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New York Lieutenant Governor Kathy Hochul Presents 2018 State of the State at SUNY Downstate after Touring Biotechnology Incubator
Brooklyn, NY— New York Lieutenant Governor Kathy Hochul today toured SUNY Downstate Medical Center’s Biotechnology Incubator, guided by President Wayne Riley, before presenting Governor Andrew Cuomo’s 2018 State of the State agenda to SUNY Downstate leadership and community members.
Dr. Eva Cramer, vice president for biotechnology and scientific affairs, joined Dr. Riley in leading the tour and highlighted the impact of the Biotechnology Incubator on New York’s burgeoning biotechnology industry. The tour included stops at the incubator’s flagship tenants, including Hemogenyx, which is developing novel therapies to transform and improve the way bone marrow transplants are done, and which last year became the first Brooklyn-based company ever listed on the London Stock Exchange. Lieutenant Governor Hochul also met with entrepreneurs from EpiBone and Concarlo Holdings.
“By providing biotech businesses with state-of-the-art laboratory space and financial support in the early stages, the SUNY Downstate Biotech Incubator is setting them up with the tools they need to grow into our next entrepreneurial success stories,” said Lieutenant Governor Kathy Hochul. “Hemogenyx Pharmaceuticals is one such success story, launching their business in New York State with the 43North startup competition and continuing to expand at SUNY Downstate’s world-class facilities.”
“SUNY Downstate’s Biotechnology Incubator offers small, early-stage companies the resources they need to develop cutting-edge medical technologies right here in Brooklyn, and we are honored to welcome Lieutenant Governor Hochul and showcase our tenants’ incredible contributions to the future of health care,” said Dr. Wayne Riley, president of SUNY Downstate Medical Center. “We are extremely proud of the work being done by the companies working out of the incubator, and appreciate both Lieutenant Governor Hochul’s and Governor Cuomo’s continued commitment to fostering biotechnology and medical research in New York.”
“As a biotech company with its roots in New York, we were honored to welcome Lieutenant Governor Hochul to our labs," said Dr. Vladislav Sandler, CEO of Hemogenyx, which opened its first lab in Buffalo after winning the New York State-funded 43North startup competition. Its four scientists now work out of two state-of-the-art labs inside the SUNY Downstate incubator. He added, “Having access to the high-quality facilities at SUNY Downstate has been instrumental to our success in creating a safer and more effective approach to bone marrow transplants.”
As part of SUNY Downstate’s Biotechnology Initiative, the incubator offers startup biotech companies space and resources near the SUNY Downstate campus and at the Brooklyn Army Terminal. Participants have access to Downstate Medical Center resources including clinical scientists and PhD students, the medical and scientific library, clinical trials, and specialized research facilities and equipment.
Following the tour, Lieutenant Governor Hochul presented the 2018 State of the State agenda announced by Governor Cuomo on January 3 to both SUNY Downstate officials and local community members.
About SUNY Downstate Medical Center
SUNY Downstate Medical Center, founded in 1860, was the first medical school in the United States to bring teaching out of the lecture hall and to the patient’s bedside. A center of innovation and excellence in research and clinical service delivery, SUNY Downstate Medical Center comprises a College of Medicine, College of Nursing, College of Health Related Professions, a School of Graduate Studies, School of Public Health, University Hospital of Brooklyn, and a multifaceted biotechnology initiative including the Downstate Biotechnology Incubator and BioBAT for early-stage and more mature companies, respectively.
SUNY Downstate ranks twelfth nationally in the number of alumni who are on the faculty of American medical schools. More physicians practicing in New York City have graduated from SUNY Downstate than from any other medical school.