Sunday, February 1, 2015

UCity Science Center draws investor, Euro sales, lab

Five new tenants for the Port Business Incubator

UCity Science Center draws investor, Euro sales, lab

University City Science Center, the West Philly landlord co-owned by Penn, Drexel and nearby schools, says it's drawn five new tenants to its "Port Business Incubator" at 3711 and 3624 Market St. The Center says the new arrivals include:

  - Karlin Asset Management, a $1 billion-asset investment firm. Armen Karamian will run the office, "focusing on early-stage investments"
  - Claremont, a subsidiary of France-based Ballina Capital. Claremont markets the Nd:YAP dental laser. US sales boss Blandine Chantepie says the firm was drawn to UCity by another French tenant, ERAI.
  - Epitek Inc., which says it's developing radiation protection and therapy and "regenerative medicine" technologies in collaboration with scientists at Temple U and the U of Texas.
  - Longevity Biotech, developer of Hybridtide, which is supposed to reduce drug resistence for "novel therapies." The firm, "spun out of the University of Wisconsin," has a contract with Philadelphia-based Fox Chase Cancer Center. 
  - Parsortix Inc., a "particle separation company" that pulls biological samples from fluid suspensions using "unconventional methods." The firm has been funded by Angle Technology Ventures LLC and Ben Franklin Technology Partners of Southeastern Pennsylvania. 

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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