunities underscore the immense potential for international life science companies in the US market. However, success in this complex and competitive landscape requires careful planning, strategic decision-making, and often, expert guidance.

Conclusion: Navigating Your Path to US Expansion

As explored in this comprehensive guide, the United States offers unparalleled opportunities for international life science companies looking to expand their global footprint. From Boston’s cutting-edge research facilities to Seattle’s tech-biotech convergence, each hub presents its unique advantages and challenges.

Recommendations for International Companies

  1. Align with Your Strengths: Choose a location that aligns with your company’s focus. For example, if you’re in cell and gene therapy, Philadelphia or Houston might be ideal. For digital health, consider Seattle or San Francisco.
  2. Consider Costs: While Boston and San Francisco offer prestigious addresses, emerging hubs like Research Triangle or Denver can save significantly without compromising quality.
  3. Build Partnerships: Leverage the strong academic-industry collaborations in the US. Engage with local universities and research institutions to access cutting-edge research and talent.
  4. Understand Local Dynamics: Each hub has a unique culture and business environment. To integrate successfully, take time to understand these nuances.
  5. Plan for Talent: The US life science job market is highly competitive. Develop a robust talent acquisition and retention strategy, considering factors like visa requirements and competitive compensation packages.
  6. Navigate Regulations: Familiarize yourself with both federal and state-specific regulations. Consider partnering with local experts to ensure compliance.
  7. Leverage Support Systems: Many regions offer support for international companies, from economic development agencies to industry-specific incubators. Take advantage of these resources.
  8. Embrace Digital Transformation: Invest in digital capabilities, whether incorporating AI into your R&D process or developing digital health solutions to complement your core offerings.
  9. Focus on Sustainability: Develop and communicate your ESG strategy. This can be a differentiator for investors, partners, and customers in the US market.
  10. Stay Agile: The US life science landscape is rapidly evolving. Be prepared to adapt your strategies as new technologies emerge and market dynamics shift.
 

Expanding into the US market is significant for any international life science company. While the opportunities are vast, the challenges can be complex. At Foothold America, we specialize in helping international companies navigate these complexities. From selecting the ideal location to building your US team, we provide comprehensive support to ensure your successful entry into the American market.

Remember, there’s no one-size-fits-all approach to US expansion. Your path will depend on your company’s goals, resources, and focus areas. By carefully considering the factors outlined in this guide and seeking expert assistance, you can position your company for success in the world’s largest and most innovative life science market.

Are you ready to take the next step in your global expansion journey? Contact Foothold America today to learn how we can help you establish and grow your presence in the US life science industry.

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