The Philadelphia region is a top-tier hub for life sciences, in part because of a large biotech presence, prestigious universities, and more than $1 billion in NIH funding for research. All that has led to a dynamic entrepreneurial culture: Venture capital for life-science startups almost quintupled last year.
More than 80 percent of pharma companies call the region home. Still, bioscience is a competitive industry. What are the challenges organizations based there face -- and what are the factors that have helped them succeed?