Seven Emerging Life Science Clusters in the United States May Provide Business Opportunities for Clinical Pathology Laboratories
Local medical laboratories and pathology groups can often contract to provide certain services to nearby biotechnology firms
Clinical laboratories and pathology groups lucky enough to be located near one of the nation’s recognized “life science clusters” have an opportunity to create useful business relationships with the pharmaceutical firms, biotechnology companies, and medical device businesses that operate within these clusters.
Biotech firms located in these life science clusters often need some of the medical laboratory testing services commonly offered by local clinical laboratories. Relationships developed for these reasons can often open the door for medical laboratories—particularly in academic centers—to play other roles in helping develop new in vitro diagnostic (IVD) technologies for clinical applications. (more…)