© 2019 The Sonder Group

If you can’t afford the Radford Survey, Biospace released a US Life Science Salary Report this summer. Here are the highlights.

Life Science professionals reported an overall average of 4.4% salary increase.  The average salary is ~$113,000 similar to salary averages for fields like chemical engineering ($114,470) and developers of system software ($114,000) according to the Bureau of Labor Statistics.

The gender gap continues to be a problem.  In “Pharma country” (NY, CT, RI, NY, NJ, PA), men’s salaries were reported to be 41.5% higher...

Massachusetts has long tried to pass legislation regarding non-compete laws with no real success.  Many in the venture community believe California’s fluidity in allowing employees to be unencumbered by non-compete law, help drive entrepreneurship and innovation.  In particular, an example offered is that Silicon Valley thrived while Rt 128 declined.  Duval Patrick tried to work on this in 2014 with no luck but Charlie Baker signed a new piece of legislation that goes into effect Oct 1. 

The good news is that it makes some changes...

On April 4, 2018 Dr. Abigail Barrow, Founding Director, Mass Technology Transfer Center and Conference Co-Chair and Jeremy Halper, Partner at Nutter McClennen & Fish orchestrated a great afternoon showcase of local NewCo companies.  Merck Research Labs generously hosted the event.  Like a mini JP Morgan, founders/CEOs were invited to make a ~20 min pitch of their company. This included the financial investment (ask) for the audience members comprised of angels, strategic investors and local venture capitalists.  There was also a poste...

2017 was a strong growth year for life science venture capital fund raising and public company performance.  New funds raised in 2017 include Flagship Pioneering ($618M) and Third Rock Ventures ($616M). In June, Atlas Ventures announced a new $350M fund for Biotech seed investment.  Many of the top public Life Science Tool and Diagnostic companies had a great year on Wall Street.  From the GenomeWeb index, winners included Exact Sciences (+293%), Foundation Medicine (+285%) and Myriad (+106%).  Historically solid instrument...

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