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Today we ponder the vast open spaces of Boston’s unused life sciences labs, see a new biopharma IPO in the works, and expect a label expansion for some CAR-T blood cancer therapies.
The need-to-know this morning
- Bluebird Bio, in the early stages of a commercial launch of a gene therapy for sickle cell disease, raised up to $175 million in debt financing with Hercules Capital.
Boston’s empty life sciences labs
As the pandemic took off, real estate developers went into overdrive building life-science laboratories across Boston. While most office work was at a standstill, companies like Moderna were expanding and needed more and more space. Billions of dollars poured in to support the feverish demand. But now, as these buildings near completion, most will be empty.
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