Bio North Texas represents the collective interests of member companies to bring awareness to significant regional efforts and assets in North Texas. We serve as the connective thread to further our members initiatives to help promote their efforts to the global community and by bringing together the brightest minds and best companies to foster a diverse and strong biotech and healthcare industry in North Texas. The organization provides opportunities to connect, learn and access resources including capital resulting in partnerships, jobs and new innovations that otherwise might not have occurred. In short: Our members are companies and people who work to FEED, FUEL, and HEAL the world and we help them to succeed so that through their efforts lives are improved.
North Texas has over 1,000 life science companies employing more than 26,000+ employees. There are over 40 universities and research institutions in the area with over $600MM in research funding. North Texas is becoming the “hub of biotech”.
Mckesson, the nations 6th largest company and the leading healthcare distributor of medical supplies and equipment and pharmaceutical distribuion, relocated its headquarters to North Texas in April 2019. In a prepared statement in November 2018 then CEO and Chairman John Hammergren stated that “Making this move will improve efficiency, collaboration and cost-competitiveness, while providing an exceptional work environment for our employees.” President and Chief Operating Officer Brian Tyler added that “As part of our strategic growth initiative, we’ve developed a hub location strategy, co-locating people based on the type of work they do to improve teamwork, advance innovation and increase efficiency.”
Mckesson joins another industry leader Integer, one of the largest medical device contract manufacturers with over $1.2B in revenues, who has set up their headquarters in North Texas.
Capitalizing and expanding on the growth of biotech, the DFW Airport recently received CEIV certification, one of only two airports in the United States that has this designation. They are creating a robust cold chain logistics hub from what is geographically a competitive advantage – DFW’s mid-continent location is accessible by every major US market within four hours and offer international direct flights that cannot be offered by airports on the coasts. The initial move is a 37,000 square-foot DFW cold-chain facility that is operated by dnata, which released a separate statement on the CEIV-certification, stating that in the past 12 months it has handled more than 500 tons of perishables at DFW. The space includes two dedicated pharma chambers, three multi-temperature zones and a 15,000 square foot area for airside refrigeration. Other DFW cool-chain facilities include a refrigerated dock with truck doors, dry cargo space and a certified customs screening facility.
North Texas has all the elements that companies need, whether a startup or multi-national company. We have entrepreneurial support organizations, capital, research institutions, CRO, CMO, manufacturing, logistics, and everything companies need in the industry. In general, companies also benefit from Texas' pro-business attitude and no personal income tax. Government incentives are also offered to companies relocating to the state. And CPRIT, the Cancer Prevention and Research Institute of Texas, has given grants of over $2.2B in its 10 years of existence.
The biotech industry is robust and growing in the 26 county North Texas region represented by Bio North Texas and the region is gaining a reputation for being the hub of biotech. Learn more by visiting the Annual iC3 Summit on September 27th 2019. Learn more at www.bionorthtx.org or by contacting Jorge Varela at firstname.lastname@example.org.