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TEAM WORKING TOGETHER TO BRING BIOTECHNOLOGY MANUFACTURING CENTER TO
CAMBRIDGE, MA. - July 7, 2003 /Send2Press Newswire/ -- York Street LLC
(www.yorkstreetllc.com) a developer of real estate for biotechnology
manufacturing, development and research today announced that it has
reached agreement with three leading Massachusetts-based companies
supporting the Biotechnology community to work together to bring
large-scale biotechnology manufacturing to Massachusetts.
are with PAREXEL International Corporation, a leading biopharmaceutical
outsourcing organization. PAREXEL has approximately 5,100 employees
worldwide and played a role in developing 23 of the 25 top drugs
introduced in 2000. BioMetics Inc. a leading Biomedical Process Management
company focusing on the key manufacturing areas of process definition,
development and scale-up; Shooshanian Engineering Inc. a nationally
recognized mechanical and electrical engineering consulting firm
specializing in study, design, and construction services of biotechnology
"Our first manufacturing location is in Western Massachusetts and provides
a facility that has 28% lower labor costs and 22% lower real estate costs
yet is a short drive to the key research locations in Cambridge and
Boston," noted Samuel J. Kline, Managing Partner at York Street LLC. "We
believe that the lower costs when combined with easy access to key
research sites will reduce time-to-market for new drugs."
Andrew W. Morffew, President of PAREXEL'S Consulting Group, said, "We
believe that biotechnology manufacturing has become a very high technology
function and access to the trained and educated workforce from the area's
regional colleges and universities will be a key success factor for
companies that have growing bio-manufacturing operations."
"BioMetics has seen a trend for increasing interaction between research
and manufacturing within a company and creating a low-cost manufacturing
location within easy reach of the research organization will be a key
factor to smooth the transition to volume production", commented Stephen
W. Fitzpatrick, PHD, President of BioMetics Inc.
According to Shooshanian Engineering Inc. CEO Robert A. Gracilieri, "We
believe that this team brings together the key elements that will create a
center for biotechnology manufacturing in Massachusetts and provide a
natural expansion of the concentration of biotech research efforts located
in Eastern Massachusetts."
About York Street LLC.
York Street LLC ( www.yorkstreetllc.com ) is a privately held company that
targets real estate development in the key area of Biotechnology
Manufacturing and development. York Street builds custom facilities to
meet the specific needs of Biotechnology companies. Contact Samuel J.
Kline, Managing Partner (firstname.lastname@example.org 781-378-1212).
About PAREXEL International Inc.
PAREXEL International Corporation is one of the largest biopharmaceutical
outsourcing organizations in the world providing a broad range of
knowledge-based contract research, medical marketing and consulting
services to the worldwide pharmaceutical, biotechnology and medical device
industries. With a commitment to providing solutions that expedite
time-to-market and peak market penetration, PAREXEL has developed
significant expertise in clinical trials management, data management,
biostatistical analysis, medical marketing, clinical pharmacology,
regulatory and medical consulting, industry training and publishing and
other drug development consulting services. PAREXEL's integrated services,
therapeutic area depth and sophisticated information technology, along
with its experience in global drug development and product launch
services, represent key competitive strengths. Headquartered near Boston,
MA, PAREXEL operates in 58 locations throughout 36 countries around the
world, and has approximately 5,100 employees.
About BioMetics Inc.
Located in Waltham, Massachusetts BioMetics, Inc. provides engineering,
design, construction, validation, CGMP consulting and project management
services for biopharmaceutical and environmental technology companies. We
deliver the highest quality of services to our clients, adding value to
each project through innovative approaches to design and cost containment.
About Shooshanian Engineering Inc.
Founded in 1961, in Boston, Massachusetts, Shooshanian Engineering is a
nationally recognized mechanical and electrical engineering consulting
firm specializing in study, design, and construction services of
mechanical, electrical, plumbing, fire protection and communication
technologies systems for commercial, industrial, institutional,
biotechnology and telecommunications facilities.
Shooshanian has over 140 engineering professionals with offices in Boston
and Houston with expertise in energy management, building management
controls, commissioning, communication technologies, project management
and construction administration.
Source of news:
York Street LLC
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