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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.

Louisp kassaRobertj harvie jrDaiichi sankyoProvco groupBaruchs blumberg institutePennsylvania biotechnology centerPa biotechnology centerBiotechnology centerBucks county employee retirementBasking ridgeHatch biofundBucks countyCounty commissioner robertதய்ச்சி சாங்கியோபென்சில்வேனியா உயிரி தொழில்நுட்பவியல் மையம்பா உயிரி தொழில்நுட்பவியல் மையம்