Life Sciences
Nanomaterials, photonics, medical imaging, and quantitative analytics are some of the core technologies that are driving the growth of life sciences companies in the Greater Rochester, NY region. They have been integrated into products such as diagnostic instruments, noninvasive medical imaging systems, and prescription contact lenses for local companies such as Carestream Health, CooperVision, and Ortho-Clinical Diagnostics.
With numerous life sciences companies and extensive research and development resources such as the University of Rochester Medical Center and the University of Rochester Clinical and Translational Sciences Institute, discoveries can be readily advanced from the lab into new treatments and cures.
Leveraging the capabilities and expertise among many precision manufacturers, software development firms, and research institutions, a diverse and highly skilled technical and engineering environment is readily available to collaborate in the development, prototyping, and commercialization of medical devices, biotech products, and healthcare IT applications.
World-class talent at competitive rates approximately 17% below the national average.
| Position |
Rochester Annual
Mean Wage
|
National Annual
Mean Wage |
Rochester Advantage |
| Chemical Engineers |
$93,830 |
$112,430 |
16.5% |
| Medical Scientists, except Epidemiologists |
$81,220 |
$96,070 |
15.5% |
| Chemists |
$74,280 |
$83,500 |
11.0% |
| Life, Physical, and Social Science Occupations - All |
$64,960 |
$74,370 |
12.7% |
| Biological Technicians |
$35,680 |
$47,410 |
24.7% |
| Pharmacists |
$105,950 |
$121,710 |
12.9% |
| Clinical Laboratory Technologists and Technicians |
$46,440 |
$53,230 |
12.8% |
| Diagnostic Related Technologists and Technicians |
$50,180 |
$64,040 |
21.6% |
| Miscellaneous Health Technologists and Technicians |
$40,750 |
$48,600 |
16.2% |
Source: U.S. Dept. of Commerce Bureau of Labor Statistics, May 2017 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates
Notable Life Sciences Companies
The University of Rochester is partnering with the University at Buffalo and Roswell Park Comprehensive Cancer Center to form a powerful new drug discovery partnership that aims to convert the institutions’ scientific breakthroughs into viable pharmaceuticals for commercialization and strengthen the region as a hub for life sciences research and development. Governor Andrew M. Cuomo announced that the new Empire Discovery Institute (EDI) will receive $35.4 million in funding over five years from Empire State Development, in addition to $12 million worth of in-kind support from the partner institutions. EDI’s focus will be on early-stage drug discovery, which includes identifying and designing drug candidates and assisting researchers in examining new drugs’ efficacy and safety in early-stage clinical trials. Moving new drug candidates more efficiently through the discovery and validation stages adds tremendous value, making them much more attractive to industry partners and investors. This will lead to licensing deals with pharmaceutical and biotech companies, as well as the formation of startup companies that will continue developing the drugs.
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