Policy & Regulation
Thermo Fisher Scientific Partners with Pennsylvania Biotechnology Center to Support Life Sciences Growth in Philadelphia
22 September 2022 - - US-based scientific instrumentation, reagents and consumables, and software services supplier Thermo Fisher Scientific (NYSE: TMO) has become a founding sponsor supporting The Pennsylvania biotechnology Center campus in Doylestown, Pa., and their new B+Labs incubator in Philadelphia, where emerging life science companies can accelerate their journey to commercialization, the organization said.

Philadelphia recently ranked as one of the top markets in the US for life sciences, with continuous growth and USD 4bn in new construction that supports the industry's expansion.

Through PABC's existing campus and the new B+Labs incubator, PABC serves a critical need in the region for incubator space that includes the same state-of-the-art technologies that are accelerating drug discovery in other major cities.

As a founding sponsor of B+Labs, which is a partnership between the PABC and Brandywine Realty Trust, Thermo Fisher will provide its advanced technology and expertise to emerging biotech residents.

Evrys Bio has been at the PABC for 10 years. The company's president and CEO, Lillian W. Chiang, PhD, MBA, has started companies at two other incubators and says the PABC is superior.

Data show that early stage biotechs are more successful at raising series A funding, securing larger deal sizes and achieving success when they are part of an incubator ecosystem. The PABC, with expertise from the Blumberg Institute, is one of the nation's most successful life science incubators.

Pennsylvania Biotechnology Center is a nonprofit life sciences incubator-accelerator, offering state-of-the-art laboratory and office space to early-stage biotech companies, as well as the Hepatitis B Foundation and Blumberg Institute.

Managed by the Institute and led by a board appointed by the Foundation, PABC is home to more than 40 small to mid-size science, research and pharmaceutical companies.

The center uses a highly successful services-based approach to nurture and guide its member companies to success, advancing biotechnology, maximizing synergies among nonprofit scientists and their commercial colleagues, and launching new ideas and discoveries that will make a difference.

PABC is near Doylestown in Bucks County, in the heart of the Philadelphia-New Jersey pharma belt.