The PABC is managed by the Baruch S. Blumberg Institute, the research arm of the Hepatitis B Foundation. The Blumberg Institute is a nonprofit organization, and its management mission is twofold:
- Create a successful environment for start-ups to succeed
- Promote economic development
Since the PABC’s inception in 2006, a thriving, synergistic, and collaborative community has been created. Common equipment, a free reagent library, various lab services, and scientific consultation from this community has resulted in the PABC being at full capacity for many years and significant success for many companies. The PABC also offers a unique entrepreneur-academic environment. World class seminars are held weekly, entrepreneur events, regional biotechnology conferences, investment panels and networking, all included as members of the PABC.