LIFE SCIENCES

Florida’s Strengths in Life SciencesOver the past decade, Florida has leapt ahead of the competition to establish itself as the new location for life sciences innovation and industry growth. Florida is now home to world renowned biomedical research institutes; more than 1,000 biotech, pharmaceutical, and medical device companies; and a foundation of more than 45,000 healthcare establishments.

Biotechnology Size: 250+ companies

Areas of Excellence: therapeutics — especially cancer and infectious disease, genomics, diagnostics, personalized medicine, regenerative medicine

Select Companies in Florida: AxoGen, OPKO Health, Sanofi Pasteur Vax Design Campus

Pharmaceuticals Size: 200+ companies

Areas of Excellence: generics, specialty pharmaceuticals, drug delivery/release technologies, neurological diseases, cancer, ophthalmology, cardiovascular disease

Select Companies in Florida: Actavis, Archer, Bausch & Lomb, Bristol Myers-Squibb, Merck, Nephron, Noven, Teva

Medical Devices Size: 580+ companies

Areas of Excellence: surgical technologies and supplies, biomaterials and implants, cardiac and vascular devices, diagnostics, imaging

Select Companies in Florida: Arthrex, Beckman Coulter, CAE Healthcare, Conmed Linvatec, Johnson & Johnson/Vistakon, MAKO Surgical, Medtronic

Healthcare Size: 45,000+ health care establishments, including 700+ hospitals

Areas of Excellence: translational medicine, clinical trials, care and research in cancer, endocrinology, neurology and neurosurgery, ophthalmology, orthopedics, pulmonology

Select Florida Hospitals: Cleveland Clinic, Florida Hospital, Johns Hopkins / All Children’s Hospital, Mayo Clinic, Moffitt Cancer Center, Mount Sinai, Nemours, Orlando Regional & M.D. Anderson Cancer Center, Shands, Tampa General, UM / Jackson Memorial

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Top 5 ReasonsHere’s why your company should be in Florida:

Connect with the BestFlorida is home to leading research universities, research hospitals, and institutes such as Scripps Florida, Sanford-Burnham, Max Planck, Hussman Institute for Human Genomics, Torrey Pines, VGTI Florida and Draper Laboratory.

Benefit your Bottom Line Florida offers a cost-competitive environment, favorable overall tax structure, no personal income tax, and a superior quality of life, allowing you to focus more of your dollars on R&D and new products.

Pick the Best of the Best Florida’s more than 1,000 biotech, pharma and medical device companies employ some 25,000 industry professionals. This rich talent base is enhanced by the state’s 672,000 health care professionals. You can find the right people with expertise you need in Florida.

Plug Into Rich Networks Florida is home to several growing life sciences hubs including Lake Nona Medical City, Tradition Center for Innovation, UM Life Science and Technology Park, Florida Hospital Health Village and UF Innovation Hub. All industry businesses can benefit from the state’s world-class health care system supporting clinical trials and translational medicine.

Access Capital Florida is regularly among the top 10 states for venture capital investment, and new capital formation and small business support programs are gaining steam. You can find support for your entrepreneurial spirit in Florida.

over$1B2nd 3rd

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$1.207B invested annually on life sciences R&D by Florida universities 1

among states for FDA registered medical device manufacturing facilities

Florida hospitals rank among America’s Best, according to U.S. News and World Report

medical schools, spanning from the southeast to the northwest

Florida Fast Facts

for pharmaceutical and medicine manufacturing businesses 2

1 National Science Foundation 2 Primary data source: U.S. Dept. of Labor, Bureau of Labor Statistics, QCEW

#1 in Innovation according to Fast Company

Florida is a competitively priced market for cutting-edge R&D and manufacturing:

FLORIDA CALIFORNIA GEORGIA MASSACHUSETTS MINNESOTA NEW JERSEY

NEW YORK

NORTH CAROLINA PENNSYLVANIA TEXAS

Personal Income Tax Rate (Highest Rate) None 12.30% 6.00% 5.20% 9.85% 8.97% 8.82% 5.80% 3.07% None

Corporate Income Tax or Gross Receipts Tax Rate 5.50% 8.84% 6.00% 8.00% 9.80% 9.00% 7.10% 6.00% 9.99% 1.00%

State Business Tax Climate Ranking 5 48 32 25 47 49 50 44 24 11

Private Sector Union Membership 2.30% 8.90% 3.80% 6.80% 8.40% 8.70% 15.10% 1.60% 7.80% 2.60 %

Biotechnology Average Annual Wage $80,940 $127,367 $76,304 $148,774 $81,786 $189,153 $163,208 $97,374 $155,407 $105,097

Pharmaceutical Manufacturing Average Annual Wage $63,074 $135,235 $90,792 $116,557 $73,662 $152,264 $74,616 $90,125 $115,185 $105,582

Medical Device Manufacturing Average Annual Wage $64,418 $91,798 $66,891 $99,649 $86,396 $98,561 $66,736 $55,327 $64,818 $63,750

Comparative Costs for Life Sciences Companies in Florida vs. Other States

Florida’s Life Sciences Cluster(select companies highlighted)

Florida International University

University of Miami

Scripps FloridaMax Planck Florida Institute

VGTI Florida

Mann Research CenterTorrey Pines Institute for Molecular Studies

Nemours Children’s ClinicMayo Clinic Jacksonville

Orlando Regional Healthcare System

University of Central FloridaSanford-Burnham Medical Research Institute

Tampa General Hospital

NeoGenomics Laboratories

University of South FloridaH. Lee Moffitt Cancer Center and Research Institute

University of FloridaUF Health Shands Hospital

Florida State University

Florida Agricultural & Mechanical University

Florida Institute for Human & Machine Cognition

Arthrex

TALLAHASSEEJACKSONVILLE

ORLANDO

TAMPA

MIAMI

Biomet 3iBiotest PharmaceuticalsCancer Treatment Centers of AmericaCSL PlasmaDyadicGE HealthcareJohnson & Johnson/Depuy

Biomet MicrofixationJohnson & Johnson / Vistakon KLS Martin Latin America & U.S.McKesson Medical-SurgicalMedtronicNovaBone

Acorn StairliftsApplied Genetics LaboratoriesCovidienDaVitaGeneLink BiosciencesMazor RoboticsNephron PharmaceuticalsPrime TherapeuticsSanofi Pasteur VaxDesign Campus

Animal GeneticsAvian Biotech

Southern Biologics

ActavisApotexBeckman CoulterBolton Medical ERBA Diagnositcs Johnson & Johnson / CordisMAKO Surgical/StrykerMedtronic Latin AmericaMerck Nipro DiagnosticsNovartis Latin AmericaNoven PharmaceuticalsOPKO HealthTevaWelch-Allyn Latin America

Bascom Palmer Eye InstituteCleveland Clinic FloridaMount Sinai Medical CenterUM/Jackson Memorial Medical Center

BaxterBristol Myers-Squibb

CAE Healthcare Cambryn Biologics

CatalentConmed Linvatec

CovidienHoveround

Johns Hopkins / All Children’s HospitalLincare

McKesson Smith & Nephew

Steripack

Bausch & Lomb PharmaceuticalsDraper Laboratory

Mylan PharmaOscor

AxoGenExactech

Invivo DiagnosticsNanotherapeutics

RTI Biologics

Florida Atlantic University

GPD Pathology

Pall Corporation

Florida Hospital

MAP KEY

Biotech Companies

Pharmaceutical Companies

Medical Device Companies

Hospitals selected hospitals named

Leading Life Sciences Research Centers & Universities

Interstate Highways

State Capital

Florida’s Largest Cities (by population)

ST. PETERSBURG

Circles represent approximate flight times from Florida in one-hour increments.

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2014

Why Florida is the perfect climate for business:

enterpriseflorida.com/lifesciences

“As Bristol-Myers Squibb continues its success as a BioPharma leader, we are excited to celebrate the opening of our newest, state-of-the-art center here in Tampa. With the help of our new colleagues in Tampa, we look forward to further building our capabilities and expertise to support our company’s mission to deliver innovative medicines to patients with serious disease in an increasingly complex and competitive industry.”Paul von Autenried, Senior Vice President, Enterprise Services, and Chief Information OfficerBristol-Myers Squibb

“We’re proud to have developed and be manufacturing this cutting edge medical device in South Florida. We believe that U.S. physicians will benefit tremendously from access to the latest medical technology.” Oscar Rospigliosi, CEO and General ManagerBolton Medical

“Jacksonville is home to Johnson & Johnson Vision Care where we’ve manufactured the world’s leading brand of contact lenses, ACUVUE®, for 26 years. Our recent expansion will allow us to do even greater things for our community and the business. Florida has provided us with access to great talent, infrastructure and a pro-business climate that has helped us grow.”Tim Ryan, Plant ManagerVISTAKON® Division of Johnson & Johnson Vision Care, Inc.

“The Nano ADM facility is evidence of Nanotherapeutics’ extensive experience and track record with all aspects of MCM product development, and this would not be possible without the support system of Alachua.”James Dalton, President & CEONanotherapeutics

Ready?

Sherry AmbroseDirector, Business Development +1 (407) 956-5659sambrose@enterpriseflorida.com

Mike Schiffhauer VP, International Trade Development & Field Operations+1 (407) 956-5634mschiffhauer@enterpriseflorida.com

Enterprise Florida stands ready to assist in every aspect of your next location project. Please don’t hesitate to contact us:

Enterprise Florida, the lead economic development organization for the state of Florida, assists companies confidentially with their expansion and location plans.

Enterprise Florida (Main Office)800 North Magnolia Avenue, Suite 1100Orlando, Florida 32803(407) 956-5600enterpriseflorida.com

Enterprise Florida101 North Monroe Street, Suite 1000Tallahassee, Florida 32301(850) 298-6620

Enterprise Florida (International Trade Office)201 Alhambra Circle, Suite 610Coral Gables, Florida 33134(305) 808-3660