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Global
Massachusetts 2015
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Global Massachusetts
2015
> Life Sciences
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Massachusetts has a world-class life sciences
cluster, but global competition, inconsistent collaboration between
industry and academia and the lack of a talent strategy threaten
the Commonwealth’s leadership status, according to a groundbreaking
report released today by Mass Insight Corporation’s Global Mass
2015 initiative.
The Mass Insight report, "Life Sciences in Massachusetts:
Forging Connections to Lead in a Changing World," outlines a concrete strategy
to tap the state’s knowledge assets, enhance coordination, and develop
its talent pool so that Massachusetts can reach its potential and
become the world’s “New Medicine Capital.” Key among those recommendations
is the creation of a $200 million Translational Medicine Center
(TMC). The TMC would leverage the Commonwealth’s university knowledge
base to transform the way life sciences research is done and create
jobs in Massachusetts.
The TMC, which could be funded through $50 million
in state grants and matched with $150 million in private and federal
funds, would invest in collaborative research proposals that enhance
“bench-to-bed” delivery of new therapies and treatments. The National
Institutes of Health (NIH) has made translational medicine a priority
through its Clinical and Translational Science Awards program, which
will support approximately 60 large-scale research institutions
by 2012.
“The fundamentals of drug discovery and development
are being transformed by genomic information,” said Mass Insight
President William Guenther. “Massachusetts has the potential to
become home to the next generation of global life sciences companies,
but that will happen only through the right investment and expanded
collaboration. Since the NIH clearly is moving in the direction
of translational medicine, it is critical for the Commonwealth to
have a strategic and coordinated approach.”
This month, the Massachusetts House released
its own version of Governor Patrick’s historic $1 billion state
life sciences investment packages that would provide tax incentives
to biotechnology employers and invest in industry-university research
centers, including one built around the Nobel Prize-winning work
of Dr. Craig Z. Mello of the University of Massachusetts. The balance
of discretionary funds allocated for collaborative research projects
will be distributed by the Massachusetts Life Sciences Center, which
will receive guidance from the Life Sciences Collaborative. The
ongoing debate on the life sciences legislation provides opportunity
for Massachusetts to show it can be a leader in translational medicine.
The Global Mass Life Sciences Working Group,
a panel of Massachusetts life sciences academic and industry leaders,
has identified the TMC as the highest priority recommendation among
the Mass Insight proposals. The group is co-chaired by Dana Farber
CEO Ed Benz and Novartis COO Jeff Elton, and other members include
Mara Aspinall, President of Genzyme Genetics, and Mason Freeman,
Director of Translational Medicine at Massachusetts General Hospital
and Harvard Medical School.
“Massachusetts is uniquely positioned because
many of its top medical researchers are practicing clinicians with
direct access to patients,” said Elton. “No other region possesses
the same blend of top talent, university research capacity and industry
and venture capital investment, which is why Novartis has made such
a big commitment here. The TMC is the centerpiece of a state strategy
to generate more economic opportunity for the region and deliver
new life-altering treatments to the world.”
“A translational medicine strategy opens the
door for more transformative changes for Massachusetts,” said Benz.
“It would break down the walls between institutions and disciplines
and it is central to a global talent strategy that can recruit and
retain the top researchers from Massachusetts and the world. In
terms of state investment and focus, it offers the greatest long
term return for the Commonwealth.”
The report, which was produced with pro bono
assistance from McKinsey & Co., shows that Massachusetts – with
its unparalleled blend of university assets, talent and cross-disciplinary
potential – enjoys a strong presence of life sciences investment
and job creation. The Commonwealth sets the pace in a wide range
of endeavors, from biotechnology and next generation pharmaceuticals
to devices, diagnostics, tools and equipment. In addition, many
global life sciences companies, including Novartis, Bristol-Myers
Squibb and Pfizer, have established operations and created jobs
in Massachusetts in recent years.
But the report predicts that Massachusetts will
not reach its full job growth potential unless it implements a specific
strategy for the life sciences industry based around talent development,
innovation and enhanced collaboration between industry, academia,
teaching hospitals and government. In addition, Massachusetts faces
growing competition from other global clusters – which have lower
costs, better collaboration and a more active talent pipeline. The
report notes that China, while currently far behind Massachusetts
in the quality and quantity of research and commercial applications,
will generate 11,000 life sciences Ph.D.s in 2015 compared to 400
produced by Massachusetts annually.
The report identified recommendations to strengthen
Massachusetts as a life sciences research hub, develop talent and
encourage multi-stakeholder cooperation, including (in addition
to the TMC proposal):
- Create connections with global clusters
- Work to build connections with existing and emerging life science
clusters, such as those in New Jersey, the European Union, India
and China, under the themes of talent development, healthcare
policy and delivery, and local industry development. The Commonwealth
needs to build on the progress made by Governor Patrick during
his December 2007 China trade mission.
- Ensure the future pipeline of workers
- Close the mid-level talent gap with targeted investments in
community and state colleges and the UMass system, involving industry
in curriculum design and awareness-building. In addition, the
state must develop K-12 outreach programs to improve the long-term,
in-state talent pipeline. Mass Insight is supporting the work
of the UMASS/Donahue Institute on filling the state’s pipeline
of life sciences workers.
- Coordinate activities to speed clinical
trials – Massachusetts misses out on clinical trials
because of a lack of participants and a lack of communication
between hospitals and drug companies. Massachusetts should reform
its process for conducting clinical trials by boosting recruitment
efforts of clinical trial participants and streamlining the hospital
review and approval process for new trials.
- Create cross-sector collaboration
– Massachusetts has a diverse economy, with strengths and IT and
other disciplines that can be applied to the life sciences sector.
For example, the report recommends creating a digitized tissue
bank, which will enable researchers to better access tissue samples
from other institutions and also create business opportunities
for area IT firms.
Mass Insight Corporation and its partners have
convened Global Massachusetts
2015, a leadership initiative to create a sector-based
vision for economic success in key and emerging industry sectors
over the next decade. The Global Mass 2105 goal is to build consensus
on a global talent and economic development agenda that will make
Massachusetts a world leader in R&D, while bringing economic
opportunities and good jobs to the entire state.
Mass
Insight Press Release [PDF]
Press coverage:
Associated
Press - Report: State needs to transform itself into
"new medicine" hub [PDF]
Boston
Globe - Report: State faces hurdles in life sciences;
Competition, training called critical issues [PDF]
Boston
Herald - Group calls for $200M Hub center for new medicines
[PDF]
Boston
Business Journal - [PDF] Study: Bay State life sciences
industry faces global challenge
State
House News Service - [PDF] Educators and Industry Push
for Science Funding
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