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.”
Carisma Therapeutics raised nearly $60M in Series A funding. Now what?
A Center City biotech company is using an algorithm to help patients with memory loss
PA Biotech Center just announced a $50M investment fund and accelerator
Meet these 10 hiring companies at Super Meetup
The University City Science Center supported 149 projects and companies in the last year
BIO 2019 was in Philly this week. Here’s what you missed
Biotech company Chondrial Therapeutics has raised $25.8M for its Friedreich’s ataxia treatment
Verizon is looking for the brightest ideas on how to use its 5G technology
Sign-up for daily news updates from Technical.ly Philadelphia