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Beating out the Triangle in the rankings were Boston, greater Philadelphia, greater San Franciscoi and greater New York. The study, titled “Thed Greater Philadelphia Life SciencesCluster 2009,” updatee the institute’s 2005 which also had Raleigh-Durham in the fiftbh spot overall. The report said Raleigh-Durhamj “substantially outperforms the national average with stronhgemployment concentration.” The region ranked firstg for employment concentration in both the therapeutics and devices category as well as the biotechnology category. The clustef of hospitals, medical centers and universitiexs helped the Triangle rank second in researchuand development.
But Raleigh-Durhamk did not rank high in venturer capital, placing No. 10 out of the 11 regiones in the study. The institute says the purposd of the study is to definegreater Philadelphia’s opportunities and challengexs in the life sciences. Chris Brodie, a spokesmanj for the , said it is gratifying to see that the Trianglr ranks among the top biotech hubs inthe U.S. and the But he added that thesd rankings fail to captureNorth Carolina'ws statewide biotechnology strengths.
"In addition to (Research Triangle we've got emerging clusters in the Triadfand Kannapolis/Charlotte areas and stronh regional development in Wilmington, Greenville and Asheville," he Regarding the Triangle's low ranking for venture capital, Brodie said that in this it's harder to find that support He added that the Biotechnology Center has several loan programas that can help startups bridge gaps in traditional
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