BioNJ and New Jersey

Everything to enter the US Healthcare markets and grow is here.

New Jersey enables market entry for the Global life science and health care industry by offering a unique commercialization ecosystem composed of an experienced workforce, a dense network of specialized services, financial resources and effective supply chain infrastructure in the middle of the largest healthcare market in the US.

 

Global Leader in Pharmaceutical and Biotechnology Industries

  • Home to 14 of the world’s 20 largest pharmaceutical, Medical Technology, and Diagnostics companies including Bristol-Myers Squibb, Johnson and Johnson, Merck, Novartis, Pfizer, Sanofi, Novo Nordisk, Bayer Healthcare, Daiichi Sankyo, and more
  • Over 380 Biotechnology companies in our State including Amicus Therapeutics, Celgene Corporation, Chromocell, Genmab, NPS Pharmaceuticals and PTC Therapeutics
  • The world’s highest concentration of scientists and engineers in the world
  • Home of the world’s largest Clinical Research Organizations including Covance, PharmaTrials, InVentiv Health Clinical, and Frontage Clinical Services
  • State-of-the-art patient access facilities in the areas of Neuroscience, Oncology, Pediatrics, Cardiac and Pulmonary
  • Home of major healthcare foundations – the Robert Wood Johnson Foundation, Christopher and Dana Reeve Foundation, Henry H. Kessler Foundation, The Healthcare Foundation of New Jersey
  • World renowned research institutions- Advanced Research at Cancer Institute of NJ, Stem Cell Institute of New Jersey, W.M. Keck Center for Collaborative Neuroscience, Center for Advanced Biotechnology and Medicine (CABM), Biotechnology Center for Agriculture and the Environment, Waksman Institute, Center for Advanced Food Technology
  • A collaborative network of technology incubators, supported by the NJEDA. Those focusing on the life sciences include the Commercialization Center for Innovative Technologies, Burlington County College High Tech Center and the Enterprise Development Center at NJIT.

 

Economic Impact & Employment

  • $30.1 B estimated annual expenditures by NJ Life Science industry
  • 379 biotechnology companies operating in NJ in 2014
  • $33.54 B in Gross Domestic Product (GDP)
  • $20.32 B in compensation
  • $1.53 B in State Tax Revenue
  • $1.36 B in Local Tax Revenue
  • In 2013:
    • 3,042 Life Science facilities in NJ
    • 66,541 jobs in NJ directly
    • 146,105 jobs indirectly
    • Total: 212,556 jobs
  • 7 NJ Life Science companies completed IPOs in NJ in 2013

 

Skilled Workforce

  • Extensive regulatory and commercialization experience in the life sciences
  • Pharmaceutical and biotechnology laboratory discovery and development capability
  • #1 in number of chemists in the US
  • #2 in number of biochemists and biophysicists
  • #3 in number of microbiologists
  • Extensive Patent track record – Ranked 3rd in the US in Bioscience-related patents issues between 2009 and 2013

 

Education

  • 31 public and private four-year universities, including Princeton University and Rutgers University
  • 19 county colleges
  • Two top engineering schools – NJIT and Stevens Institute
  • Ranked #4 nationally for education
  • Ranked #1 nationally for school system quality and #2 for education output and safety

 

Geographic Desirability

  • Access to extensive and capable transportation, distribution and logistics network
  •  A train ride away from the FDA and NIH
  • Across the river from Wall Street
  • Proximity within 6 hour drive to the majority of the US population
  • Access to four major international airports with non-stop travel destinations around the world
  • Desirable Eastern Standard Time Zone

 

Diversity and Languages

New Jersey is one of the most diverse states in the nation. Over 25% of NJ’s population speaks a second language at home. Nearly one million NJ residents are fluent in Spanish. Other language fluency includes Italian, Chinese, Polish, Portuguese, Tagalog, Korean, Gujarathi, French, Arabic, German, Russian, Hindi and other Indic languages.

Leisure Time Choices

  • Swimming, fishing and canoeing, kayaking, boating on 127 miles of coastline beaches and rivers
  • Birding on the Atlantic Flyway, Gardening (We are the Garden State!)
  • Enjoying outdoor activities in 39 state parks, 11 forests and 57 historic sites
  • Sports include fishing, downhill and cross-country skiing, snowboarding, biking and golfing
  • World class museums including the Liberty Science Center

 

For additional information, please contact BioNJ@BioNJ.org