Biotech’s Builder: How Pharma’s Landlord Could Benefit From The Drug Boom

In Manhattan, overlooking the East River and sandwiched between New York University Langone Medical Center and Bellevue Hospital, two gleaming 16-story towers act as beacons to the booming biotech sector. Completed in 2010, the 310,000-square-foot Alexandria Center for Life Science is already 100% occupied. It contains a hub for Eli Lilly’s cancer business and a Pfizer PFE -0.04% lab dedicated to exploring leads generated by academic researchers.

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