US Gateway
A roadmap for Biotechs expanding into the US.
Expanding into the US market presents several challenges for Biotechs.
As well as working out the logistics, like where the right location is for you or what employment laws you must follow, it can be tough to compete for top talent in such a competitive job market, where expectations for high salaries, benefits, and career opportunities are elevated and communication styles differ.
Biotech leaders must also ensure that all scientific standards and ethical practices are consistently upheld while you adapt to the local US regulatory and industry norms, so that your scientific integrity is never compromised.
At Singular, we empower Biotech companies to build brilliant teams and create brilliant cultures, whether that’s in Europe or in the US. We’ll talk through your plans, and either take care of everything for you or provide you with a bespoke strategy that you can implement yourself with or without our support.
The world’s largest market
Valued at around $4 trillion annually, the US is the world’s largest market for Pharmaceutical sales and a hub of Biotech innovation. Most Biotech companies see expanding into the US market as crucial to their future, but it can be difficult to bridge the Atlantic effectively.
The FDA is the most influential regulatory body in the world. Its established pathways, expedited review programs, and market access opportunities provide early stage Biotechs with greater predictability and commercial potential.
Substantial venture funding is also undoubtedly a key incentive for crossing the pond. We all know there is more money in the US than there is in the UK or Europe for venture funding, but the scale of difference is staggering.
The average VC round in 2023 in the UK was £18.3m, while the average VC funding round in the Northeast US was $96m last year.
Moreover, with a better track record of drug development success and commercialisation than in most European locations, the US is also home to an exceptional and highly-experienced talent pool.
US Gateway – how it works
Ready to land and expand in the US? We’ll provide your gateway. We will:
- Help you attract, engage, select and secure the right people to build your US team
- Preserve the essence of your culture, while adapting to US working norms
- Understand and navigate the logistics of landing and expanding in America
Download our latest e-guide ‘Your Gateway To The USA’ for free below.
