News from the life sciences community north of Boston |
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Despite the many challenges faced by all, the life sciences industry continues to excel. Record-breaking rates of fundraising, rapid expansion of lab space, and job growth are the key themes of the recently released MassBio 2021 Industry Snapshot. |
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The report indicates Woburn and Beverly (both "Platinum BioReady" communities) are well-represented with large numbers of MassBio life sciences members.
MassBio also highlights the future challenge of finding enough talent to meet anticipated need for up to 40,000 net-new employees anticipated in the region by 2024.
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What are your company's growth plans? Drop us an email to tell us what's next for your organization or to share some recent news.
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A new 23,000-square-foot lab and office facility was recently designed and constructed by Cummings' in-house team for Absorption Systems (12 Cabot Road, Woburn). The company is a leading scientific, non-clinical CRO that provides pharmaceutical, biotech, and medical device companies and regulatory agencies with research and testing for small molecules, cell and gene therapies, ocular, and medical device products. The project was overseen by Benjamin Bronfin, senior director of operations.
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Exciting life sciences updates are in the works at our Dunham Ridge campus in Beverly. In the meantime, we are delighted to announce the signing of a lease for the second North Shore location of FRANK restaurant. Those who follow celebrity chefs will recognize Frank McClelland of Boston's legendary L'Espalier restaurant. One of the earliest pioneers of the farm-to-table trend, McClellan expects to open his Dunham Ridge location and headquarters at 48 Dunham Ridge by January.
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Azurity Pharmaceuticals (8 Cabot Road, Woburn) recently announced plans to acquire and merge with Arbor Pharmaceuticals. As reported in Boston Business Journal, the new firm will focus on patients with underserved conditions in the cardiovascular, central nervous system, endocrinological, gastrointestinal, and institutional markets.
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"The combination of the two companies, each steeped in rich legacies, will create a one-of-a-kind company leveraging increased scale and diversification, a breadth of dosage forms, integrated capabilities, and expanded market presence to better serve our patients' needs."
Amit Patel, Ph.D.
Chairman and CEO, Azurity
August 24, 2021
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Folia Materials (390 West Cummings Park, Woburn) was recently featured in The Boston Globe by "Innovation Economy" reporter Scott Kirsner. Folia has developed silver-coated face masks with anti-viral properties. The technology has other applications as well, such as water filtration. Folia founders Jonathan Levine, Ph.D. and Theresa Dankovich, Ph.D., are seen here in their Woburn lab.
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Photo credit: David L. Ryan, The Boston Globe
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Make new professional connections and gain visibility for your life sciences enterprise via this newsletter. If you have news to share, contact Sue Howland at svh@cummings.com. Please forward this edition to additional members of your team or others in your network who would benefit from its informative content, or send us email addresses for colleagues who would like to receive future updates.
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North Shore InnoVentures Growing Blue Economy |
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North Shore InnoVentures (NSIV) is among the local partners in UMass Amherst's plan to build and implement a sustainable and resilient "blue economy" ecosystem on the North Shore.
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"Our goal is to help startups in the 'BlueTech' innovation space by providing a similar model to our existing incubator program for both life sciences and cleantech," said Chris Ilsley, president and CEO of NSIV. "For BlueTech startups, this might include a package of tangible assets, such as access to docks, vessels, and wet lab space, along with intangible resources, including guidance from marine law experts, business development, and other business services."
This effort will build on MetroNorth's growing strengths and create economic growth while preserving the health of the ocean. NSIV is already working with various local and statewide partners, and plans to develop a pipeline of startups and ideas. These activities will contribute to the creation of a North Shore Innovation ecosystem attracting overseas, institutional, and corporate interests to the region.
To get involved in NSIV's BlueTech efforts, please contact 978-867-0600.
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Biotech Week Boston - Presented digitally and at Boston Convention and Exhibition Center September 20-30. Read more.
MassBio Hybrid Forum: Ecosystem Workforce Challenges and Opportunities in the "Next Normal" - Wednesday, September 22, 8:00 AM - 10:00 AM at MassBio Hub, 700 Technology Square, Cambridge, and virtually. Register.
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North Shore Technology Council presents Biosciences Forum with Massachusetts Life Sciences Center President and CEO Kenn Turner - Tuesday, September 28, 12:00 PM - 1:30 PM (virtual). Register.
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Women Who Lead in Life Sciences, hosted by Boston Business Journal (via Zoom) Thursday, October 7, 9:00 - 11:00 AM. Register.
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Founder-Led Biotech Summit hosted by Pillar VC and Petri Bio. This free virtual summit convenes biotech founders, Ph.D.s, scientists, investors, and leaders. Reshma Shetty, co-founder of Ginkgo Bioworks, will present a keynote speech. Monday, November 1 to Friday, November 5. Register.
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Sneak Peek: Medford
To meet the demand for additional lab space in the Boston area, Cummings has proposed a two-story building addition at 200 Boston Avenue, just north of the soon-to-be-complete Green Line Extension. Conceived with the support of the Medford economic development office, the project features 39,000 GSF of lab-ready space on two upper levels and 2,000 GSF of amenity space on the ground floor. An additional parking level at the south end of the site is screened with a solar support structure.
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Existing clients or non-client readers can support the growth of fellow scientists or entrepreneurs, and earn a significant bonus, by referring a new leasing client to Cummings. In addition to lab and office suites, the 11 million-square-foot very local Cummings portfolio includes flex, medical, retail, and R&D space.
Our client referral program offers a bonus of $1 per square foot, with a minimum bonus of $1,000. Contact your account manager or visit our website to learn more or share a referral.
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Stunning drone footage of the Dunham Ridge campus is featured in a recently created two-minute video. The REview, a new video platform for the CRE industry, noted that the piece does a great job promoting this unique property with the rare use of voice-over, which viewers may recognize as that of Cummings Properties founder Bill Cummings.
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A beautiful new footbridge now connects the Dunham Ridge campus to scenic walking trails surrounding Norwood Pond. Leasing clients, campus visitors, and the community are invited to take advantage of this wonderful resource and bridge to "Dunham Island." |
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A resident of Elliott Landing condominiums, adjacent to Cummings Center, shared this photo of the new 32,000-square-feet Beverly Police station, built on the site of a $2 million land gift made by Cummings. Gloucester Daily Times featured a video tour of the facility with Chief John Lacheur.
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"MetroNorth" is So Much More
Readers may have noticed our recent references to the "MetroNorth" region. We join business executives, development leaders, and city and town officials in supporting economic growth in the north of Boston region, which includes - but certainly is not limited to - the North Shore.
Join us in showing that MetroNorth is the place to be today, by sharing your exciting updates through this publication to be distributed in the middle of each month.
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Have news to share? Please let us know! We are interested in company news, personnel changes, product launches, funding updates, events, and more. Contact Sue Howland, client engagement manager, at svh@cummings.com to share your news for upcoming newsletters. We look forward to hearing from you.
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