Page 46 - 2020 Westchester Economic Development Guide

Biotech
Fueling Biotech Growth
Westchester boasts key industry leaders, a new 99-year lease for a 60-acre hub of biotech and medical technology and the region’s leading Biotech incubator.
A New Vision
Recently expanded, collaborative worksspace at BioInc@NYMC
BioInc@NYMC
As the Hudson Valley’s only biotech- nology incubator, BioInc@NYMC of- fers shared resources, turnkey wet lab space, and sponsored professional services to promising, high-potential entrepreneurs and start-ups.
Here, Salomon Amar, D.D.S., Ph.D., vice president of research at New York Medical College and provost for biomedical research discusses recent expansion, a milestone anniversary and upcoming plans for the space.
On the space’s fifth anniversary
We opened in 2014 at the end of October, and in October 2019—ex- actly five years after BioInc@NYMC first opened its doors, we completed a physical expansion. Adding 10,000 feet in brand new office space, co-working desks, an outdoor patio and kitchen, the newly expanded BioInc@NYMC affords its clients space to host events,
participate in educational seminars and work collaboratively.
On new opportunities for collaboration
Having this additional space helps create a more collaborative community. It adds a place to gather, and offers an environ- ment where you can learn from the peo- ple around you. The new space helps clients grow and expand in partnership.
On noteworthy member companies
MediSprout is a video medical platform. Sapience Therapeutics, a biotechnol- ogy startup that focuses on devel- oping novel oncology therapeutics has been with BioInc@NYMC from the start and is now preparing for FDA approval. Retia Medical has FDA ap- proval to monitor operating rooms and intensive care units.
On future plans
We have a beautiful new space and
will look to continue to fill it with exciting start-ups developing new biotechnologies.
North 60
North 60 is sixty acres of land in Valhalla that will be developed by Fareri Associates to create an innovative hub with a focus on biotech and medical technology research and development, together with retail and hotel space.
Signed in late 2019, the 99-year lease provides for the development
of the property in accordance with a Master Development Plan in phases. The first phase requires the developer to create 220,000 square feet devot- ed to biotech and medical technology use, 100,000 square feet in medical office space, 80,000 square feet in retail space and a hotel with 120 rooms and conference facilities.
Biotech by the Numbers
• 80 biotech companies
• 8,000 employees
• 20 percent of New York State’s
biotech workforce
Major Biotech Employers
With nearly 500 employees, Ardsley- based Acorda Therapeutics markets Ampyra, which improves walking in people with multiple sclerosis.
Based in Tarrytown, Regeneron Pharmaceuticals, Inc. is the state’s largest biotech company. With more than 5,000 employees, the company was ranked by Science magazine as the world’s number one employer
in the biotech and pharmaceutical industry. Regeneron employs 2,000 employees at its Westchester corpo- rate headquarters and state-of the-art laboratory facilities. The company occupies nearly 1.5 million square feet of space in Westchester County. Regeneron expanded its Westchester footprint with the purchase of 1 Rockwood Road in Sleepy Hollow.
Learn more about RMC BIO1, the new Biotech-related venture of Real Estate developer Robert Martin Company, in the real estate section on page 46.
“We provide robust advice, mentoring and infrastructure services. Our role is to foster our innovative startups, providing them access to the elements they need to succeed such as affordable space and equipment and the opportunity to meet and connect with other professionals.” —Salomon Amar, D.D.S., Ph.D., of BioInc@NYMC
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WESTCHESTER COUNTY ECONOMIC DEVELOPMENT GUIDE
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