PHILADELPHIA, PA, November 15, 2010 — Integral Molecular, Inc. and the University City Science Center announced today that Integral Molecular has signed a 10-year lease at the Science Center’s research park, maintaining its headquarters in Philadelphia. Integral Molecular will be expanding its operations from the Science Center’s Port business incubator to 10,000 square feet of custom-designed, state-of-the-art lab and office space. Integral Molecular’s new facility at 3711 Market Street will more than double its current space. Integral Molecular is a platform-based biotechnology company that is committed to providing innovative products and services to leading biotech and pharmaceutical companies.
Since being launched at the Science Center in 2001, Integral Molecular has grown to occupy roughly half of the incubator space at 3701 Market Street. Integral Molecular decided to stay at the Science Center due to its proximity to key resources and collaborators at nearby universities, its convenient central location with easy access for employees, and available tax incentives. Integral Molecular’s decision to stay at the Science Center ensures that several dozen high- tech jobs will remain in the City of Philadelphia.
“The Science Center has been a source of support from our inception and has enabled us to grow at a sustainable pace for the last nine years,” says Benjamin Doranz, co-founder and CEO of Integral Molecular. “We couldn’t have started without them, and we’re pleased to be able to continue our relationship with them as we expand into 3711 Market. Our expansion represents an exciting time for Integral Molecular that will allow us to keep up with customer demand for our products and services while continuing to develop additional products focused on cellular and viral membrane proteins.”
“Our goal in incubating companies is to provide them with the support they need so they can focus on growing their businesses,” says Science Center President & CEO Stephen S. Tang, Ph.D. “Not only are we thrilled to see Integral Molecular reach this milestone, but we are especially pleased that they have chosen to remain at the Science Center. Their presence here contributes to the vibrancy of our campus and University City. In addition, it highlights the role of the Science Center as a catalyst for economic development in the City and region. “