The following summarization is inspired by the article "Will 2018 set a record for biotech IPOs?" by Jonathan Saltzman and Kate Sheridan of the Boston Globe
The biotech industry in Massachusetts has been rapidly expanding since 2008. The number of people working in the field has grown 28 percent in the past ten years. The state had a record year in terms of IPO's in 2014, when seventeen companies went public, but it's looking like the industry may surpass this record in 2018. The Boston-Cambridge biotech industry is growing at an impressive rate, and doesn't seem to be slowing down anytime in the near future!