3 Big Pharma Companies Chip $51M Into NY Biotech Seedfund


Three Big Pharma companies have helped come up with some seed money to start growing the first crop of biotechs in New York. Pfizer ($PFE), Eli Lilly ($LLY) and J&J ($JNJ) all chipped in to a $51 million fund from Accelerator Corp., which will now expand on the work it’s been doing in Seattle to the East Side of Manhattan, recruiting upstarts to join investigators at the Alexandria Center for Life Science.

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Abbott Showcases Innovations to Help Labs Solve Health Care Challenges

Doctor and Woman Examining Pills

Clinical laboratories around the world are helping to improve patient care while navigating an evolving health care environment. To help laboratories with increasing demands, Abbott (NYSE: ABT) is developing diagnostic solutions for today and tomorrow, which it will showcase during the American Association for Clinical Chemistry (AACC) Annual Meeting and Clinical Lab Expo, July 27 through July 31, 2014, in Chicago.

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