LOS ANGELES, June 7, 2018 /PRNewswire/ -- From cancer-fighting therapies to groundbreaking models for emergency care
The Torrance-based center, considered among the foremost independent non-profit medical research institutes in the U.S, continues to set the pace for biotech innovation in the Los Angeles and Orange County region.
Genetic Engineering & Biotechnology News (GEN) has highlighted LA BioMed as the centerpiece of a growing biotech cluster in Los Angeles and Orange County.
The influential digital and print publication ranked the Los Angeles / Orange County region as 9th in its annual ranking of the Top 10 BioPharma Clusters in the U.S. Regional clusters spur medical and therapeutic innovation by attracting researchers, executives and investors. The rankings are based on NIH funding, venture capital, patents, lab space and jobs.
"LA BioMed is home to groundbreaking biomedical research and the development of breakthrough therapies that save lives," said LA BioMed CEO David Meyer. "The work of our researchers and scientists has led to countless positive social impacts. We are proud LA BioMed is an essential piece to one of the nation's most influential and fastest-growing biotech clusters."
In the annual rankings, GEN highlighted LA BioMed's ability to attract funding and provide lab space for research. While the region's biotech industry is expected to continue to grow, lab space remains the region's biggest challenge, according to GEN.
Further cementing its status as an anchor of the region's growing biotech industry is LA BioMed's 11.5-acre research park adjacent to Harbor-UCLA Medical Center in Torrance. In early 2019, a new $63 million building will open that can house over 25 LA BioMed spinoff and outside startup companies dedicated to developing new therapies.
Along with lab space and an 18,000-square-foot bioscience incubator, the building will include a 160-seat lecture hall, conference rooms, a data center, numerous offices and a freezer farm for bio-banking of tissue samples. Funding for the incubator was provided by Los Angeles County and philanthropists Melanie & Richard Lundquist.
About LA BioMedLA BioMed is an incubator of innovation with a global reach and a 66-year reputation of improving and saving lives. Driven by the positive social impacts of breakthrough therapies, the Southern California-based incubator and research institute – with over 100 principal investigators (PhDs, MDs and MD/PhDs) working on over 600 research studies, including therapies for multiple orphan diseases – is an essential element to one of the nation's top-ten biotech clusters. Find out more at https://labiomed.org.
View original content:http://www.prnewswire.com/news-releases/la-biomed-helps-drive-la-countys-ranking-as-national-top-10-biopharma-cluster-300662007.html
SOURCE LA BioMed
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