BetaBoston

Bio bonanza gives Massachusetts life science leadership

Credit: Globe File Photo

Almost every part of Massachusetts’ innovation economy benefits from the concentration of higher education centered here, but perhaps no sector benefits more than life sciences. That growth spreads far beyond Boston’s limits, thanks in part to welcoming real estate and eager talent, and now Luke Timmerman at Xconomy reports that Intarcia Therapeutics is moving east to join in the action.

The company, currently headquartered in Hayward, CA, just raised $210 million as it seeks to gain final approval for and then commercialize its novel diabetes treatment.

The move will be a move back for Intarcia’s chief executive Kurt Graves, formerly of Cambridge-based Vertex Pharmaceuticals.

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The news comes a day after Deloitte announced its North American 2012 Technology Fast 500, which attempts to charge which companies have had the most revenue growth in the preceding five year period. Boston ranked second in its share of companies on the list (at 9 percent), after the San Francisco Bay area (20 percent).

While tech start-ups contributed their fair share to the list, it was really boosted by life sciences companies which often have a slow ramp up in revenues followed, hopefully, by explosive growth when they do go to market.

Here are the top 20 Massachusetts growers:

— HubSpot, based in Cambridge (#17 overall)

— Carbonite, based in Boston (#51 overall)

— Ambient Corporation, based in Newton (#54 overall)

— AMAG Pharmaceuticals, based Lexington (#64 overall)

— AVEO Pharmaceuticals, based in Cambridge (#90 overall)

— Ironwood Pharmaceuticals, based in Cambridge (#93 overall)

— Insulet Corporation, based in Bedford (#114 overall)

— OmniGuide, based in Cambridge (#123 overall)

— Synta Pharmaceuticals Corp., based in Lexington (#124 overall)

— Intronis, based in Chelmsford (#126 overall)

— Brightcove, based in Boston (#146 overall)

— Vertex Pharmaceuticals, based in Cambridge (#151 overall)

— ARIAD Pharmaceuticals, based in Cambridge (#153 overall)

— Demandware, based in Burlington (#154 overall)

— Celldex Therapeutics, based in Needham (#165 overall)

— Wave Systems Corp., based in Lee (#188 overall)

— Satcon Technology Corporation, based in Boston (#189 overall)

— ArQule, Inc., based in Woburn (#204 overall)

— EnerNOC, Inc., based in Boston (#228 overall)

For more on the area’s life sciences leadership, read Scott Kirsner’s posts on the subject.

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