Tag Archives: Long Island biotechnology

14
Apr
Date April 14, 2011
Author Broad Hollow Bioscience Park

New Law Aims to Secure OSI Pharmaceuticals’ Future on Long Island

Gov. Andrew M. Cuomo has signed a bill enabling OSI Pharmaceuticals Inc. to expand its operations at Farmingdale State College. The legislation, which passed with overwhelming support in the State Senate and Assembly, establishes the boundaries for the college's Broad Hollow Bioscience Park at 38.5 acres and allows for the construction of a third building. This new structure will house start-up companies while OSI expands into an existing building. The move is expected to create 135 jobs at the college, bolstering Long Island's biotechnology sector.
Read More
Author Broad Hollow Bioscience Park
04
Jun
Date June 4, 2008
Author Broad Hollow Bioscience Park

Long Island’s Biotech Push: Successes and Struggles

Long Island's push to attract biotech startups has seen mixed results. The Broad Hollow Bioscience Park, with its recent addition of a 43,000-square-foot building, aims to foster new companies. While OSI Pharmaceuticals is expanding, other firms like Helicon Therapeutics have moved away due to delays. Despite significant investment and low rent incentives, the region’s biotech sector struggles to gain traction, facing challenges such as high costs and stiff competition from established hubs.
Read More
Author Broad Hollow Bioscience Park