With 51,000 people working in the life sciences industry, Philly’s home to one of the top talent pools in the country for that sector, beating out both New York City and Los Angeles.

The stat is one of several promising numbers in a recently published report from commercial real estate firm CBRE. In the research firm’s ranking, Philly landed the No. 8 spot in a ranking of life science clusters in the country, sitting just behind the New York metro area and peeking above Los Angeles and Chicago.

In the 17-page report, titled 2019 U.S. Life Sciences Clusters, the best news for Philly seems to be in the venture capital space. Between Q1 2017 and Q3 2018, VC funding for Philly-based life sciences companies rose by 485 percent, which put life sciences funding in Philly at its highest level since 2007. Only the D.C.-Baltimore corridor had stronger momentum.

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