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King Street lands $1.5B in equity from Brookfield - Boston Business Journal

King Street lands $1.5B in equity from Brookfield - Boston Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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A Recovery for All of Us: New York City Invests $1 Billion in Life Sciences

A Recovery for All of Us: New York City Invests $1 Billion in Life Sciences
nyc.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nyc.gov Daily Mail and Mail on Sunday newspapers.

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City commits $1B to growing New York's life science sector

The city is set to double its investment in New York’s growing
life sciences sector with a $1 billion cash injection to build new lab space,
spur research and create a pipeline of talent.
Mayor de Blasio and the New York City Economic Development Corporation (NYCEDC) announced today a plan double the City’s original $500 million investment in life sciences to $1 billion as part of LifeSci NYC, a commitment launched by the mayor to create jobs and establish New York City as the global leader in life sciences.
de Blasio launched the LifeSci NYC initiative in 2016 with a visit to the Kallyope lab in the The Alexandria Center for Life Science ....

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Biomanufacturer planning $150M Boxborough facility

Arranta Bio, a microbiome contract development and manufacturing organization, is planning a $150-million facility in Boxborough to drastically increase its capacity beyond its sites in Watertown and Florida.
Arranta has begun work on the first phase of what will be a 130,000-square-foot biomanufacturing facility, a space so large it exceeds that of its two existing facilities combined. The company said it plans to employ more than 250 workers at the facility, with completion of the first phase set for early 2022.
As a so-called CDMO, Watertown-based Arranta provides manufacturing space for drug, life science or other products for clients. Before the Boxborough announcement, it had already invested more than $100 million last year to expand its supply capacity in helping microbiome firms. About 400 companies are actively exploring the links between diseases and the microbiome bacteria and viruses inside the body – in order to identify therapeutic targets, Arranta said. ....

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Mass. biopharma industry funding spiked to new record in '20

The Massachusetts biopharmaceutical industry raised far more investment than ever before in 2020, coinciding with the coronavirus pandemic that shifted an emphasis to potential lifesaving drugs, according to a report released Thursday.
The state s biopharma industry raised $5.8 billion last year, having never raised more than $5 billion in any year, according to the Massachusetts Biotechnology Council, a Cambridge-based statewide industry group. The Massachusetts biopharma industry was so dominant nationally 41% of all biopharma venture funding went to industry firms based in the state.
Most companies raising the highest levels of money were based in Boston, Cambridge or Waltham. None of the top 15 were outside the Route 128 belt, according to MassBio, and Cambridge firms alone made up 40% of venture capital funding in the state s industry, demonstrating how the booming industry is so densely centered in areas like Kendall Square in Cambridge and the Seaport in Boston. ....

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