PA Biotechnology Center Celebrates Grand Opening of Entrepreneur Wing
Doylestown, PA (June 2010) – The Pennsylvania Biotechnology Center, of Doylestown, Pa., hosted a grand opening ceremony for its new “Entrepreneur Wing” on Thursday, June 10, 2010.
“Look at us now,” enthuses Dr. Timothy Block, founder and president of the PA Biotechnology Center. “With the confidence and support of the community and its leaders, we have built a new entrepreneur wing that is near full occupancy. We have truly become an incubator in which the mission-oriented nonprofit scientists can help launch or attract entrepreneurs, many of whom come from major pharmaceutical companies after being downsized,” said Dr. Block. “And now look at them – they have upsized themselves and are creating new companies and jobs of their own.”
“The renovations to the Center add 6,000 square feet of new laboratory space and will accommodate entrepreneurs who have been nurtured from our successful ‘Out and Up’ program” added Dr. Block. “The new labs are occupied with six new companies and several other incubating companies.”
Pennsylvania State Senator Chuck McIlhinney made remarks at the event. He noted, “In some of the toughest economic times that we have ever seen, the PA Biotechnology Center is adding new companies and new jobs. They are turning Bucks County into the ‘go-to’ place for biotech entrepreneurship.”
“More than $2 million of new investment is being brought in with these new companies, and 40 new jobs are expected to be created directly because of this expansion,” said Dr. Block. The Pennsylvania Department of Community and Economic Development awarded $200,000 to be used to continue the Center’s effective efforts in aggressively finding and developing new academic research ideas to be turned into products for the public good.
U.S. Congressman Patrick Murphy applauds the Center as being, “A great example of how innovations in Bucks County are helping to contribute to the nation’s economic turnaround. Creating new jobs while working on unmet medical needs and nurturing young students – all in the same place – is what makes this a model for success.”
The renovation project for the new entrepreneur wing cost $1.4 million and major funding is being provided by the Hepatitis B Foundation and its research organization, the Institute for Hepatitis and Virus Research (IHVR). The wing will encompass the IHVR teaching lab and eight research labs for entrepreneurs that include mass spectrometry lab, drug discovery, diagnostics, medicinal chemistry, and a CLIA (Clinical Laboratory Improvement Amendment) certified laboratory. This expansion significantly impacts the overall research mission of the Center.
About the Pennsylvania Biotechnology Center: The Pennsylvania Biotechnology Center is a nonprofit research organization created by the Hepatitis B Foundation, and owned in partnership with Delaware Valley College, that is dedicated to the creation of a world-class biotechnology center, to the promotion of regional economic development and job creation, and to the education and training of tomorrow’s researchers. For more information, please visit www.pabiotechbc.org
Contact: Leah Ludwig
215-340-0480 / email@example.com
Page last modified June 15, 2010