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Gainesville Sun: New biotechs have plenty of ideas, no lab space

Anthony Clark of The Gainesville Sun notes that start-up companies in his region face a challenge to locate lab space to support their efforts, once they outgrow university labs and incubators. Specifically,

"Grants and venture capital that finance many biotech companies are often restricted to product development and cannot be spent on real estate, while developers and lenders are reluctant to take a chance on building and financing high-cost space for companies that have not established a track record of profitability and cannot guarantee a long-term lease."

One developer, however, noted that banks appear to be interested in assembling deals to support new lab facilities in the region. Companies that have inhabited lab space in the area include Nanotherapeutics, RTI Surgical and Exactech.

Read Mr. Clark's full article in The Gainesville Sun online.