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• $1.3 billion of annual NIH funding
• 6,800 bioscience-related patents, more than any other US metro area
• Headquarters of four major pharmaceutical companies
• Over 125 bioscience companies
• Streamlined clinical trials process – the Biomedical Research Alliance of New York (BRANY) provides central Institutional Review Board (IRB) services for clinical trials, with one IRB serving 170 institutions. This allows trials to initiate within six weeks of application.

We also have the world’s largest concentration of scientific and clinical talent: 9 major academic research institutions 26 additional research institutions and medical centers 175 hospitals, research centers and laboratories 118 Nobel laureates who have studied, taught or worked in NYC 146 active members of the National Academy of Sciences 29,423 physicians

Since 2000, the NYC Metro Region has consistently ranked among the top four for venture capital dollars invested in bioscience and medical device companies, with $750 million raised by New York’s public companies in 2004.

NYC funding highlights include: Small Bones Innovations, Inc. raised $42.2 million, the largest venture capital funding in orthopedic history. ZIOPHARM Oncology, Inc. announced a private placing resulting in $37 million in 2006, and raised an additional $30.9 million in early 2007. Enzo Biochem recently raised $15 million in a registered direct offering. New York City Investment Fund (NYCIF) is a $110 million fund providing seed capital to the City’s development projects. NYCIF is a member of the NYC Bioscience Initiative.

New York City has the most developed medical infrastructure in the United States, with 72 hospitals including the Hospital for Special Surgery, Memorial Sloan-Kettering Cancer Center, and New York-Presbyterian Hospital.

Other research highlights include: 25 major academic research institutions and medical centers Home to 5 of the top 50 medical schools in research Home to over 50% of all oncology clinical trials Recently announced a $200 million Neuroscience Center at Columbia University New York City’s diverse population makes it an ideal place for clinical trials. Visit our Facts & Figures section for more information

The NYC Metro Region has the second largest concentration of Howard Hughes Medical Institute Investigators. Local institutions have produced more National Medal of Science recipients than any metro area in the country.

Other talent highlights include: New York has more bioscience employees than any other metropolitan area in the US, according to a study by Battelle. NYC institutions produce more graduate students in the life sciences than any other city The NY metropolitan area alone produces more bioscience and engineering graduates than most states with approximately 535 biomedical engineering graduates per year The largest scientific and healthcare workforce in the country accounts for more than 375,000 jobs including 29,423 physicians

NYC represents the largest bioscience cluster in US by patents issued. More bioscience patents were issued to individuals and institutions in the NYC metro area than in the San Francisco and Boston metro areas from 1990 to 1999.

Other commercial activity highlights include: NYC’s academic institutions produce an average of 30 start-up companies per year Major publicly-traded biopharma companies include Bristol Myers Squibb, ImClone Systems, Pfizer, Regeneron and Forest Laboratories