The pharmaceutical companies in Massachusetts are widely regarded as pillars of the Commonwealth’s knowledge economy.
The Bay State is undeniably a world leader in biological and pharmaceutical research and development.
Massachusetts, along with California and Florida, is home to leading life sciences companies and institutions, making it the world’s leading center for pharmaceutical research and development. Massachusetts’ competitor states have made significant strides in increasing their share of biopharmaceutical investment, employment, and support for basic research over the last ten years.
A close examination of the state’s performance, however, reveals that, despite lagging job growth in comparison to its peers, Massachusetts continues to outperform other states in attracting highly-paid, high-value-added employment in the cluster’s leading companies.
According to the UMass Donahue Institute, bio-pharmaceutical employment in Massachusetts increased by 44 percent between 1998 and 2004, but the state fell from fifth to seventh in total biopharma employment.
Massachusetts has the highest average wage in the biopharmaceutical industry, with a wage of $98,595 in 2004.
By far, the highest levels of venture capital and National Institutes of Health (NIH) investment are found in Massachusetts and California. Massachusetts has the highest level of venture capital and NIH funding per bio-pharma worker in the country.
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Massachusetts’ pharma Sector Challenges
The pharmaceutical industries are major employers in Massachusetts, serving as a pillar of the state’s high-value-added, knowledge-based economy. T
op pharma firms employ more than one-third of all biopharmaceutical workers in Massachusetts.
Massachusetts’s Comparative Strengths
- Access to skilled workers in Massachusetts
- Proximity to world-class research partners.
Flaws
- Business regulations and permitting
- The state government’s effectiveness in meeting business needs.
The Fundamental Policy Challenges for Pharma in Massachusetts
- Increase the pipeline of science, technology, engineering, and math (STEM) workers
- Increase the availability of affordable workforce housing;
- Reduce the cost of doing business;
- Simplify the real estate permitting process
- Respond to business needs and concerns promptly
- Support land assembly and infrastructure for bio-pharma manufacturing in Massachusetts.
- Advocate for increased federal funding for biomedical research
- Represent the industry in Washington, D.C.
- Oppose federal efforts to impose price controls or allow drug re-importation programs.
Pharmaceutical manufacturing, life sciences research and development (R&D), and medical laboratory services are all part of the pharmaceutical industry sector.
Massachusetts is compared to its competitor states in the following: total bio-pharmaceutical employment, the total dollar value of venture capital invested in biotechnology companies, and the total dollar value of National Institutes of Health (NIH) awards. Massachusetts is ranked based on absolute performance (total employment or dollars) as well as measures that demonstrate the high value-added nature of the state’s pharmaceuticals sector.
Pharmaceutical Companies in Massachusetts
Here are some of the pharmaceutical companies operating in Massachusetts:
Agenus Inc.
Address: 3 Forbes Rd Lexington, MA, 02421-7305 United States
Phone: (781) 674-4400
Website: Click here
Sales: $295.66 million
Sales Growth: -41.24%
Year Started: 1994
Incorporated: 1999
Akebia Therapeutics, Inc.
Address: 245 1ST St Ste 1400 Cambridge, MA, 02142-1292 United States
Phone: (617) 871-2098
Website: Click here
Sales: $213.58 million
Sales Growth: -11.85%
Assets: $644 Fiscal Year End: DEC
Year Started: 2007
Incorporated: 2007
Alere Inc.
Address: 51 Sawyer Rd Ste 200 Waltham, MA, 02453-3448 United States
Phone: (781) 647-3900
Website: Click here
Sales: $1.50 billion
Year Started: 1981
Incorporated: 2001
Alkermes, Inc.
Address: 852 Winter St Waltham, MA, 02451-1439 United States
Phone: (781) 609-6000
Website: Click here
Sales: $418.11 million
Year Started: 1987
Alnylam Pharmaceuticals, Inc.
Address: 675 W Kendall St Cambridge, MA, 02142-1168 United States
Phone: (617) 551-8200
Website: Click here
Sales: $844.29 million
Sales Growth: 124.28%
Year Started: 2002
Incorporated: 2003
Ariad Pharmaceuticals, Inc.
Address: 40 Landsdowne St Cambridge, MA, 02139-4234 United States
Phone: (617) 494-0400
Website: Click here
Sales: $164.31 million
Year Started: 2016
Incorporated: 1991
Atea Pharmaceuticals, Inc.
Address: 125 Summer St Ste 1675 Boston, MA, 02110-1682 United States
Phone: (857) 284-8891
Website: Click here
Sales: $351.37 million
Year Started: 2012
Incorporated: 2012
Beigene Usa, Inc.
Address: 55 Cambridge Pkwy Ste 700W Cambridge, MA, 02142-1234 United States
Phone: (781) 801-1887
Website: Click here
Sales: $389.03 million
Year Started: 2017
Incorporated: 2015
Biogen Inc.
Address: 225 Binney St Cambridge, MA, 02142-1031 United States
Phone: (617) 679-2000
Website: Click here
Sales: $10.98 billion
Sales Growth: -6.49%
Year Started: 1978
Incorporated: 1997
Bioverativ Inc.
Address: 225 2ND Ave Waltham, MA, 02451-1122 United States
Phone: (781) 663-4400
Sales: $353.94 million
Year Started: 2016
Incorporated: 2017
Bluebird Bio, Inc.
Address: 60 Binney St Cambridge, MA, 02142-1512 United States
Phone: (339) 499-9300
Website: Click here
Sales: $250.73 million
Sales Growth: 461.25%
Year Started: 1992
Incorporated: 2012
Blueprint Medicines Corporation
Address: 45 Sidney St Cambridge, MA, 02139-4133 United States
Phone: (617) 374-7580
Website: Click here
Sales: $180.08 million
Sales Growth: 1,093.37%
Year Started: 2008
Incorporated: 2008
Brammer Bio Holding Company, LLC
Address: 250 Binney St Cambridge, MA, 02142-1026 United States
Phone: (386) 418-8199
Sales: $140.00 million
Year Started: 2016
Collegium Pharmaceutical, Inc.
Address: 100 Technology Center Dr. Ste 300 Stoughton, MA, 02072-4747 United States
Phone: (781) 713-3699
Website: Click here
Sales: $276.87 million
Sales Growth: 4.49%
Year Started: 2002
Incorporated: 2014
Dicerna Pharmaceuticals, Inc.
Address: 75 Hayden Ave Lexington, MA, 02421 United States
Phone: (617) 621-8097
Website: Click here
Sales: $164.31 million
Sales Growth: 587.36%
Year Started: 2006
Incorporated: 2006
EMD Serono, Inc.
Address: 1 Technology Pl Rockland, MA, 02370-1071 United States
Phone: (781) 982-9000
Website: Click here
Sales: $214.21 million
Year Started: 1971
Incorporated: 1990
Fresenius Usa, Inc.
Address: 920 Winter St Waltham, MA, 02451-1521 United States
Phone: (781) 699-4191
Website: Click here
Sales: $653.80 million
Year Started: 1974
Incorporated: 1974
GE Healthcare Inc.
Address: 251 Locke Dr. Marlborough, MA, 01752-7220 United States
Phone: (732) 457-8667
Website: Click here
Sales: $2.10 billion
Year Started: 1968
Incorporated: 1994
Instrumentation Laboratory Company
Address: 180 Hartwell Rd Bedford, MA, 01730-2443 United States
Phone: (781) 861-0710
Website: Click here
Sales: $482.21 million
Year Started: 1959
Incorporated: 1991
Ironwood Pharmaceuticals, Inc.
Address: 100 Summer St Ste 2300 Boston, MA, 02110-2156 United States
Phone: (617) 621-7722
Website: Click here
Sales: $413.75 million
Sales Growth: -9.08%
Year Started: 1998
Incorporated: 1998
Johnson Matthey Pharmaceutical Materials Inc
Address: 25 Patton Rd Devens, MA, 01434-3803 United States
Phone: (978) 784-5000
Website: Click here
Sales: $118.93 million
Year Started: 1972
Incorporated: 1973
Karyopharm Therapeutics Inc.
Address: 85 Wells Ave Ste 300 02459-3215, Newton, MA United States
Phone: (617) 658-0600
Website: Click here
Sales: $108.08 million
Sales Growth: 164.31%
Year Started: 2009
Incorporated: 2008
Kaz, Inc.
Address: 400 Donald Lynch Blvd Ste 300 Marlborough, MA, 01752-4733 United States
Phone: (508) 490-7000
Website: Click here
Sales: $121.94 million
Year Started: 1936
Incorporated: 1956
Lantheus Holdings, Inc.
Address: 331 Treble Cove Rd North Billerica, MA, 01862-2849 United States
Phone: (978) 671-8001
Website: Click here
Sales: $425.21 million
Sales Growth: -2.28%
Year Started: 1956
Incorporated: 2007
Millennium Pharmaceuticals, Inc.
Address: 40 Landsdowne St Cambridge, MA, 02139-4234 United States
Phone: (617) 679-7000
Sales: $622.99 million
Year Started: 1993
Incorporated: 1993
Moderna, Inc.
Address: 200 Technology Sq Cambridge, MA, 02139-3578 United States
Phone: (617) 714-6500
Website: Click here
Sales: $18.47 billion
Sales Growth: 1,234.34%
Year Started: 2009
Incorporated: 2016
Nitto Denko Avecia, Inc.
Address: 125 Fortune Blvd Milford, MA, 01757-1746 United States
Phone: (508) 532-2500
Website: Click here
Sales: $145.70 million
Year Started: 1996
Nova Biomedical Corporation
Address: 200 Prospect St Waltham, MA, 02453-3465 United States
Phone: (781) 894-0800
Website: Click here
Sales: $307.60 million
Year Started: 1976
Organogenesis Holdings Inc.
Address: 85 Dan Rd Canton, MA, 02021-2810 United States
Phone: (781) 575-0775
Website: Click here
Sales: $468.06 million
Year Started: 2018
Radius Health, Inc.
Address: 22 Boston Wharf Rd FL 7 Boston, MA, 02210-3032 United States
Phone: (617) 551-4000
Website: Click here
Sales: $229.97 million
Sales Growth: 37.69%
Year Started: 2003
Incorporated: 2008
Repligen Corporation
Address: 41 Seyon St Ste 100 Waltham, MA, 02453-8358 United States
Phone: (781) 250-0111
Website: Click here
Sales: $670.53 million
Sales Growth: 35.53%
Year Started: 1981
Incorporated: 1981
Sanofi Genzyme (formerly Genzyme)
Address: 50 Binney St Cambridge, MA, 02142-1512 United States
Phone: (617) 252-7500
Website: Click here
Sales: $1.51 billion
Year Started: 1991
Incorporated: 1991
Sarepta Therapeutics, Inc.
Address: 215 1ST St Ste 415 Cambridge, MA, 02142-1213 United States
Phone: (617) 274-4000
Website: Click here
Sales: $540.10 million
Sales Growth: 41.82%
Year Started: 1980
Incorporated: 2013
Sunovion Pharmaceuticals Inc.
Address: 84 Waterford Dr. Marlborough, MA, 01752-7010 United States
Phone: (508) 481-6700
Website: Click here
Sales: $647.13 million
Year Started: 1984
Incorporated: 2003
Sumitomo Dainippon Pharma America, Inc.
Address: 84 Waterford Dr. Marlborough, MA, 01752-7010 United States
Phone: (508) 481-6700
Website: Click here
Sales: $647.13 million
Year Started: 2009
Incorporated: 2006
Takeda Pharmaceuticals U.S.A., Inc.
Address: 95 Hayden Ave Lexington, MA, 02421-7942 United States
Phone: (617) 349-0200
Website: Click here
Sales: $1.44 billion
Year Started: 1998
Incorporated: 1998
Vericel Corporation
Address: 64 Sidney St Cambridge, MA, 02139-4170 United States
Phone: (617) 588-5555
Website: Click here
Sales: $156.18 million
Sales Growth: 5.37%
Year Started: 1989
Incorporated: 1989
Vertex Pharmaceuticals Incorporated
Address: 50 Northern Ave Boston, MA, 02210-1862 United States
Phone: (617) 341-6100
Website: Click here
Sales: $7.57 billion
Sales Growth: 49.07%
Year Started: 1989
Incorporated: 1989
Voyager Therapeutics, Inc.
Address: 75 Sidney St FL 4 Cambridge, MA, 02139-4134 United States
Phone: (857) 259-5340
Website: Click here
Sales: $171.13 million
Sales Growth: 63.93%
Year Started: 2013
Incorporated: 2013
West Street Intermediate Holdings Corp.
Address: 195 West St Waltham, MA, 02451-1111 United States
Phone: (781) 434-5051
Sales: $2.44 billion
Year Started: 2017
FAQs about the pharmaceutical companies in Massachusetts
What pharmaceutical corporations have their headquarters in Boston, Massachusetts?
- Merck & Co.
- Acceleron Pharmaceuticals
- Akebia Therapeutics
- Aderis Pharmaceuticals
- Agios Pharmaceuticals
- Alkermes
- Alnylam Pharmaceuticals
- Amgen among others
How many pharmaceutical firms are there in Massachusetts?
The pharmaceutical industry in the area began about 40 years ago, and there are now more than 430 pharmaceutical companies in Massachusetts.
Many of them are concentrated in Boston and Cambridge, the state’s pharmaceutical epicenters.
Is Boston a pharmaceutical hotspot?
With over 1,000 pharmaceutical companies in the Greater Boston area, the Massachusetts capital has emerged as the world’s leading biopharmaceutical hub, generating some of the most innovative developments in treatment and diagnostic manufacturing.
How many pharmaceutical firms are there in Cambridge, Massachusetts?
According to one count, there are well over 250 pharmaceutical companies in Cambridge, with a sizable portion located in and around Kendall Square.
Conclusion
The pharmaceutical industries are major employers in Massachusetts, serving as a pillar of the state’s high-value-added, knowledge-based economy.
According to the data, Massachusetts is an international leader in biopharmaceuticals and a strong center for research and development in the industry.
Massachusetts lags behind competitor states in overall employment growth but outperforms all other states on average wages and investment per employee. The health of the industry in terms of policymaking is depending on how one defines success.
At the moment, Massachusetts is a less competitive location for lower-skilled tasks, as evidenced by lower overall employment levels when compared to competitor states.
However, Massachusetts is a dominant location for pharmaceutical product and process research and development.
There are only two places in the world that compete seriously in drug discovery and development: California and Massachusetts.
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Chibueze Uchegbu is a certified medical physiologist with a great passion for healthy living.