Massachusetts Biomedical Initiatives will broke ground Wednesday morning on an expanded biomanufacturing center in Worcester after purchasing the property for more than $7.1 million.
Worcester-based life sciences incubator MBI purchased three properties, including the site of the groundbreaking at 17 Briden St., on May 17, according to the Worcester South District Registry of Deeds.
MBI already has a biomanufacturing center at 17 Briden St., which it was previously leasing, but will expand it to add 10 new biomanufacturing labs, according to a press release from the organization. The labs will support early stage clinical companies with trials, development, and manufacturing, and will be adding on to the 28 existing labs at the facility.
MBI’s expansion is a partnership with Massachusetts Life Sciences Center, a Waltham-based economic development public-private agency, which invested $3 million from its research infrastructure for the project. The expansion is estimated to cost a total of $5 million, per MBI’s press release.