I’m new to the fold in terms of reading Mark Reiboldt‘s work on his site Mark to Market, but if this post is any indication of his regular insight and writing style, I’ll be back.
Reiboldt put up a piece on why life sciences and health tech will be the next big wave of innovation and value creation. Here in New York City, our Mayor Michael Bloomberg certainly agrees, as the building of biotechnology infrastructure and office space is being encouraged and incentivized as we speak. The East River Science Park (above) is going up right now overlooking the FDR Drive, just north of Bellevue Hospital.
Reiboldt believes the coming wave will lead to great social benefit and exponential value, as compared to precious tech booms in the 80’s and 90’s.
In his own words:
What I mean by “exponential value” is that the value to come out of general technological innovation being applied to areas like life sciences will be so much greater than what we have seen from this revolution so far, that Facebook will be relegated to the pink sheets when it finally decides to pursue a public offering.
Is the “Golden Age of Life Sciences” upon us? Gee, I sure hope so. What a wonderful time to be an investor and a human being if Reiboldt and his colleagues are correct.
Full Story: Next Wave (Mark to Market)
Sources: Building Biotech (WNYC)