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
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