BDB LIFE SCIENCE NEWSLETTER - A YEAR IN REVIEW

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Posted by: Kristen Boyd on Thursday, September 26, 2019 at 12:00:00 am

Palm Beach County’s life sciences industry is not only fast-growing, but extremely collaborative. Home to world class research facilities, top-tier academic institutions, and a fantastic quality of life, Palm Beach County is the ideal location to open, relocate, or expand a life sciences company.

Since October 2018, the BDB has held over 100 meetings with local life sciences stakeholders, resulting in new economic opportunities in our community.  As a result of direct introductions made by the BDB, new companies have moved to Palm Beach County, local companies have obtained financing for expansions, and several companies have moved into new facilities in the area. During the BDB's 2018-2019 fiscal year, BDB’s work has had a significant economic impact on the local life sciences industry, including supporting the creation of jobs in Palm Beach County by the below companies:

THE FUTURE

The BDB is currently working with life science companies that could bring more than 600 additional jobs to Palm Beach County in the first half of 2019. Following our Life Sciences Industry Action Plan, BDB's 2019-2020 fiscal year will be focused on enhancing the vertical entrepreneurial support ecosystem in the life sciences sector.  Namely, BDB will focus on facilitating creation of more resources for early stage companies, including space, funding, and expanded opportunities for collaboration.

 

HOW YOU CAN HELP

If you know of a life science company that is considering an expansion in our community or may consider a relocation to Palm Beach County, please connect them with the BDB's Vice President of Life Sciences, Robert Mino. The BDB provides complimentary, confidential services such as expedited permitting, making the right local connections, access to talent, access to available grants, site tours, and so much more. The BDB is also seeking introductions to local potential life sciences investors and industry-experienced mentors as we move forward with the 2019 initiatives to support growing life sciences companies.  We appreciate the continued, strong support from BDB members; Your investment in the BDB make our work possible. 

Contact BDB VP of Life Sciences >


BDB LIFE SCIENCE PROJECTS:

STRIDES PHARMA:

Strides Pharma, one of the world's leading manufacturers of soft gelatin capsules (SGC), has acquired Micelle BioPharma, located in Riviera Beach. Strides Pharma will occupy the full 90,000 sq. ft. facility and employ 150 people. The company plans to invest over $10 million into the local economy.

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TWO LIFE SCIENCE STARTUPS: 20Lighter and Secret Sequence

A number of life science startups are opening offices in Palm Beach County after being accepted into FAU Tech Runway®’s seventh class, known as “Venture Class 7.”  Two of these accepted companies applied as a result of a connection facilitated by the Business Development Board of Palm Beach County (BDB).

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BEACON OF HOPE CRO:

Beacon of Hope CRO, a Clinical Research Organization created specifically to facilitate drug development in expanded access programs through the Right-to-Try (RTT) law, will be a new addition to Boca Raton. The company signed a lease at the Research Park at FAU’s Technology Business Incubator and over the next two years expects to create 10 new jobs as part of a capital investment of $3 million.

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EXPANSION THERAPEUTICS:

Expansion Therapeutics, a biotechnology company focused on advancing transformative medicines to patients with RNA-mediated diseases, is progressing its business development plans in Jupiter.

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CAPZER PHARMACEUTICALS:

Capzer Pharmaceuticals, a world-class cGMP testing and development laboratory, will create 10 new jobs to its existing workforce of scientists and will expand to include pharmaceutical manufacturing capabilities to their services.

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ALGAFEED:

The Business Development Board of Palm Beach County (BDB) assisted the expansion of Algafeed, an algal production company located in Jupiter. Algafeed grows high density, nutritional, natural microalgae to be used as live feed for shrimp, shellfish, and fin fish farms. With a capital investment of $6 million, the company plans on adding 40 new jobs to its existing workforce of 13 to meet the increased demand in production, laboratory and administrative needs. 

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GIFT OF LIFE:

Gift of Life Marrow Registry, a company saving lives for those suffering from certain blood cancers by matching marrow and stem cell donors with those in need, has officially moved into its new 17,465 sq. ft. global headquarters for Bone Marrow Registry & Collection Center.

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CYTONICS:

Cytonics, a biotechnology research and development company with game-changing therapies in the osteoarthritis (OA) industry, is expanding in Jupiter. 

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BEACON CENTER FOR LIFE SCIENCE & RESEARCH IN JUPITER:

As part of Beacon’s move to Jupiter, the company will build a state-of-the-art life sciences accelerator and biologics synthesis facility to support up to 50 companies in which the firm plans investments. This new headquarters will be a building up to 200,000 sq. ft. in Jupiter, creating an estimated more than 137 new jobs with a capital investment of approximately $80 million.

READ MORE >

 

OTHER INITIATIVES:

NEW CAREER TALKS WITH FUTURE LIFE SCIENCE WORKFORCE

BDB Vice President, Robert Mino, launched a new initiative this year to talk with students and future sceintists about the possible career paths in Palm Beach County's life science industry. A couple of events this year included one at Scripps Florida, as well as Lynn University.

 

BDB AWARDED HEALTH CARE INNOVATION AWARD:

The Palm Beach County Medical Society presented the "Innovation in Health Care" award to the BDB to recognize “Heroes in Medicine”. In attendance were nearly 1,000 medical professionals, business leaders, and other participants to celebrate the Palm Beach County Medical Society's 100 years of service. It’s because of the support from the BDB’s partners, as well as the BDB Life Science Advisory Council, that Palm Beach County is staying ahead of the game in innovative economic development strategies. BDB Board of Directors Gary Lesser of Lesser, Lesser, Landy & Smith and Richard Rendina of Rendina Healthcare Real Estate were presenters during the ceremony.

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BDB HOSTS LIFE SCIENCE LUNCHEON:

The BDB brought together nearly 300 of Palm Beach County's influential leaders to learn about the the life sciences. Each year, the BDB promotes the life science industry through an annual luncheon showcasing different professionals within the the industry.

 

MARKETING:

Annual Profile Magazine:

 

Quarterly Palm Beach County Business Magazine (Summer 2019):

Quarterly Palm Beach County Business Magazine (Winter 2019):

New BDB Life Science Brochure:


For more information or questions regarding the life sciences, please contact:

Robert P. Mino, JD, MBA, MS

Vice President, Life Sciences

Business Development Board of Palm Beach County

310 Evernia Street, West Palm Beach, FL 33401

(O) 561.835.1008, Ext 4109 | (C) 561.324.0731 | rmino@bdb.org

 

 

 

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