A new campus for biotech and pharmaceutical companies on Manhattan’s East Side is scheduled to open this month.
According to a report filed by WNYC.org, the Alexandria Centre for Science and Technology at East River Science Park is expected to turn New York into a biotech research hub. Its first tenant, Eli Lilly’s cancer treatment division ImClone, will relocate from Manhattan’s Hudson Square neighborhood, just across town, added the publication.
As far as the strength of the location is concerned, it has been stated that Alexandria is developing an integrative and collaborative first-in-class, life science and technology campus in an ideal location, proximate to innovative research and development, technology and finance.
The development is also expected to result into new biotech jobs. As per the information available, when the tower is fully occupied, it will house 500 jobs new to New York City.
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