H1 2024 Life Sciences Update Market Summaries

Austin

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Market Summary

Public & Private Funding (2024 1H)

Fast Lab Stats

• Austin, with its strong focus on technology and innovation, has naturally fostered a partnership with the growing life sciences sector. The city’s creative and entrepreneurial environment is a magnet for collaboration between tech companies, research institutions, talent and funding sources. • Austin’s life sciences industry has evolved into a well-rounded segment, with over 300 companies in the region and a workforce of nearly 20,000. There is a primary focus on the highest growth segments and research areas, which include biologics, medical devices, diagnostics, pharmaceuticals and contract research. • With more than 20 area colleges, universities and institutions providing life sciences and healthcare-related programs, Austin boasts one of the most educated populations in the United States. The University of Texas at Austin, a Tier 1 research university, is the most notable—the College of Pharmacy ranks as one of the best in the country. • The Austin Innovation District, anchored by UT Austin, Dell Medical School and the Dell Seton Medical Center, will be an epicenter for life sciences research and development for both existing and startup biotech companies.

Company

Deal Type

Completed May 2024

VC Round 3rd Round

$ Raised (MM)

4.8 MSF Total Inventory 100,000 SF Under Construction 200,000 SF Proposed 20K Total Life Sciences Employment 48.4% Life Sciences Employment 10-Year Growth Rate

Gameto

Early Stage VC

$43.0

IntraBio

Later Stage VC

Mar 2024

4th Round

$40.3

Humanaut Health

Seed Round

May 2024

1st Round

$8.7

Aether Therapeutics

Seed Round

Jan 2024

1st Round

$4.1

NeuroX1

Accelerator/Incubator

Mar 2024

$0.1

AustinPx

Later Stage VC

Mar 2024

9th Round

NeuroX1

Later Stage VC

Jun 2024

3rd Round

Representative Lease Transactions (2024 1H)

Address

Size (SF) New/Renewal

Type

Quarter

Landlord

Company

Fast Lab Stats

7551 Metro Center Drive

200,000 Renewal

Research

Q2

Graymark Capital

Confidential

Representative Life Sciences Companies

Life Sciences Labor: Average Monthly Job Postings

Company

Type

100 150 200 250 300 350 400 450

ICU Medical

Research Facility

Pharmaceutical Product Development

Research Facility

Clinical Pathology Laboratories

HQ HQ HQ

Luminex Corp

Hanger

Agilent Technologies

Research Facility Research Facility Research Facility Research Facility

- 50

Smith & Nephew

Allergan

2020 2021

2022 2023 2024

Natera

Hires Unique Postings

WuXi

HQ

$5436M University of Texas at Austin $27M Dell Federal Systems L.P. $9M Bridgesource Medical Corporation Top NIH-Funded Institutions (2020-2024 1H)

Bio Degree-Awarding Institutions, Metro Area • University of Texas at Austin • Austin Community College • Texas A&M Health Science Center

Annual Life Sciences Degree Completions 2013 1,632 2023 3,156 Up 93%

Jeff Graves jeff.graves@cushwake.com Research Contributors

Sources: Cushman & Wakefield Research, CoStar, National Institutes of Health (NIH), Lightcast, Pitchbook

CUSHMAN & WAKEFIELD

LIFE SCIENCES UPDATE | 2024 FEBRUARY