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 of the largest pharmaceutical companies in Japan with a U.S. headquarters in Basking Ridge, N.J., in March, and a $2 million investment pledge from Provco Group LLC of Villanova, Pa. Hatch Biofund’s leadership hope to raise $50 million with a first close in the coming months.

Related Keywords

Japan , Louisp Kassa , Robertj Harvie Jr , Daiichi Sankyo , Provco Group , Baruchs Blumberg Institute , Pennsylvania Biotechnology Center , Pa Biotechnology Center , Biotechnology Center , Bucks County Employee Retirement , Basking Ridge , Hatch Biofund , Bucks County , County Commissioner Robert , ஜப்பான் , தய்ச்சி சாங்கியோ , பென்சில்வேனியா உயிரி தொழில்நுட்பவியல் மையம் , பா உயிரி தொழில்நுட்பவியல் மையம் , உயிரி தொழில்நுட்பவியல் மையம் , பாஸ்கிங் ரிட்ஜ் , ரூபாய்கள் கவுண்டி , கவுண்டி ஆணையர் ராபர்ட் ,