The Discovery Labs announced a massive addition to its 1.6 million-square-foot life sciences campus in King of Prussia, PA. The company will build a $1.1 billion, 680,000-square-foot development and manufacturing facility as a part of a joint venture with New York-based Deerfield Management.
The addition to The Discovery Labs campus will be known as the Center for Breakthrough Medicines, making The Discovery Labs the largest contract development and manufacturing organization in the world.
This development comes from the understanding that the cell and gene therapy companies expanding in Greater Philadelphia need more manufacturing capabilities to grow.
“What’s great about the King of Prussia location and the region, not just from the perspective of talent, is we’re very close to Europe on the East Coast,” Discovery Labs Executive Managing Director Audrey Greenberg said. “So we’ll be able to supply viral vectors and plasmids to much of the U.S., Europe and possibly even Asia Pacific, South America, and the Middle East.”
After the addition is completed, The Discovery Labs is expected to employ 2,000 people.
Listen to a recent Growing Greater podcast featuring entrepreneur and real estate developer Brian O’Neill who is re-imaging the space The Discovery Labs is located on as a fully integrated environment for Big Pharma, emerging biotech start-ups, high tech companies, venture capitalists, and more to cohabitate under one roof.