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Central MA Life Sciences Report

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6 Central MA Life Sciences Report AZZUR.COM Aseptic and GxP Training GxP Advisory & Consulting Commissioning, Qualification, and Validation (CQV) Project Management Quality Assurance Engineering Controls and Automation Azzur Cleanrooms on Demand™ On-Demand ISO7/8 Cleanrooms Facility Management Materials Management and Storage Environmental Monitoring Quality Management System Laboratory Services Environmental Monitoring Analytical Testing Textile Testing Microbiology Testing The life science industry's full-scale solutions partner helping GxP organizations Proudly Serving the Central Massachusetts Region Cambridge. Things have cooled off since then because of rising inflation, and the jump in interest rates meant to fight inflation is causing investment money to dry up. Larger life science companies that leased space for expansion began to change their minds and sublease that space, DeSimone said. "The life science market is on more of a pause than a stop," DeSimone said. "Investment will come back. Massachusetts is the life science capital of the world." "If you take out all the lab space in Cambridge, it's still the capital of the world," said Andrew Sherman, vice president at Kelleher & Sadowsky. The advantages of MetroWest DeSimone, Sherman, and Kelleher Vice President Brian Johnson brokered the deal between Minardi and Sartorius at 200 Donald Lynch Drive. They are optimistic the suburbs of MetroWest, particularly around Interstate 495, will continue to see a lot of life sciences activity because it offers workers who live in the suburbs of Boston an easy commute. Route 128 and I-495 form roughly concentric semi-circles outside of Boston and are used as informal regional markers. I-495 is approximately 17 miles west of Route 128 on the Massachusetts Turnpike, which runs east to west through the center of the state, and Route 128 is approximately 10 miles outside of downtown Boston. "Just like the office workers who don't want to go into Boston that live in the communities around 128 … the life science employees don't want to do it either," DeSimone said. Lab workers can do much of their work from home now and go to the lab less frequently so companies would rather pay less outside of Boston and "Investment will come back. Massachusetts is the life science capital of the world." Philip DeSimone, Kelleher & Sadowsky Associates Continued from page 5

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