LabCentral Gets $13 Million Cash Infusion, Set to Open New Incubator

October 6, 2019

LabCentral, the Cambridge-based research laboratory, is set to open a new incubator focused on “scale-up biomanufacturing” in 2021.

The initiative is fueled by investment from Astellas Pharma, a 14-year-old pharmaceutical company based in Tokyo, and a grant from the Massachusetts Life Sciences Center.

Astellas will put $12.5 million into sponsoring the new incubator, a 100,000-sq.-ft. facility set to feature a core lab space where companies can conduct process development studies and a non-GMP pilot plant, according to a press release. The incubator will be officially known as “LabCentral 238″—a riff on its location at 238 Main St. in Cambridge—and is expected to open in fall 2021.

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