Local

ElevateBio to bring life sciences lift to $250M BioForge vision at Hazelwood Green

ElevateBio to bring life sciences lift to $250M BioForge vision at Hazelwood Green First came the plan with a historic nine-figure sum of financial backing.

PITTSBURGH — First came the plan with a historic nine-figure sum of financial backing.

Now, the Richard King Mellon Foundation and the University of Pittsburgh have landed an anchoring life sciences industry partner to jumpstart a major project at Hazelwood Green to help launch a largely new industry for the region.

After announcing a $100 million dollar gift to help launch such a development last November, the RK Mellon Foundation and the University of Pittsburgh have now announced Cambridge, Massachusetts-based ElevateBio LLC as the new strategic partner to help build and activate the new Pitt BioForge, a specialized biomanufacturing facility.

David Hallal, chairman and CEO of ElevateBio, said his company has reached a 30-year agreement to locate his company’s next “BaseCamp” process development and manufacturing facility in Pittsburgh.

Click here to read more from the Pittsburgh Business Times.

Download the FREE WPXI News app for breaking news alerts.

Follow Channel 11 News on Facebook and Twitter. | Watch WPXI NOW

0