Life Science Companies In Massachusetts – AMHERST – June 30, 2017. The University of Massachusetts Amherst Institute for Applied Life Sciences provides facilities for research and prototyping to area manufacturers. (Jim Kinney/The Republican)
AMHERST – The Massachusetts Biotechnology Council, known as MassBio, and the University of Massachusetts at Amherst are collaborating on an incubator that will give local companies cheaper access to research tools.
Life Science Companies In Massachusetts
“They can use them and rent them if needed,” said Robert K. Coughlin, Masbio’s president and CEO. “It really puts life sciences in western Massachusetts on the map.”
Massachusetts Biomedical Initiatives
MassBIo has opened an office at the UMass Institute for Applied Life Sciences and announced that members, which include academics and technology companies, can rent lab time and use equipment at a 10% discount.
“The whole idea here is to integrate academia and industry,” Coughlin said. “It will be a place where companies come together, stimulate and accelerate.”
The institute includes three research groups: the Center for Bioactive Delivery, the Models to Medicine Center, and the Center for Personalized Health Monitoring.
His equipment includes clean rooms and microscopes that can cost hundreds of thousands of dollars, things that are out of reach for a company trying to get off the ground, Coughlin said.
Survey Reports — Lhs Benefits
Biotechnology researchers – whether from industry or academia – will have greater access to more than 30 state-of-the-art facilities under an incubator agreement announced Monday.
The Massachusetts Biotechnology Council will have a new office at UMass Amherst’s Institute for Applied Life Sciences (IALS), MassBio West. This office will allow MASBIO members in the western part of the state to easily access MASBIO benefits and help further growth of the life sciences cluster across the state.
“The school is a gem, and now we’re going to do a great job of turning that science into businesses and turning that science into something that can ultimately help a patient,” Coughlin said.
Most of these facilities are concentrated in metro Boston within the Interstate 495 corridor, Coughlin said. Masbayo opened a similar office in Worcester eight years ago to reach out to businesses in Central Massachusetts, he said.
In addition to #UMassGives, we’re also celebrating the Innovation & Entrepreneur Showcase today, starting with a ribbon cutting ceremony for a new addition to @UMassIALS: a @MassBio West Office! https://t.co/ZLmIrHaLVE pic.twitter.com/Kh5YFA64n4 — UMass Amherst (@UMassAmherst) April 29, 2019
“UMass Amherst’s Institute for Applied Life Sciences (IALS) hosts some of the most sophisticated large instrumentation facilities in the state that help translate life science research and technology development into product candidates,” said IALS Director Peter Reinhart. Facilitate industry partnerships, new ventures and contribute to the development of the workforce in the discovery, development and manufacture of medical devices, biomolecules and delivery vehicles. Opening an office at MassBio IALS will help raise awareness of the unique resources available to MassBio’s extensive membership.
MASBIO is a non-profit organization that represents the Massachusetts life sciences and provides services and support. It has more than 1,200 member companies.
If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Massachusetts is about to see another batch of young biotech companies take the next step and become public companies. Just the last few weeks.
Baker Polito Administration Announces Job Creation Incentives For 23 Massachusetts Life Sciences Companies
While the universe of large, independent public companies has shrunk in recent years, the biotech industry continues to encourage young companies to become the next Moderna or Vertex pharmaceuticals.
Last year, 21 biotech companies completed initial public offerings in the state, a 110 percent increase from 2019, according to the Massachusetts Biotechnology Council, and raised $3.9 billion. They include beam therapeutics, relay therapeutics, and misthorn therapeutics.
So far this year, Cambridge Biotech Vor Biopharma has raised $177 million. Here’s a roundup of other local biotechs that recently announced plans to go public.
Sentasa, the Cambridge-based online conglomerate formed by the merger of 10 biotech startups, revealed plans to go public in a public filing last week.
S Top Employers Engage, Nurture, And Harness The Power Of Scientists
Centassa focuses on developing medicines for diseases ranging from cancer to respiratory diseases. With trials spanning the discovery phase to late clinical, Centessa said he expects more than a dozen results in the next three years, including some in 2021.
Cambridge biotech Tango Therapeutics plans to go public in a $353 million deal with a special purpose acquisition firm. The SPAC, called BCTG Acquisition Corporation, is backed by Boxer Capital, one of the biotech’s investors. Tango focuses on precision cancer medicine.
SPAC mergers have become a popular way for companies to go public as an alternative to traditional IPOs, and several companies in the Boston area are rumored as destinations. According to MassBio, two of the four biopharma companies that went public through SPAC mergers last year were based in Massachusetts: Boston-based Cerival Therapeutics and Cambridge-based Gemini Therapeutics.
Waltham-based TScan Therapeutics is looking to go public with an initial public offering of up to $100 million, according to a filing with the SEC.
Massachusetts Biotechnology Council
The preclinical company is working on treatments that target T cells, which play a role in the body’s immune system response. By harnessing information from T cells to help cancer patients recover, TScan aims to reprogram the same cells in other patients.
Since the company was launched in 2018, it has raised $160 million in venture capital from biotech heavyweights, including RA Capital Management, Novartis Venture Fund, Bessemer Venture Partners, formerly Google Ventures, and GV.
Werewolf, an early-stage oncology startup in Cambridge, was founded in 2017 and emerged from stealth two years later with $56 million in venture capital. In January, Werewolf raised another $72 million led by Boston-based RA Capital Management, and the company is now targeting a $100 million IPO. All of their programs are in the preclinical phase.
Werewolf filed a document with the SEC on Monday indicating that it plans to offer 6.3 million shares at a price between $15 and $17.
Another Class Of Biotech Companies Are About To Go Public In Massachusetts
The Black News Hour Presented by Black News Hour Powered by black journalists at The Boston Globe, “Black News Hour,” a new radio program, delivers credible news that connects with our community and expands on the deeper issues affecting our city. Sanofi has recently sold its 310, 000 square feet Allston plant built for its Genzyme subsidiary Resilience, a San Diego-based provider of biopharma manufacturing services, which employs all 250 employees and plans to expand the staff. Boston and neighboring Cambridge, MA, anchor a regional biopharma cluster that maintains its No. 1 ranking on GEN’s top-10 list despite signs of growing strength from the nation’s closest competitive region. [National Resilience Inc. via Business Wire]
-“It was the best of times, it was the worst of times” – the head of the nation’s largest life sciences owner recently encouraged to describe the sector about the past year that his realization confidence for real estate served.
“For the industry, 2020 is the ultimate paradox: the worst year of our lifetime, but the best year for the life sciences,” Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, told analysts in February. After releasing 2020 fourth quarter and full year results. “There is a lot of work to be done [here] to rebuild businesses and lives, and I would say it will take a good part of this decade to do that for so many people who have been so devastatingly affected. “
However, the industry is struggling to develop vaccines and drugs against COVID-19, as well as diagnostics for the virus, which led to life sciences raising a record $23.5 billion in venture capital over 626 deals in eight life sciences.
A Bioprinting World Map
(Biotechnology, Diagnostics, Drug Distribution, Drug Development, Drug Discovery, Drug Manufacturing, Pharmaceutical Distribution & Wholesale, Pharmaceuticals / Drugs), according to the PwC / CB Insights Quarterly MoneyTree™ report. Pitchbook and the National Venture Capital Association reported more activity in the “biotech and pharma” category last year at $27.4 billion, up from $17.3 billion in 2019.
Judging by the numbers reported by the nation’s top American clusters, 2020 saw a record-high amount of lab space, NIH funding, and record-high jobs and patents. These higher rates can be found in the higher regional numbers that appear
Since the 2015 A-list in the US This year’s ranking shows that the leading regional cluster maintains its top spot – a year after the first top-10 list of regions. However, Clusters 2-5 are nipping at their heels, thanks to playing to different strengths. And from the 2019 A-List, the regions occupying positions #7 through #10 all changed positions, with two regions gaining and two losing.
Chicagoland ranks lowest in lab space, 11th at 3.4 million square feet, but a series of planned developments will probably improve that figure in the coming years, starting with 423 and 454 square feet expected to open this year. That space is now produced by Trammell Crowe at Fulton Labs in Chicago’s Fulton Market neighborhood. Trammell Crow is partnering with life science entrepreneur John Flavin to launch a platform called Portal Innovations.
Texas Medical Center Launches World’s Largest Life Science Campus
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