If you want to keep biotech talent on Long Island over the long term, you have to think about how new companies might attract talented staff. You also have to think about where these people might find their next Long Island biotech job if their current company folds or is sold. Diane Fabel of the Stony Brook Center for Biotechnology describes an example of precisely this situation, when a major pharmaceutical company on Long Island was purchased by a larger company and for all practical purposes “disappeared” and “they shut down the Long Island location. All of this talent had to decide” whether they were going to move. “We was a community were not prepared to do anything, so they just dispersed” and ended up “working for companies not on Long Island, for the most part.”
