Life Sciences 2020: The Future is Here

MARKET SUMMARY

• Baltimore is a very balanced market when it comes to its life sciences companies. Biotech, Big Pharma and start-ups all have a strong presence in the market. • The talent pool, as well as research funding, is generated by programs at the University of Maryland and Johns Hopkins. These programs are driving the majority of the success in the life sciences market for Baltimore. They create a pipeline of funding and talent to supply to companies while providing a cheaper alternative to markets like Washington D.C., Philadelphia and New York. • Near-term, the life sciences sector in Baltimore should continue to tighten. Baltimore as a whole is generally slow to build. This dearth of development will result in a tighter life sciences sector as limited new inventory is coming to the market in the near future.

FAST LAB STATS

6.5 MSF MARKET SQUARE FOOTAGE AVERAGE RENT (PER SF) $25.49 ~14.9K TOTAL EMPLOYEES 8% VACANCY

BALTIMORE • Programs at Johns Hopkins and the University of Maryland will continue to drive growth in Baltimore’s CBD. These two programs have industry leading incubators that typically grow within the CBD and surrounding submarkets.

TOP LIFE SCIENCES COMPANIES

LIFE SCIENCES TALENT POOL: 9,200

9,500

COMPANY

TYPE

Meridian Medical Technologies

Med Device

9,000

Osiris Therapeutics

Biotech

8,500

Martex Biosciences, Corp

Biotech

8,000

Lupin Pharmaceuticals

Big Pharma

Average Annual Growth Rate: 2001-2018: 1.5%

Acell, Inc.

BioTech

Number of Persons 7,000 7,500

Emergent Biosolutions

Big Pharma

Nutramax Laboratories, Inc

Vitamin

2001

2003

2005

2007

2009

2011

2013

2015

2017

2019

Personal Genome Diagnostics

Big Pharma

Source: EMSI

TOP NIH-FUNDED INSTITUTIONS, 2014-2018

JOHNS HOPKINS UNIVERSITY $3.1B

UNIVERSITY OF MARYLAND, BALTIMORE $770M

HUGO W MOSER INSTITUTE AT KENNEDY KRIEGER $77M

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