KEY & EMERGING INDUSTRIES

LIFE SCIENCES
& HEALTHCARE

KEY & EMERGING INDUSTRIES

LIFE SCIENCES
& HEALTHCARE

563

The Medicines for All Institute in the VA Bio+Tech Park

From cutting-edge biotech companies to modern healthcare facilities, the Richmond life sciences community is caring for lives today and creating the lifesaving treatments for tomorrow.

Why Richmond

ANCHOR RESEARCH INSTITUTIONS

Ranked a top 50 public research university by the National Science Foundation, Virginia Commonwealth University (VCU) is driving innovation in Richmond's biotech cluster. Its Institute for Engineering and Medicine is advancing cross-disciplinary discoveries in life sciences, engineering, and medicine, and its Medicines for All Institute is improving access to high-quality medications across the globe by driving down production costs.

ESTABLISHED AND GROWING URBAN BIOTECH HUB

The VA Bio+Tech Park is an expansive urban life science community commanding 34 acres in the heart of Downtown Richmond. Nearly 70 companies, research institutions, and state and federal laboratories call it home, including VA Bio+Tech Center – a life sciences incubator with wet labs and a shared space for emerging companies.

ALLIANCE FOR BUILDING BETTER MEDICINE

The Alliance for Building Better Medicine is a cluster of advanced pharmaceutical manufacturers, researchers, and government and nonprofit partners in the Richmond-Petersburg region that is working to fix the Country's disconnected supply chain for its most vital medicines. In September 2022, the Alliance announced over $111 million had been invested by federal, state, local, and private supporters to accelerate efforts, $52.9 million of those funds was from the U.S. EDA's national Build Back Better Regional Challenge.

SKILLED TALENT PIPELINE

Our region is home to more than 5,800 existing life science workers. Richmond’s higher education institutions supply local life sciences companies with a steady stream of skilled graduates trained in a range of disciplines – including the nation’s first Ph.D. program in pharmaceutical engineering.

UNBEATABLE LOCATION

When life science companies choose Richmond, they also choose a central location in the booming mid-Atlantic life science cluster, access to a strong network of interstates, and a host of strategic options to reach customers, including an international airport, passenger and cargo rail, and port access.

Key Employers

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USP
PHLOW
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UNOS
VDACS
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600

LIFE SCIENCES ESTABLISHMENTS IN THE REGION

 

2022

Source:
Greater Richmond Partnership

Top 50

PUBLIC RESEARCH UNIVERSITY IN THE U.S., VCU

2022

Source:
National Science Foundation

#3

TOP STATE FOR FEDERAL SMALL BUSINESS R&D FUNDING

 

2021

Source:
National Science Foundation

SUCCESS STORIES

LIFE SCIENCES & HEALTHCARE

Phlow is a Richmond-based, public benefit corporation committed to ending essential medicine shortages in the U.S. It works to establish a resilient end-to-end pharmaceutical manufacturing solution, so no patient goes to a hospital only to discover that the medicine needed is not available

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LIFE SCIENCES & HEALTHCARE

Grenova is a Richmond-based sustainable biotech firm that designs, develops, and manufactures devices that wash and sterilize contaminated pipette tips for reuse.

Interested in growing your life sciences company in Richmond, Virginia? Reach out to Richmond Economic Development.

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Statia Gibson

BUSINESS INVESTMENT & JOB CREATION

804.646.6737
Statia.Gibson@rva.gov

Jackie Circle@2x

Jacquelyn Craft

BUSINESS RETENTION & EXPANSION