BioNJ and New Jersey

Everything to enter the U.S. Healthcare markets and grow is here.

New Jersey enables market entry for the Global life sciences and healthcare 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 U.S.

Global Leader in Life Sciences

  • Nearly 40% of FDA drug approvals in 2020/2021 came from companies with a footprint in NJ – 70 FDA approvals from 43 companies
  • Nearly 1,000 companies working on COVID-19 programs – nearly 100 are from New Jersey alone, including first COVID-19 vaccine, saliva test and therapeutics
  • New Jersey leads the tri-state region with an annual economic impact of $108.3 billion with over 300,000 direct, indirect & induced jobs
  • More than 3,200 life sciences establishments, featuring multinational companies, including 8 out of top 10 R&D companies and 13 of the top 20 global pharma companies
  • World’s highest concentration of scientists and engineers per square mile – >225,000
  • Home to elite research universities – including 63 academic institutions
  • Pioneering patient-centric treatments with cell and gene therapy breakthroughs
  • 30% of all cell and gene therapies in development are being done in New Jersey region
  • 180 FDA-registered biopharmaceutical manufacturing facilities – leading the nation
  • NJ/NY is the #1 region for NIH life science funding

A Strong Foundation for Start-Ups

  • NJCSIT supporting start-ups and innovation; SBIR Bridge funding and more
  • Princeton University’s BioLabs-managed Innovation Center
  • The RU-UMDNJ merger, Rutgers Health and RWJBarnabas Health fostering a culture and systems driving entrepreneurship and company creation at Rutgers University
  • BioCentriq, NJIT’s NJ Innovation Institute, featuring cell and gene therapy manufacturing
  • Rowan University’s Incubator and Investment Fund and Medical Schools
  • The Enterprise Development Center at the New Jersey Institute of Technology
  • The Hackensack Meridian Health School of Medicine
  • The Institute for Life Sciences Entrepreneurship, which is supporting start-ups
  • Celgene/BMS’s 16,000-square foot biopharma incubator
  • New Jersey Bioscience Center – Incubator at North Brunswick
  • “The Hub” – A NEW innovation and research center in New Brunswick!
  • SciTech Scity in Jersey City – NEW!
  • The COVE in Jersey City – New!

A Rich History of Medical Innovation

  • The birthplace of immunotherapy: New Jersey-based Medarex led today’s life-saving treatments for cancer
  • First-ever CAR-T cell therapy: New Jersey facility of Novartis received first ever FDA approval for CAR-T cell therapy
  • The cure for Hepatitis C: New Jersey-based Pharmasset devised drug to combat Hepatitis C
  • 1st FDA approved 3D-printed drug: New Jersey-located Aprecia received the first FDA approval for a 3D-printed drug

Skilled Workforce

  • Extensive regulatory and commercialization experience in the life sciences
  • Pharmaceutical and biotechnology laboratory discovery and development capability
  • #1 concentration of STEM employees – The most STEM (science, technology, engineering and math) jobs per square mile in the United States
  • #2 state for cancer drugs in development
  • How New Jersey’s Workforce Pipeline Drives Innovation

Education

  • 63 colleges and universities, including six nationally recognized research universities, and innovative partnerships between academia and industry
  • New Jersey’s higher education institutions set the standard for educating the next generation of pioneers and driving the State’s talent and product pipeline forward.
  • New Jersey Institute of Technology (NJIT) in collaboration with its New Jersey Innovation Institute (NJII) offers one of the first Professional Science Masters (PSM) degree program and professional graduate certificate in cell and gene therapy
  • Rutgers University is home to a top 5 Business School for healthcare, pharma and biotech worldwide
  • Ranked #1 for early childhood education
  • Ranked #1 public school system
  • Home to #1 STEM high school

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 the fourth most diverse state in the nation with a 45% minority population. The State proudly boasts the second-largest population of foreign-born residents in the nation and immigrants make up nearly half (45%) of computer and mathematical occupations. 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