Raleigh, North Carolina has emerged as a fast-growing hub for the life sciences industry:
Part of the Research Triangle region along with Durham and Chapel Hill, home to Duke University, UNC Chapel Hill, and NC State - major research universities.
Numerous biotech companies spawned from university research located in the Triangle, as well as offices for large pharmas like Biogen, Bayer, Merck.
Raleigh specifically has over 250 life sciences companies with more in nearby Research Triangle Park. Key presence in biopharmaceuticals.
Home to contract research organizations like IQVIA providing clinical/research services.
Strong talent pipeline from the universities and presence of companies creates opportunities.
North Carolina offers tax incentives, grants, and initiatives aimed at biotech growth. The Biotech Center accelerates industry development.
Lower costs of living and real estate compared to legacy hubs like Boston/San Francisco.
Still growing and emerging compared to established biotech hubs but has very positive momentum.
Raleigh has become a magnet for biotech in North Carolina, demonstrating fast growth that aligns with the broader Research Triangle's strengths in life sciences research and commercialization.