The nonprofit Pennsylvania Biotechnology Center (PABC), one of the nation’s most successful life sciences incubators, generated $7.3 billion in economic activity in the region during 2016 to 2021, according to a new study commissioned by the PABC’s management. During those six years, the Doylestown-area biotech facility produced 1,135 new jobs. Of those, 500 were jobs with PABC-member companies and 635 were jobs in Pennsylvania, excluding Bucks County. Please read more here.
The Pennsylvania Biotechnology Center (PABC) generated $7.3 billion in economic activity in the region during 2016 to 2021, according to a new study commissioned by the PABC’s management. Please read more here.
The nonprofit Pennsylvania Biotechnology Center (PABC), one of the nation’s most successful life sciences incubators, is proud to announce that IGM Biosciences Inc. (Nasdaq: IGMS) of Mountain View, Calif., is one of the center’s newest member companies and will be expanding its R&D footprint at the PABC’s Doylestown campus. Please read more here.
Senator Santarsiero Secures $1.57 million for Biotech Investment in Bucks County
State Senator Steve Santarsiero (D-10) announced today that he has secured $1,577,500 in state funds from the Redevelopment Assistance Capital Program (RACP) for the Pennsylvania Biotechnology Center, the life sciences incubator in Buckingham Township. “I’d like to thank Governor Wolf for supporting my request to dedicate RACP funds for the continued growth and expansion of the Pennsylvania Biotechnology Center,” said Sen. Santarsiero. Please read more here.
Life Sciences Leaders to Lease Space at B.Labs, Powered by the PABC
Brandywine Realty Trust (NYSE: BDN) and Pennsylvania Biotechnology Center (PABC) announced that B.Labs at Cira Centre has been 50% leased to notable life science companies. These companies are both new to the Philadelphia region and growing local companies and include BriaCell, Ceptur Therapeutics, Leal Therapeutics, and Vitara Biomedical, among others. Please read more here.
Biotech industry expert joins Pennsylvania Biotechnology Center (PABC) as director of Philadelphia’s B.Labs at Cira Centre
The nonprofit Pennsylvania Biotechnology Center (PABC), one of the nation’s most successful life sciences incubators, has recruited Matthew F. Burkhardt, a biotech industry expert and scientist, to be the first director of B.Labs at Cira Centre, a new life sciences incubator in University City, Philadelphia. Please read more here.
New president announced for the Pennsylvania Biotechnology Center (PABC)
Louis P. Kassa, executive vice president and chief operating officer of the nonprofit Pennsylvania Biotechnology Center (PABC), will become the center’s president in July 2022. He will succeed Timothy M. Block, PhD, who made the announcement Sept. 27. Dr. Block will become executive chair of the Hepatitis B Foundation Board of Directors, which governs the PABC and its two sister organizations, the Hepatitis B Foundation and Baruch S. Blumberg Institute. Please read more here.
PABC announces new collaboration and $10 million investment pledge from Daiichi Sankyo Inc.
The PABC announced on March 31 a new collaboration that includes a pledge by Daiichi Sankyo to become an investor in the fund managed by Hatch Biofund Management LLC. An investment of $10 million has been committed by Daiichi Sankyo to Hatch Biofund 1, which was created by the Baruch S. Blumberg Institute as a companion to their Incubator and BioAccelerator. Please read more here.
PABC chosen by Brandwine Real Estate Trust to develop, launch and manage new B.Labs in Philadelphia
Brandywine Realty Trust (NYSE: BDN) in partnership with the Pennsylvania Biotechnology Center (PABC), on March 24 announced B.Labs—a Life Science incubator at Cira Centre directly adjacent to Brandywine’s 14 acre $3.5 billion Schuylkill Yards neighborhood in University City, Philadelphia. Please read more here.
Doylestown, Nov. 19, 2020 – Louis P. Kassa, MPA, executive vice president and chief operating officer of the Pennsylvania Biotechnology Center, has been named one of “The 10 Best COOs of 2020” by Industry Era, a global technology media outlet. The list includes COOs from a wide variety of organizations worldwide.
Since joining the Pennsylvania Biotechnology Center (PABC) in 2014, Kassa has led the PABC to become one of the nation’s leading life sciences incubators, according to a report by the International Business Innovation Association.
The PABC is a nonprofit that offers state-of-the-art laboratory and office space to early stage biotech companies, as well as the Hepatitis B Foundation and Blumberg Institute. With more than 70 member companies, the center is home to 41 small to mid-size science, research and biotechnology companies. The PABC has been at full capacity for the past seven years and there is a waiting list of companies that want to locate in the PABC, Kassa said. “We have a very specific ecosystem and services platform that helps entrepreneurs find a path for success,” Kassa said.
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