Japanese biotechnology company CellFiber Co. has selected Philadelphia for its first international subsidiary. The expansion brings the company’s U.S. operations to University City’s growing life sciences district. Operating as CellFiber Inc., the new subsidiary has secured space at CIC Philadelphia, located at 3675 Market Street. The property offers coworking offices and shared laboratory facilities designed… Read more »
Innata Bio has selected Philadelphia for its new headquarters as the biotechnology company establishes a permanent home. The clinical-stage life sciences company will operate from Lilly Gateway Labs at Breakthrough in Center City. Notably, Innata Bio becomes the second company to join the life sciences incubator since it opened earlier this year. The company was… Read more »
Carisma Therapeutics has filed documents with the Securities and Exchange Commission outlining plans to delist its stock. The University of Pennsylvania spinout is winding down operations. The filing was submitted on Monday. The company’s stock previously moved to the OTCID market after being suspended from Nasdaq trading in mid-October. Approval for the voluntary delisting and… Read more »
Eli Lilly and Co. announced Wednesday that it will open a new Lilly Gateway Labs site in Philadelphia. The move offers another strong boost to the region’s growing life sciences ecosystem. Lilly will take 44,000 square feet at 2300 Market Street, a Center City life sciences building developed by Breakthrough Properties. The news follows the… Read more »
The Philadelphia Industrial Development Corporation (PIDC) is looking for partners for what it is billing as a “landmark life sciences development opportunity” in the city. The city’s public-private economic development corporation wants to create a massive cell and gene therapy manufacturing complex across two sites totaling about 40 acres on Southwest Philadelphia’s Lower Schuylkill riverfront…. Read more »
Exelixis Inc., an Alameda, California, biotechnology company, is establishing a major hub in the Philadelphia area that involves eventually developing a 175,000- to 200,000-square-foot building and hiring several hundred new employees. Referred to as Exelixis East by the company, Exelixis has a temporary base in 23,000 square feet at 640 Freedom Business Center Drive in… Read more »
