In Baltimore, a Shortage of Wet Lab Space Poses an Economic Bottleneck
Shortly after the news dropped, Nick Fullenkamp began scouring for space to accommodate his team’s future.
Avidea Technologies, a Baltimore-born developer of immunotherapies, had been acquired in December in a splashy $40 million deal by high-profile UK biopharma firm Vaccitech. The 14-employee startup, since folded in as Vaccitech’s North American subsidiary, would be doubling in size and needed a true home base after the five years it spent growing in Johns Hopkins Tech Ventures’s (JHTV) FastForward 1812 incubator in East Baltimore.Fullenkamp’s search led him up and down I-95. Staying in Baltimore was on the table in at least one space, but ultimately, a larger build-out allowance in Montgomery County and a landlord experienced with managing lab spaces were too enticing to pass up. While the exact location remains publicly unannounced until a lease is signed, Vaccitech US is set to move in early next year.
Read the full article at: technical.ly
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