Wednesday, April 10, 2013

Report: Twin Cities Area Continues To Be A Medical Device Hot Spot.

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From Minnesota, the Minneapolis Star Tribune (4/10, Moore) reports that "the Twin Cities' cluster of medical device and life-sciences companies slipped a notch in 2012, but the area continues its stronghold as a medical device hot spot, according a recently released report." The report, put together by the firm Jones Lang LaSalle, did not specify why Minneapolis-St. Paul went from eighth to ninth place. Instead, it measured "employment in high-tech research and in the hospital/medical fields, the number of life sciences establishments, and the prevalence of National Institutes of Health (NIH) and venture capital funding." The Star Tribune points out that biotechnology and pharmaceutical companies are considered under the life-sciences category in the report, as well as medical device companies. While the Twin Cities has the latter (Medtronic, St. Jude Medical), it lacks the former.

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