BUCKS COUNTY, Pa. – With all 306 Bucks County precincts reporting unofficial results very early Wednesday morning, it is projected that the board of the Bucks County Commissioners will continue
Millions of investment dollars are flowing to Pennsylvania Biotechnology Center, including a $5 million pledge from Bucks County Employees’ Retirement Board.
Leaders of the Buckingham biotech center, a nonprofit life sciences incubator, announced the pledge Wednesday. They said they were grateful local government leaders chose to invest in the Hatch Biofund, created two years ago to fund life science innovations through seed-stage member companies.
The Hatch Biofund Management team is working to raise $50 million to support companies that are members of the biotech center. The $5 million investment by the Bucks County Employees’ Retirement Board follows a $10 million commitment made two months ago by Daiichi Sankyo, one of the largest pharmaceutical companies in Japan with U.S. headquarters in Basking Ridge, New Jersey.
Pennsylvania Biotechnology Center (PABC) Announces $5 Million Investment from Bucks County Employees Retirement Board
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DOYLESTOWN, Pa., May 5, 2021 /PRNewswire/ The nonprofit Pennsylvania Biotechnology Center (PABC), one of the nation s most successful life sciences incubators, today announced a major pledge by a local government agency to invest in the Hatch Biofund.
The Bucks County Employees Retirement Board will invest up to $5 million in the Hatch Biofund, which is intended to support PABC-member companies. The Hatch Biofund was created by the Baruch S. Blumberg Institute, which manages the PABC.
The $5 million investment in the PABC by the Bucks County Employees Retirement Board follows a $10 million commitment made in March by Daiichi Sankyo, one of the largest pharmaceutical companies in Japan with a U.S. headquarters in Basking Ridge, N.J. Also last month, Provco Group LLC of Villanova, Pa., agreed to invest $