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Pennsylvania Biotechnology Center pumped nearly $8 billion into local economy, has roadmap for continued fiscal and research growth.

The one-year grant aims to accelerate life sciences discoveries by young companies, but also support the economic development of the region through new programming.

Pennsylvania Business Report Pennsylvania Biotechnology Center announces $5M investment from retirement board © Shutterstock Pennsylvania Biotechnology Center (PABC), a nonprofit life sciences incubator based in Doylestown, announced Wednesday that it had received a major investment pledge by the Bucks County Employees’ Retirement Board. The Board has pledged to invest up to $5 million in the Hatch Biofund. Created by the Baruch S. Blumberg Institute, which managed the PABC, the money supports PABC-member companies. The pledge follows a $10 million commitment made by Daiichi Sankyo, one ...

Pennsylvania Biotechnology Center (PABC) Announces $5 Million Investment from Bucks County Employees' Retirement Board News provided by Share this article Share this article DOYLESTOWN, Pa., May 5, 2021 /PRNewswire/ -- The nonprofit Pennsylvania Biotechnology Center (PABC), one of the nation's most successful life sciences incubators, today announced a major pledge by a local government agency to invest in the Hatch Biofund. The Bucks County Employees' Retirement Board will invest up to $5 million in the Hatch Biofund, which is intended to support PABC-member companies. The Hatch Biofund was...