A new life science incubator in Stanford Research Park will serve as an anchor for a thriving life science district that directly connects Stanford’s biomedical research and hospitals with industry partners to accelerate new medicines.
The Massachusetts Center for Advanced Biological Innovation and Manufacturing has obtained $76 million in funding and signed a lease for a 40,000-square foot site in Watertown, Mass. for the manufacturing and innovation of new biotechnologies, it announced in a press release Thursday.
A public-private partnership led by Harvard and the Massachusetts Institute of Technology, CABIM was formed in late 2019 to foster partnerships between academics, biopharma, and medical leaders to accelerate the production and delivery of new treatment technologies to patients.
Harvard led the fundraising effort, along with other founding members of CABIM including MIT, FUJIFILM Diosynth Biotechnologies, Cytiva, and Alexandria Real Estate Equities, Inc., which owns and operates the business park where the center will be located, called The Arsenal on the Charles.