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Why a global health organization just placed a $10M bet on Buffalo
A University at Buffalo startup developing next-generation vaccine technology has secured up to $9.7 million from the Coalition for Epidemic Preparedness Innovations, recognition that its platform could play an important role in the rapid deployment of vaccines against emerging infectious diseases. The non-dilutive funding marks a significant milestone for POP Biotechnologies, positioning the Buffalo company…
FesariusTherapeutics Closes Oversubscribed $20M Series A, Led by Jefferson Life Sciences, and Backed by NY Ventures, and the American Society of Plastic Surgeons
FesariusTherapeutics, a commercial-stage medical technology company reimagining dermal repair, today announced the close of an oversubscribed $20 million Series A financing round. The round was anchored by Jefferson Life Sciences (JLS) and joined by Johnson & Johnson (through its corporate venture capital organization, Johnson & Johnson Innovation – JJDC, Inc.), Empire State Development’s NY Ventures,…
Opinion: Local trade groups must support life sciences in these difficult times
NewYorkBIO CEO Jennifer Hawks Bland shares with Biospace that state and local trade groups have become essential to sustaining the U.S. life sciences industry as federal funding is cut and delayed and the policy environment shifts. With companies responding by laying off staff, moving operations abroad, or rethinking business models, she writes that local ecosystems…
New York State Invests Millions in New Biotech Initiative, with Focus on Neurodegenerative Diseases
New York Governor Kathy Hochul (D) signed the state’s annual budget into law, which includes $65 million for the Governor’s Bolstering Biotech Initiative. This new initiative reflects recommendations developed by the 2025 New York State Emerging Technology Advisory Board (ETAB) — co-chaired by Michael J. Fox Foundation CEO and Co-Founder Debi Brooks — to strengthen…
Bolstering Biotechnology in New York State: FY27 Budget
Governor Hochul announced bold steps to build a brighter future for New York by fueling innovation and creating good-paying jobs as part of New York states FY27 Budget. Since taking office, the Governor has ushered in a new era of economic growth by prioritizing job creation, community development and economic revitalization. From investing in innovative…
LIFE SCIENCES IN NEW YORK
Where science and opportunity come together
New York’s life science sector has attracted unprecedented investment, expanded research clusters across the state, and nurtured the growth of early-stage companies.
70,000
LIFE SCIENCES JOBS
25%
CLINICAL TRIALS IN THE U.S.
60%
PHARMACEUTICAL HEADQUARTERS