New Strategic Collaboration to Support Regional Biotech Startups
The Wistar Institute & Pennsylvania Biotechnology Center Form Strategic Collaboration Supported by Brandywine's Life Science Incubator, B+labs
PHILADELPHIA — (MAY 9, 2023) — The Wistar Institute has formed a new strategic collaboration with the Pennsylvania Biotechnology Center (PABC) and the Baruch S. Blumberg Institute to accelerate the advancement of “bench to bedside” biomedical research discoveries in the tri-state region by collectively supporting the seeding, launching and maturation of life science startups.
The Wistar Institute is a Philadelphia-based world leader in discovery science in the areas of cancer, immunology and infectious disease. The PABC is a highly successful nonprofit incubator promoting regional economic development and fostering the development of startup companies in the life sciences. The Blumberg Institute, which manages the PABC, is a nonprofit organization focused on translation research in the life sciences. The two organizations share a campus with their sister institution, the Hepatitis B Foundation, in Doylestown, Pennsylvania.
The PABC and Blumberg Institute will leverage the institute’s scientists and the PABC’s member companies and collaborative entrepreneurial ecosystem with Wistar’s growing pipeline of technologies including NK and T-Cell engaging antibodies, multivalent biologics, small-molecule oncology and immunooncology therapies, cell and gene therapies, and vaccine and diagnostic assets.
As Wistar’s SVP of Business Development and Executive Director of Technology Transfer Heather A. Steinman, Ph.D., MBA, explained, “Through this important collaboration, we see the opportunity to leverage Wistar’s pre-clinical assets in both oncology and infectious diseases with PABC/BSBI’s access to capital, infrastructure and life science sector talent pool to further enhance the innovation ecosystem in the region.”
This collaboration will involve use of B₊labs at Cira Centre, a state-of-the-art incubator in University City, which is managed by the PABC and was conceived, designed and built by Brandywine Realty Trust. Jerry Sweeney, President & CEO of Brandywine Realty Trust, said he is pleased to be furthering the advancement of Philadelphia’s life sciences community.
“This is a welcome reminder of the powerful possibilities that collaborations like this can generate,” Sweeney said. “We’re delighted to provide the physical platform to support the promising startups at B+labs at Cira Centre and look forward to seeing their missions become realized through this dynamic ecosystem.”
Louis P. Kassa III, MPA, Chief Executive Officer of the Hepatitis Foundation, Blumberg Institute and PABC foresees this collaborative model as a prototype to attract talent, new capital and support startups more broadly throughout the Pennsylvania, New Jersey and Delaware life sciences cluster.
“This agreement represents a major new chapter in the PABC’s progress and the evolution of the Blumberg Institute,” Kassa said. “We’re thrilled to be collaborating with The Wistar Institute and we see our relationship growing significantly in the years and months ahead.”
Through their new collaboration, The Wistar Institute and the Pennsylvania Biotechnology Center are planning to co-host a new translational science seminar series, as well as an early-stage life sciences startup how-to seminar series for supporting trainees and entrepreneurial scientists to advance basic research discoveries to clinical therapies.
Read more about this strategic collaboration: Wistar Insitute and Pennsylvania Biotech Center partner to accelerate life sciences startup growth in region