“IncubatorLab Vegas gives Start-ups the chance to research like big pharma.” Anthony Robbins, MD Director Clinical Studies, Excellence Health
LAS VEGAS (PRWEB) February 01, 2018
Selected companies will also receive financial & other support through a co-development agreement with Excellence Health Inc.
The IncubatorLab will be a state-of-the-art facility with lab space for more than 20 companies located in the heart of the LV Medical District, as well as office areas and a BSL3 lab in the outskirts of Las Vegas.
The estimated cost of the new IncubatorLab are $50 Million & construction is expected to start in March, 2018.
Excellence Health's Incubator Lab will create more than 30 full-time jobs in the city of Las Vegas.
Selected companies gain access to a multi-million dollar lab that is similar to labs of large corporations & to a corporate area including meeting rooms, work stations and private offices.
All tenants will also receive an initial payment by Excellence Health for the Pre-Clinical research.
In return Excellence Health will receive the exclusive partnering right. Should Excellence Health decide to enter a partnership, Excellence Health will enter into a co-development agreement in which EH will fund the research, offer space for clinical trials & use their extensive partner network to successfully complete development.
Excellence Health will then out-license the newly development product to other companies in return for an upfront payment, milestone payments & royalties.
Under some circumstances, Excellence Health will give advance payments on royalties.
Summarized, the start-up will partner with one of the largest pharmaceutical companies without having to give up equity to venture capital firms, has access to a state-of-the-art lab & works in one of the most international & interesting cities in the world, Las Vegas.
Excellence Health looks forward to welcoming more biotech & life sciences companies in the Las Vegas Valley.
For more information on the project contact:
+1 (702) 500-1225
7251 W Lake Mead Blvd,
Las Vegas, NV 89128,