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The True Boom For Philly's Life Sciences Industry Won't Be Until Late 2022


The True Boom For Philly s Life Sciences Industry Won t Be Until Late 2022
Courtesy of The Discovery Labs
A rendering of the Center for Breakthrough Medicines, a cell and gene therapy manufacturing facility at The Discovery Labs in King of Prussia, Pennsylvania
Only a small portion of vacant office space or other uses could be reasonably converted to life sciences usage, meaning the next availability of any real size to come online will be in late 2022, panelists at
Bisnow’s Philly Life Sciences Update digital summit on Wednesday. Until then, perhaps the most important thing that business leaders, city officials or anyone invested in the success of the industry can do is create the conditions for that success to be sustainable and equitable. ....

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New Hahnemann landlord aims to keep Drexel labs in Philly, as school eyes move to former GSK site in Montgomery County


New Hahnemann landlord aims to keep Drexel labs in Philly, as school eyes move to former GSK site in Montgomery County
Jacob Adelman, The Philadelphia Inquirer
© TIM TAI/The Philadelphia Inquirer/TNS
Drexel University could move its medical school labs to Montgomery County when its lease expires at the New College Building on the Hahnemann University Hospital campus expires in 2022.
Investment group Iron Stone Real Estate Partners has a deal to buy a section of the former Hahnemann University Hospital campus on North Broad Street that’s partly occupied by Drexel University’s medical labs.
But Drexel may not be sticking around for long: It is in talks to move those researchers to GlaxoSmithKline’s former pharmaceutical plant in Montgomery County. ....

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