News: Front Section

Vaxess Technologies leases 10,000 s/f from Cummings Properties

Vaxess Technologies celebrated the grand opening of its GMP manufacturing facility in Woburn.
Shown (fom left) are: Rep. Richard Haggerty; Joe Boncore, CEO of MassBio;
Sen. Cindy Friedman; Michael Schrader, CEO, Vaxess Technologies; Eric Anderson, president,
Cummings Properties; and Kenn Turner, president and CEO of Massachusetts
Life Sciences Center. Photo credit: Duncan Lake, Cresa.

Woburn, MA Biotechnology startup Vaxess Technologies held a grand opening for its brand new 3,600 s/f GMP manufacturing facility at Cummings Park. An expansion to 10,000 s/f is already underway. Based in Cambridge, Vaxess is developing a novel technology for vaccine delivery via a sustained-release intradermal microneedle patch. In the future, the technology could result in self-administered vaccines and boosters delivered to one’s door, without the need for refrigeration. The firm is backed by National Institute of Health (NIH), Gates Foundation, and venture capital.

Cummings Properties business development director Al Diamond worked with Paul Delaney and John Coakley of Cresa on the initial lease and expansion.

“Vaxess joins more than 100 biotech companies in this fast-growing life science cluster, many of which are also innovating in the field of vaccine development and delivery,” said Eric Anderson, president of Cummings Properties. “These companies, ranging from startups to established pharmaceutical manufacturers, are on the cutting edge of scientific discovery and advancement.”

Vaxess expects to begin a Phase I proof-of-concept trial using seasonal flu and COVID-19 antigens in the first half of 2022.

“After years of development, the company is thrilled to establish GMP manufacturing capabilities in Massachusetts for both our lead MIMIX-Flu vaccine program as well as a host of other pipeline products to follow,” said Vaxess CEO Michael Schrader.

The grand opening celebration drew several public officials and life sciences industry leaders.

“I want to congratulate the Vaxess team on their latest expansion to Woburn,” said Massachusetts Life Sciences Center president and CEO Kenn Turner. “Since the Life Science Center’s initial investment in Vaxess, the company has exemplified the type of growth trajectory we aim to accelerate here in the Commonwealth. We will continue to lean in, and support companies seeking to create jobs and expand their footprints regionally, particularly in the manufacturing space.”

Other guests for the ribbon-cutting and facility tour included Massachusetts Housing and Economic Development secretary Mike Kennealy, Massachusetts Biotechnology Council president Joe Boncore, Woburn representative Richard Haggerty, State senator Cindy Friedman, and Woburn mayor Scott Galvin.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,