Worcester Life Sciences Firms Get MassDev Loans
MassDevelopment said it's given equipment loans to two life sciences companies that started at Massachusetts Biomedical Initiatives incubators in Worcester.
Blue Sky Biotech, a contract manufacturer of proteins and other biological products for pharmaceutical firms, received a $300,000 loan to buy new laboratory equipment for its new space at Worcester Polytechnic Institute's Gateway Park at 50 Prescott St.
Blue Sky also received funds from MassDevelopment in 2010 for the construction of its new labs and offices and will celebrate its 10th anniversary next month. Its new space is larger and helps accommodate the firm's workforce, which has grown, since 2003, from two employees to 39.
Meanwhile, Nemucore Medical Innovations Inc., which focuses on developing nanomedicines to treat ovarian cancer, received $150,000 for lab equipment.
Nemucore has leased 22,000 square feet at MBI's 55 Union St. facility and has been working with the organization to redevelop the space since 2010. Now in its sixth year, Nemucore is developming treatments that will combat multidrug-resistant ovarian cancer.
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