Market Highlights

• Philadelphia is home to over 1,200 life sciences companies including major industry players such as AstraZeneca, Bristol Myers Squibb, Johnson & Johnson and host to over 15 major medical health systems.
• Since last year, life sciences companies in Philadelphia have cut over 500 jobs which includes Larva Therapeutics laying off 36% of its workforce.
• Despite ongoing economic uncertainty, Philadelphia developers continue to construct new lab space with start-ups still raising funding.

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