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Montgomery County biotechs received nearly $8B in research funding in 2020 | WTOP

By January 11, 2021News
Cursor and Covid 19 Vaccine In Vials Free Stock Photo

Cursor and Covid 19 Vaccine In Vials Free Stock Photo

COVID-19 vaccine research drove a lot of funding to biotechnology companies in Maryland’s Montgomery County last year, but it didn’t all come from coronavirus research.

Life sciences companies based in, or with a presence in, Maryland’s largest county received nearly $7.7 billion in research and development funding from the federal government, private investors and nonprofit organizations in 2020, according to the Montgomery County Economic Development Corp., a public/private partnership aimed at helping private companies connect with funding, permits and other resources.

 

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