This editorial article is a part of Technical.ly's Growing Industries month, when Technical.ly Philly is focusing extra reporting on the topic of life sciences. See the updated Philly Tech Week calendar here.
London-based IAG, an imaging company that services the biotech and pharma industry, has set up its U.S. headquarters at Pennovation.
The company has a global workforce of 40 staffers, which now includes a four-person team inside a 255-square-foot Inventor Garage at the Grays Ferry incubator.
IAG, which is comprised of three divisions, combines artificial intelligence with traditional imaging techniques (like MRI or CT scans) to accelerate drug development. It also works with biotech and pharma companies to make clinical trials more efficient.
“We are delighted to open our USA office, which ensures stronger links with our USA partners and gives us the opportunity to employ the best on both sides of the Atlantic,” said CEO Olga Kubassova, who holds a Ph.D. from the University of Leeds. “We are excited to be a part of this dynamic environment, which motivates and supports our growing team.”
Here’s Kubassova telling her company’s story:
A recent report from real estate research firm CBRE put Philly’s life sciences cluster among the top 10 markets for the industry, a sign that companies serving the sector — like IAG — could find in Philly the client base they’re hoping to tap. But there’s also upside to being close to the Penn ecosystem, said the university’s VP of facilities and real estate services, Anne Papageorge.
“The Center provides an unmatched atmosphere for collaboration, creativity, and productivity, with scientifically advanced facilities and ready access to an expert workforce,” Papageorge said. “IAG is joining a community of innovators in a vibrant city energized by entrepreneurship, and it’s great to see the global reach of this Pennovation Works ecosystem attracting internationally-based companies as well.”
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