One of Philadelphia’s leading gene therapy companies is setting out to build what could be by far the most prominent biomanufacturing facility in the city to date.
Spark Therapeutics will build a $575M gene therapy manufacturing facility on what is now a parking lot owned by Drexel University at 30th and Chestnut streets, the company announced Friday. Spark has agreed to a 99-year ground lease with Drexel, the financial terms of which were not disclosed. Few details of the building itself have been released beyond that it will have multiple stories and total around 500K SF.
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