Bridge Labs gain $18M in funds, expands in China

Gaithersburg, MD-based Bridge Laboratories is blueprinting an expansion of its Beijing lab space after winning $18 million in new venture backing. The company announced the funding along with its new name, which was changed from Bridge Global Pharmaceutical Services. Bridge got started after buying out Gene Logic's preclinical division late in 2006.

"The involvement of new investors in Bridge affirms the validity of our strategy to revolutionize preclinical development by delivering high-quality services in China at significant savings, while providing a US-based service for clients that prefer this option," said Tom Oakley, president and CEO of Bridge Laboratories.

- here's the release
- read the report from the Washington Business Journal

ALSO: Clarian Health Ventures is getting ready to pull the covers off its new life sciences venture fund. Report

Related Articles:
Bridge garners $35M to expand China operations. Report
Bridge Pharma sees growth in China drug studies. Report
The low cost of doing business in China. Report
China pushes drug development as R&D soars. Report