The group’s financial impression report exhibits a 23.5% improve in jobs in the sphere from 2015 to 2019. Greater than 39,000 individuals are employed in life science jobs in the state, at a median annual wage of $106,122.
“I feel we’re in an exquisite place, a a lot stronger and extra cohesive group,” mentioned Leslie Alexandre in a current podcast with GeekWire.
The area was as soon as identified for forging biotechs whose operations would shut down after acquisition by bigger firms, mentioned Alexandre, who plans to retire after 5 years as CEO of Life Science Washington.
However extra just lately, bigger biotech firms similar to Seagen have stayed and constructed manufacturing capability in the area. And acquisitions have spawned recent firms as expertise strikes to new ventures, famous Alexandre. Umoja Biopharma, Sana Biotechnology and Form Therapeutics had been based or are led by veterans of Juno Therapeutics, which was acquired by Celgene in a $9 billion deal in 2018.
The digital well being and well being IT sector can be rising and, in accordance to the report, accounts for nearly 1 / 4 of the greater than 1,100 life science organizations in the state.
Alexandre has one warning: Because the life science business grows, regional leaders ought to give attention to coaching and attracting staff. “I feel that we’d like to make it possible for we’re holding our eye on the ball, that we’re making the investments we’d like to in workforce,” Alexandre advised GeekWire.
Listed below are extra highlights from the report, which pulled knowledge from the U.S. Bureau of Labor Statistics and different sources.