State catching up in the biotech race
State catching up in the biotech race

State catching up in the biotech race

Max Jarman
The Arizona Republic
Sept. 11, 2005 12:00 AM

Arizona's emerging biotech industry is growing slowly but making clear progress.

And while the state still lags significantly behind mature biotech hot spots such as San Diego and Boston, it is catching up faster than many people expected.

"This is a marathon, not a sprint," said Walter Plosila, a vice president with Battelle, a non-profit research firm hired to chart the state's biotech progress. advertisement




An interim progress report prepared by Battelle found that from 2000 to 2004, the state recorded solid growth in the number of bioscience companies, related jobs and average wages.

Arizona also made important strides in research funding, venture-capital investment and new product development.

As if to emphasize the point, InNexus Biotechnology Inc., a Canadian-based company, announced last week that it would locate its U.S. headquarters and a research facility in Scottsdale's Mayo Clinic.

"We're seeing interest because these companies see things happening here," said Jon McGarity, chairman of the Arizona BioIndustry Association. McGarity said he is working with five other bioscience companies interested in locating in Arizona.

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