A recent report explains how—and why it matters.
In the news: A National Science Foundation and InnovATEBIO National Biotechnology Education Center event in D.C. yesterday brought together education leaders, industry, state teams, and government experts to discuss the biotech workforce.
What is InnovATEBIO? In partnership with community colleges and institutions in 39 states, InnovATEBIO is growing the technically skilled biotech workforce through dozens of biotech-related degree and certificate programs.
Why it matters to a state: “Attracting and retaining a continuing flow of educated (Ph.D., MS, BS, AA) and technically-proficient workers is essential to a state aspiring to enhance a biosciences industry presence,” said BIO’s recent state best practices report, developed in partnership with the Council of State Bioscience Associations (CSBA).
Why it matters to a state’s residents: Since 2018, biotech employers grew payrolls by 11% while the private sector experienced a net job decline of 1.5%—and biotech wages are 85% higher than overall private sector wages, says the report.
What one state is doing: The Boston Life Sciences Workforce Initiative, launched by Mayor Michelle Wu at the BIO International Convention, aims to employ 1,000 Boston residents in the life sciences with funding for internships, hiring commitments, and training, including opportunities for residents without four-year degrees.
Read: The U.S. Biosciences Industry in the States: Best Practices in Innovation, Partnerships, and Job Creation
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STAT News: Two type 1 diabetes patients now freed from insulin shots with cell therapy, Vertex reports
“Vertex Pharmaceuticals said Friday that, over a year after receiving the company’s stem-cell therapy, two type 1 diabetes patients no longer need to take insulin injections and saw stark reductions in a biological marker of disease.”