BMS, LabCentral Agreement on Pharma/Biotech Startups

Bristol-Myers Squibb and LabCentral, a Cambridge, MA shared space and launch pad for life-sciences and biotech startups, have entered into an agreement under which Bristol-Myers Squibb has become a platinum sponsor and can nominate up to two startup companies per year to take up residence in the lab’s Kendall Square facilities. “Our residents who are working to move early-stage science from the lab bench toward clinical trials stand to gain valuable insights from regular interactions with Bristol-Myers Squibb mentors who are veterans of the process,” LabCentral co-founder and president Johannes Fruehauf is quoted in a release as saying. Last year, Bristol-Myers Squibb announced that it will launch a new state-of-the-art research site in Kendall Square, which is expected to open in early 2018.

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