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"NYCEDC and Deerfield Management Partner to Create a Life Sciences Campus -- MATTER to Create LifeSci NYC's Newest Incubator"

  • Bio Space
  • New York, NY
  • (September 26, 2019)

New York City Economic Development Corporation (NYCEDC) and Deerfield Management, a New York City-based healthcare investment firm, announced a new partnership to redevelop a 12-story building located at 345 Park Avenue South into a life sciences campus as part of LifeSci NYC, a $500 million commitment to establishing New York City as a global leader in the life sciences. According to Erik Lium, PhD, executive vice president of Mount Sinai Innovation Partners, “NYCEDC has been a wonderful partner and this development demonstrates the agency's steadfast efforts to expand the City's life sciences and biotech ecosystem.” He added, “This facility will support advancing much-needed therapies and cures into the clinic to positively impact patient lives.”

— Erik Lium, PhD, Executive Vice President, Mount Sinai Innovation Partners

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