DOYLESTOWN, PA, September 13, 2005-BioStrategy Partners, Inc. (BioSP), a virtual incubator for pre-seed and early stage life sciences companies in the tri-state area, announced today that The Lankenau Institute for Medical Research (LIMR) has become a Platinum member of the organization.
Located in suburban Philadelphia, on the campus of Lankenau Hospital, LIMR’s biomedical researchers and clinical scientists conduct research into the causes of cancer and heart disease with the goal of improving their treatment and prevention.
“We are delighted to welcome LIMR to our organization,” said Dr. Carolyn D’Arville, BSP’s founder and president. “Its history and prestige as a research organization support our mission to help the earliest stage life sciences technologies in the region move through to their next level of commercialization.”
As a Platinum supporter, LIMR will assist in this effort by allowing BioSP companies use of wet lab space and office facilities. In addition, LIMR will become a premier site for BioSP forums, seminars and events. LIMR faculty will also act as a resource for BioSP clients in need of project support, explained D’Arville, while BioSP, in turn, will perform due diligence on prospective technologies for incubation at LIMR.
“This partnership will benefit both BioSP and The Lankenau Institute,” said LIMR president, George C. Prendergast, PhD. “LIMR has its roots in biomedical research in the Philadelphia area, dating back to the 1800’s. We are proud to be continuing that tradition by helping to educate the next generation of clinicians and biomedical researchers, both on campus, and now, through our relationship with BioSP.”
LIMR joins the law firm of Fox Rothschild, LLP as a Platinum member. Fox Rothschild is a 300-attorney regional law firm that includes a Pharmaceutical and Biotechnology Practice Group specializing in intellectual property protection, licensing, regulatory issues, litigation and finance. Fox Rothschild is a Founding Member of BioSP and has been a strong and vital supporter of the start up activities of this non-profit Virtual Incubator, from its earliest emergence.
Established in 2004, BioSP believes that helping startup companies to develop and grow will lead to successful economic development and the fulfillment of promising breakthroughs in medicine and biotechnology. Members apply their portfolio of extensive experience and strength in both scientific due diligence and business acumen to enable early and emerging companies in the life sciences industry leverage their discoveries. Among the services BioSP offers its client companies are: business coaching and mentoring, networking and training events, and corporate development services in the clinical, regulatory, human resources, information technology, intellectual property, legal and marketing areas. For further information, visit the BioSP website, www.biosp.com.
