GAITHERSBURG, Md. - Biotechnology executives from the Capital Region convened in Gaithersburg Wednesday to highlight successes and plan for further innovation in the area.
Hundreds of executives filled MedImmune's auditorium to hear from a variety of speakers including Governor Larry Hogan and the head of MedImmune.
It's all part of a movement to make the Greater Washington area a top three biotech hub in the nation by 2023.
The two-day event is in its third year, hitting record attendance this week.
The head of MedImmune said this region has the perfect combination to thrive in biotech, because it has an educated workforce, eager entrepreneurs, and it’s home to major government agencies like the National Institute of Health and National Cancer Institute.
"I think we're building on the success of the first year, and I think that's basically what you're seeing,” said Bahija Jallal, Head of MedImmune. “People are seeing the value that it brings to the region."
Thursday is the final day of the forum; there will be a BioHealth Crab Trap, where companies compete to be named the company with the most commercial potential.