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Life Sciences

As emerging markets compete for the industry's next wave of life sciences investment, Biggins Lacy Shapiro & Co. helps companies identify locations that provide the talent, infrastructure, innovation ecosystem, cost-competitiveness and development certainty needed to enable long-term growth. Since 2020, BLS & Co. has supported more than 20 announced life sciences projects totaling over $68 billion in investment.

Life Sciences

As emerging markets compete for the industry's next wave of life sciences investment, Biggins Lacy Shapiro & Co. helps companies identify locations that provide the talent, infrastructure, innovation ecosystem, cost-competitiveness and development certainty needed to enable long-term growth. Since 2020, BLS & Co. has supported more than 20 announced life sciences projects totaling over $68 billion in investment.

Industry Overview

Life sciences location decisions have never been more complex. Companies across the biotechnology, pharmaceutical, medical device and testing and diagnostics industries must balance access to scientific, engineering, commercial and manufacturing talent with increasingly demanding requirements for power, water, infrastructure and specialized facilities.  

BLS & Co. helps companies navigate these tradeoffs and identify and qualify locations that can support increasingly complex operations while accelerating speed to market, managing risk and controlling costs. Drawing on decades of experience advising some of the world's leading life sciences companies, BLS brings together location strategy, labor market analysis, infrastructure and utility due diligence, incentives strategy and site development risk assessment to help clients make confident, long-term investment decisions.

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Location Strategy

BLS & Co. helps clients select locations for administrative, research, development and manufacturing facilities, as well as corporate headquarters, and works with companies to obtain economic development incentives. Our services include:

  • SITE SELECTION: We help clients optimize their location choices via deep process expertise, problem solving skills and situational awareness. We employ the most effective analytical tools and databases available to evaluate labor markets, logistics, costs, regulatory environments and other critical location variables.
  • SITE, FACILITY, AND INFRASTRUCTURE DUE DILIGENCE: Our due diligence includes fiber assessments and energy service/cost.
  • LOGISTICS AND SUPPLY CHAIN OPTIMIZATION: BLS & Co. helps manufacturers address issues related to supply chain including transportation cost analysis and comparison, network optimization, evaluation of number and location of plants, supplier identification, waste reuse/disposal opportunities, and other concerns.

Incentives Advisory

We are best known for the breadth and sophistication of our incentives advisory services and have been involved in transactions in almost every state. Through our international partners we are also able to serve clients elsewhere in North and South America as well as Europe and Asia.

OUR INCENTIVES SERVICES INCLUDE:

  • STRUCTURING AND NEGOTIATIONS: We identify all incentives that might be available to a project; evaluate if a company will be able to efficiently use the benefits; and negotiate with public entities to achieve the optimal balance between value and business flexibility for each relevant program. We do so while closely coordinating with our clients’ real estate due diligence, acquisition and disposition process, and by crafting a communications strategy and protocols to protect project confidentiality and ensure a company’s public relations standing.
  • COMPLIANCE AND ADMINISTRATION: Incentives awarded for a project typically involve substantial procedural requirements, necessitating the establishment of monitoring, reporting and compliance systems. We work with clients to provide a post-closing “roadmap” of all reporting and claiming requirements and can manage these compliance activities on an annual cycle over the life of the particular grant or tax credit.
  • TAX CREDIT SALES: We frequently are able to arrange the sale of any unused tax credits when state programs allow such transfers or sales. We provide advice and support in connection with the initial filing and approvals required to issue a tax credit certificate.

Energy Services

Additional Capabilities

Representative Clients

Amylin
Ascension Health
Barr Pharmaceuticals
BlueRock Therapeutics
Bristol-Myers Squibb
Cellectis, Inc.
Eli Lilly
Imclone
Mallinckrodt Pharmaceuticals
Mead Johnson Nutrition
Moffitt Cancer Center
Prescriptions Solutions
Roche
Sana Biotechnology
Spectra East, Inc.
Genentech
Teva
Biogen

Representative Clients

Amylin
Ascension Health
Barr Pharmaceuticals
BlueRock Therapeutics
Bristol-Myers Squibb
Cellectis, Inc.
Eli Lilly
Imclone
Mallinckrodt Pharmaceuticals
Mead Johnson Nutrition
Moffitt Cancer Center
Prescriptions Solutions
Roche
Sana Biotechnology
Spectra East, Inc.
Genentech
Teva
Biogen

Case study

Eli Lilly

BLS & Co. has advised global pharmaceutical leader Eli Lilly & Company (Lilly) on competitive site searches supporting 13 new global sites since 2020 accounting for more than $57 billion in announced investments in next-generation production facilities. Our engagements with Lilly date back more than two decades.

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Case study

Bristol Myers Squibb

BLS & Co. served as site selection and incentives advisor to Bristol Myers Squibb dating back more than two decades. Our engagements include have included complex and highly competitive nationwide searches for both manufacturing and office projects which have resulted in over $3.3 billion in announced investment.

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Case study

Genentech

BLS & Co. serves as location and incentives advisor to Roche, Swiss multinational healthcare leader, and its subsidiary Genentech, the South San Francisco-based biotechnology industry leader. Our engagements with Roche date back to 2012, supporting over $2.7 billion in announced investments.

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Interested in Learning More?

Contact us today at 609.924.9775 or info@blsstrategies.comto schedule an initial consultation.