CRO sponsoring coworking lab in Boston as area continues to see strong demand for space

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Calvert Laboratories has become a gold sponsor of LabCentral, a coworking laboratory launchpad located in the Greater Boston area. Calvert is a non-clinical contract research organization (CRO) specializing in pharmacology services.

The CRO’s LabCentral sponsorship will provide it will business development opportunities.

LabCentral opened in late 2017 with support from Pfizer and now has the capacity to serve approximately 450 scientists and entrepreneurs in the two-building campus.

Johannes Fruehauf, MD, PhD, president and CEO, Biolabs, president and executive director, LabCentral, said the sponsorship gives Calvert rights other non-sponsor companies do not have, such as privileged access, the ability to hold events, invitations to LabCentral events, among others.

“LabCentral works with many selected sponsors in a variety of industries to provide our companies with selected partners; these include service providers, equipment manufacturers, and pharmaceutical companies,”​ said Fruehauf.

Buoying biotech

The Boston market and others continue to see strong demand for lab space, Fruehauf said.

“The biotechnology industry is buoyed by the availability of capital,” ​he told us. This is seen in the public market though also has an effect on privately financed companies, he explained.

This can translate to inflated valuations for even early-stage companies, “which is dangerous for all involved,”​ explained Fruehauf. “However, the investor interest is also driven by real progress made in therapeutics and also other fields, including synthetic biology.”



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