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Biotech: Still clustered after all these years
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Biotech: Still clustered after all these years
Three leading centers—San Francisco, Boston and San Diego—still account for almost two-thirds of all biotech venture capital after a quarter century. In innovative, knowledge-based industries, there are huge competitive advantages to being located in a cluster of firms, workers, financiers and researchers. The evidence shows that leadership in biotechnology has been locked in to a handful of leading locations, and their dominance persists, de…
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