Belgian Biotech Firm Finds a Home In Philadelphia; Eurogentec To Base U.S. Operations At The Science Center.Business Editors/Health & Medical Writers PHILADELPHIA--(BUSINESS WIRE)--Sept. 26, 2002 Belgian biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. firm Eurogentec has dropped anchor at Philadelphia's University City Science Center. The Liege-based company, which is Europe's second-largest maker of specialized oligonucleotides for the genetic research industry, is now in the process of opening its first U.S. office, and has decided to locate it in the Science Center--Greater Philadelphia's premiere high-tech business accelerator and developer of entrepreneurial communities. "We looked across the U.S. for a location for our first office here," said Eurogentec's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Jean-Peirre Delwart. "Because of its proximity to the major markets of the East Coast, as well as the high level of biotech work being done in Philadelphia itself, we decided this is where we should be." Since 1985, Eurogentec has grown into Europe's leading producer of specialty oligonucleotides and products for the life-science community, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Antonio Soares, general manager of Eurogentec's U.S. operations. "We are able to offer our customers integrated solutions, whether they use DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. , antibodies, peptides or proteins as research tools," Soares said. Eurogentec also offers research and development services for the biopharmaceutical industry. Last year, Eurogentec was named Belgium's Entrepreneur of the year. A spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. from the University of Liege liege In European feudal society, an unconditional bond between a man and his overlord. Thus, if a tenant held estates from various overlords, his obligations to his liege lord, to whom he had paid “liege homage,” were greater than his obligations to the other , Eurogentec is a leading supplier to genomic genomic pertaining to a genome. genomic clone see clone. genomic DNA the DNA sequences making up the genome of an individual. genomic library see gene bank. and proteomic researchers in the pharmaceutical and biotech industries, as well as academic researchers. Soares said that two of Eurogentec's largest potential distributors were located in the region, Fischer Scientific in New Jersey and VWR International VWR International is a global leader in the distribution of research laboratory products, with over 1,200,000 items to more than 250,000 customers in North America and Europe. The U.S. division is headquartered in West Chester, Pennsylvania. in Pennsylvania. This was another major inducement Inducement Electra incited brother, Orestes, to kill their mother and her lover. [Gk. Myth.: Zimmerman, 92; Gk. Lit.: Electra, Orestes] Hezekiah exhorts Judah to stand fast against Assyrians. [O.T. for Eurogentec to locate in the Philadelphia region. "These two are like the Sears and Wal-Mart in the industry," Soares said. Pennsylvania Governor Mark Schweiker welcomed the arrival of Eurogentec into the region. "Pennsylvania scores another big win with Eurogentec's decision to locate its first U.S. office in Philadelphia," Gov. Schweiker said. "As an industry leader in genetic research, Eurogentec recognizes Pennsylvania's strength as a biotech leader. More importantly, biotech companies are discovering that Pennsylvania is the ideal spot for life-sciences businesses to grow and prosper." Soares said Eurogentec was attracted to the Science Center because of the ease by which he could set up shop. "This is a completely plug and play environment, which has allowed us to quickly move in and begin operations." The Science Center is one of the oldest and largest urban research parks The following is a list of science parks, research parks, technology parks and biomedical parks of the world, organized by continent. Research Parks in America There are over 130 university research parks in North America today. in the world, and has nurture NURTURE. The act of taking care of children and educating them: the right to the nurture of children generally belongs to the father till the child shall arrive at the age of fourteen years, and not longer. Till then, he is guardian by nurture. Co. Litt. 38 b. and helped launch over 250 high-tech companies over it's 39-year history. Jill Felix, President/CEO of the Science Center, said Eurogentec's arrival demonstrates that Philadelphia is becoming known as a global hub for the biotech industry. "This region has tremendous resources with its concentration of world-class universities, private labs and biotech companies," Felix said. "The Science Center's job is to make sure that companies like Eurogentec are able to maximize these resources to create even more wealth and jobs in the region." University City Science Center: The Science Center is a developer of entrepreneurial communities and has helped nurture and launch over 250 technology companies. Established in 1963 and owned by a consortium of 34 academic and scientific institutions, the Science Center actively fosters collaboration among its shareholder institutions and the private sector to promote the commercialization of new technology and the creation of regional wealth. The Science Center has also assisted in the development of research parks around the world including Kyoto, Japan; Sydney, Australia; Oxford, England; and Bangkok, Thailand. www.ucsc.org Eurogentec: Tel: 215.966.6135: a.soares@eurogentec.com, www.eurogentec.com |
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