BioLabs & The Los Angeles Biomedical Research Institute Opens Innovation Center at Los Angeles

BioLabs & The Los Angeles Biomedical Research Institute Opens Innovation Center at Los Angeles

The Los Angeles Biomedical Research Institute (LA Biomed) and BioLabs, a network of shared lab facilities designed to manage all aspects of operations for high-potential, early- stage life science companies announced the Spring 2019 opening of a new Los Angeles bioscience innovation center. The new center can accommodate up to 30 new companies and is uniquely designed to help startups go further and faster on limited capital investment.

Keith B. Hoffman, Ph.D, Vice President of Business Development and Technology Transfer, LA BioMed, comments, “The biotech ecosystem in Los Angeles is experiencing unprecedented growth, and we are thrilled to be working with BioLabs, the County of Los Angeles, and other local stakeholders to offer this premium space for early-stage companies. With its excellent reputation and impressive track record, BioLabs is our partner of choice. Together, we hope to help drive the rapid growth of bioscience startups in the Los Angeles ecosystem”.

Just like every other BioLabs sites, the Los Angeles innovation center is designed by a team of scientists and entrepreneurs with decades of experience in business formation and startup success. The center also provides concierge service as well as technical and administrative support. It is already a part of BioLab’s growing network of facilities that includes locations in San Diego, Calif., Raleigh-Durham , N.C, Princeton, N.J, Boston and Cambridge, Mass. ; the San Francisco Bay Area, Calif.; Philadelphia, Pa. and New York, N.Y.

Susie Harborth, COO, BioLabs, says, “The BioLabs LA BioMed location will build upon our success in Southern California, where we opened a site in 2016 that is now 100 percent occupied, as well as in other geographies. The BioLabs LA BioMed site was designed to enable collaboration among like-minded startups, and we hope it will be an attractive home for both domestic and international companies who want to have a presence in the Los Angeles market”.

Additionally, Los Angeles County contributed $3 million, a sum matched by philanthropists Melanie and Richard Lundquist, toward the construction of the new research building where the incubator is located. Commenting on this, Mark Ridley-Thomas, County Supervisor, Los Angeles, says, “The incubator is the latest product of Los Angeles County’s longstanding partnership with LA BioMed, one that will enhance the local ecosystem for startups and hasten the formation of cutting-edge life science companies. Not only will the incubator produce innovative technologies and treatments that can improve medical outcomes and potentially save lives, it will also create hundreds of well-paying jobs”.

Founded in 1952, LA BioMed is an independent non-profit biomedical research organization which has more than 120 principal investigators and 400 researchers in total – MD’s, MD/PhD’s and PhD’s – working on over 1,000 research studies including therapies for multiple orphan diseases which is an essential element to one of the nation’s top-ten biotech clusters.

Headquartered at Cambridge, Massachusetts BioLabs are premier co-working spaces for life science startups – unique places where people can test, develop and grow their game-changing ideas. It offers co-working environments that pair premium, fully equipped and supported lab and office space with unparalleled access to capital and industry partners.

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Source: IANS