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JLL report ranks California top U.S. state for patent approvals, followed by Minnesota
CHICAGO, April 18, 2013 — Innovation is more necessary than ever in the United States’ post-patent-cliff market, as chronicled in the annual Jones Lang LaSalle Life Sciences Cluster Report. One way to measure locations that have the right mix of talent, funding and critical mass is to track patent activity—and though Boston is consistently ranked as the top life sciences geographic cluster overall, Massachusetts is outpaced by both California and Minnesota in the registration of life science patent approvals, according to data from the U.S. Patent & Trademark Office.
“Not coincidentally, all of the top 10 states for life science patent approvals are home to top life sciences market clusters—areas where intellectual capital, funds and facilities for this industry are thriving,” said Richard McBlaine, International Director on the Life Sciences team at Jones Lang LaSalle. “Top patent-producing states include a particularly strong base of R&D facilities and productivity, in addition to the other factors that drive the industry as a whole.”
According to data from the U.S. Patent & Trademark Office, the following are the top 10 states for life science patent approvals:
*Note: data has been updated to reflect 2011 information on pharmaceutical and medical device patents. The U.S. life sciences sector is expected to spend $82.7 billion in research and development in 2013, a 1.4 percent increase from the $81.5 billion invested in 2012, according to the annual 2013 Global R&D Funding Forecast produced by Battelle and R&D Magazine.
“Many biopharmaceutical companies are restructuring their R&D operations with an eye toward narrowing their focus, reducing costs and improving productivity of R&D activities,” said McBlaine. “U.S. life sciences companies pay a premium for access to talent, facilities and funding sources for research in the U.S., while looking abroad for conducting clinical trials and other operations.”
Publicly funded incentives, newly constructed incubators and R&D parks are also influencing life sciences R&D investments to some degree. Connecticut is ranked #8 for number of life science patent approvals, while Westchester/New Haven is, at #11, close to breaking into the top tier of U.S. clusters in part because of its targeted incentive packages.
The complete findings of Jones Lang LaSalle’s 2012 Life Sciences Cluster Report are available in a dedicated microsite available here: http://www.joneslanglasalle.com/Pages/Life-Sciences-Cluster-Report.aspxA PDF of the report can be downloaded here: http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/ResearchDetails.aspx?ItemID=10401Jones Lang LaSalle has a team of real estate and facility management experts dedicated to helping life sciences companies optimize and manage their real estate portfolios. The firm provides a comprehensive range of facilities management services to the life sciences community covering 70 million square feet of research, manufacturing and commercial space. Jones Lang LaSalle’s industry-leading full-service platform includes: integrated facilities management, engineering and operations, energy and sustainability, transaction advisory services, lease administration, project management and a new platform for integrating laboratory services, Labwell.
A leader in the real estate outsourcing field, JLL’s Corporate Solutions business helps corporations improve productivity in the cost, efficiency and performance of their national, regional or global real estate portfolios by creating outsourcing partnerships to manage and execute a range of corporate real estate services. This service delivery capability helps corporations improve business performance, particularly as companies turn to the outsourcing of their real estate activity as a way to manage expenses and enhance profitability.
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About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.