Skip to Content
Author: The BCW

Leave a Comment

Big Week for Biotech in Westchester

From left, County Office of Economic Development Director William M. Mooney III; Randi D. Schwartz, Director of BioInc@NYMC; NYMC Vice President of Government Affairs Dr. Robert W. Amler; State Senator Terrence Murphy; County Executive Robert P. Astorino and BCW President and CEO Marsha Gordon

Westchester’s booming biotech industry, a sector strongly supported by The Business Council of Westchester, received a significant boost this week with major announcements from two of the county’s leading biotech centers.

On Tuesday, Royal Philips announced its Philips Intellispace Genomics research team will be sharing space at the NYMC new biotechnology incubator, BioInc@NYMC and working on collaborative computational genomics. “Bringing on Phillips Healthcare Research as the anchor tenant at BioInc@NYMC is a true game changer – for the college, Westchester County and beyond. The positioning of nine innovative companies alongside such a notable name in healthcare research will add to the already impressive track record of our start-ups and the medical solutions they develop,” said Randi D. Schwartz, M.B.A., Director of BioInc@NYMC and Associate Dean for academic administration.

Working from space on the NYMC campus in Valhalla allows Philips to collaborate more closely with its innovation partners at the College and their affiliated teaching hospital, Westchester Medical Center. BCW President and CEO Marsha Gordon attended a ceremony at the biotech incubator to announce the move along with County Executive Robert P. Astorino, State Senator Terrence Murphy, NYMC Vice President of Government Affairs Dr. Robert W. Amler, and County Office of Economic Development Director William M. Mooney III.

Also this week it was reported that Regeneron Pharmaceuticals Inc., New York’s largest biotechnology employer, made its second major real estate investment in Westchester in two years with the $50 million acquisition of the New York Life Insurance office building in the Town of Mount Pleasant. New York Life will be moving to downtown White Plains. Last year, Regeneron purchased a vacant 100-acre parcel that adjoins the Landmark at Eastview campus where Regeneron is headquartered. The biotech giant recently announced plans to develop a 1 million-square-foot research and development campus with nine buildings and five parking structures on the site.

Similar News Items

By John Ravitz, Executive Vice President & COO, Business Council of Westchester The following guest article appeared in the May 12th issue of Mid-Hudson News Climate change is real, and New York should continue to invest in energy efficiency, renewable electric power, and other greenhouse gas emission reduction strategies. These actions can have direct benefits […]

Read Article

The Business Council of Westchester and News12 co-hosted a debate on Monday for one of the nation’s highest-profile congressional races. Rep. Jamaal Bowman and County Executive George Latimer appealed for voters’ support in the race for New York’s hotly contested 16th Congressional District. The one-hour debate in White Plains addressed many issues, including the Middle […]

Read Article

The Business Council of Westchester’s Westchester Innovation Network is helping Richmond Community Services find employees by matching it with an artificial intelligence-powered platform that streamlines foreign worker visa applications. The BCW WIN matched Richmond Community Services with the software platform Immigr8 to speed up the hiring process through the federal H-1B visa program for specialty […]

Read Article

Become A Member

Join the county’s largest and most influential business organization today.

The Business Council of Westchester is committed to helping businesses market, learn, advocate, and grow. Over 80 events and programs are offered every year, giving our members ample opportunity to connect and meet with businesses representatives in the Westchester community and beyond.
Back to top