Working with a $23 million grant from the Bill and Melinda Gates Foundation, the International AIDS Vaccine Initiative has completed a deal to create a 36,000-square-foot research lab in the Brooklyn Army Terminal. The terminal is at the center of New York's efforts to create a biotech cluster in the city. Some 114 biotech companies have a presence in the Big Apple, but for most that translates into sales and marketing ops. New York wants to attract more R&D efforts.
- read The New York Times article
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