BioCentury
ARTICLE | Strategy

New York's biotech beginnings

May 29, 2014 7:00 AM UTC

New York has long produced top science but has struggled to retain and develop its own innovations. The city says it hopes a flurry of public-private partnerships, real estate developments and high-profile academic appointments will help establish it as a biotech hub. But VCs say New York will have to produce or attract experienced management in order to persuade them to seed local companies.

Unlike the translational hubs in the San Francisco Bay Area and Boston that sprouted spontaneously, the interest in New York is the result of city policies to grow the biotech industry in the region...