Alexandria Real Estate Equities

NEW YORK (GenomeWeb News) – The National Center for Advancing Translational Sciences has leased a 75,000-square-foot space at the Shady Grove Life Sciences Center in Rockville, Md., Alexandria Real Estate Equities said today.

The chairman, CEO and founder of Alexandria Real Estate Equities told GenomeWeb Daily News that New York's academic and nonprofit research institutions will be among those who stand to benefit from the life sciences campus, the first phase of which it recently completed on Manhattan's East Side.

An Alexandria official would not discuss whether the deal would hasten a decision to begin the project's second phase, which has been delayed due to the ongoing economic upheaval.

"They're on a 15-year lease, and they don't have a right to terminate for 10 years," said the CEO of Alexandria Real Estate Equities.

The decision, made less than a year after Pfizer penned the deal, reflects a study of its space needs in light of its planned $68 billion acquisition of Wyeth, as well as simple economics. The departure is also a setback for Mission Bay and the Bay Area's lab space market.

HCP and BioMed Realty, two of the nation's largest publicly-traded owners of life sciences space, offered largely upbeat updates on their businesses this week following the release of their quarterly financial results.

An influx of managerial and scientific talent due to layoffs from financial institutions and pharmaceutical companies, coupled with new incubator space, could help build a university-fueled life sciences cluster in the New York region, said tech-transfer experts at last week's New York Biotechnology Association meeting.

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The state said it will spend $463 million to add 40,000 square feet to the Jacob K. Javits center, among other space, bringing the total exhibit area to 715,000 square feet and making it the nation's 18th largest convention center.

The deal brings to six the number of academic institutions from which Fate has licensed IP related to using small molecules to induce pluripotency in stem cells for therapeutic effect, drug discovery, and matched cell-replacement therapies.

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The Seattle Times writes that pharmacogenomics testing can help choose medications that may work best for people with depression.

Researchers report that deleting one gene from butterflies affects their wing coloration patterns, according to the Washington Post.

In PNAS this week: genome sequencing of weevil symbionts, retinoid X receptor deletion in lung cancer metastasis, and more.

Sequencing could help combat foodborne illnesses, according to a blog post by Food and Drug Administration officials.