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Posted at 8:20 AM ET, 05/ 7/2010

MD: biotech sector bouncing back

By Washington Post editors

The future of Maryland's bioscience industry is bright, officials say, as Montgomery County gave the green light this week to the massive "Science City" project, while bioparks in Baltimore and elsewhere continue to fill with growing ventures, the Gazette reports.

"Biotech has rebounded from the recession faster than just about all other industries here," said Christian S. Johansson, secretary of the Department of Business and Economic Development, who was among those who attended the Biotechnology Industry Organization's annual International Convention in Chicago this week.

"It's a huge industry in Maryland that will only get larger," Johansson said. "About 8 percent of the biotech companies in the country are based in Maryland, while we only have about 2 percent of the nation's population."

By Washington Post editors  | May 7, 2010; 8:20 AM ET
 
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Comments

Bio Tech really is going to be huge in MD in the coming years. We are right next door to the federal government and all the federal money, while at the same time our competing neighbor virginia is burdened by right-wing anti-science wacko's in charge that are scaring off anyone with a college degree or higher.

Posted by: MarilynManson | May 7, 2010 10:42 AM | Report abuse

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