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U.S. Dept. of Commerce grants $1.3M for The Reactory biomanufacturing campus

U.S. Dept. of Commerce grants $1.3M for The Reactory biomanufacturing campus
wbjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wbjournal.com Daily Mail and Mail on Sunday newspapers.

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Worcester developers see new high-profile projects attracting more interest

By Devina Bhalla
This story appeared in the Special Section: Worcester Emerging, detailing the buzz building around the city. To see the entire section, click here
As Worcester grows, so does its appeal to investors and developers.
“For the most part, I can’t ask for any more than a location like Worcester,” said Mark Nedelman, CEO of Biomere, a biomedical company with 100 employees on Union Street.
This idea for why it is important for the city to capitalize on Worcester’s progress in bringing in outside developers came during the third installment in the Worcester Emerging webinar series this spring from Worcester Business Journal and the State House News Service, describing the changes taken place in the second largest city in New England over the past half decade. ....

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'Worcester has a story to tell': Developers still target city as a market prime for growth following the pandemic

'Worcester has a story to tell': Developers still target city as a market prime for growth following the pandemic
masslive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from masslive.com Daily Mail and Mail on Sunday newspapers.

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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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Q&A: Building out life sciences at The Reactory

When Matt Zicaro joined forces with Michael O’Brien of Galaxy Development, they launched a new development firm – Galaxy Life Sciences – committed to building out the bioscience industry in Central Massachusetts, particularly at The Reactory biomanufacturing campus in Worcester. Aside from the section of the Reactory to be occupied by the $60-million facility of Chinese biomanufacturer WuXi Biologics, Galaxy has optioned the rest for its future developments, the first of which will be a $50-million build-to-suit facility.
How did you end up at Galaxy?
I’m a very resourceful person who has thousands of contacts in the pharmaceutical industry. I’ve worked for some major companies in the life sciences industry: Vertex Pharmaceuticals in Boston, Bristol-Myers Squibb in Devens, and Shire in Lexington. ....

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