PITTSBURGH, July 6 /PRNewswire/ -- The Pittsburgh Life Sciences Greenhouse (PLSG), a partnership to put the region's life sciences industry on a fast track for growth, today announced that Crystalplex Corporation has expanded and will move to larger facilities, serving as the first "alumnus" of the PLSG Incubator. Crystalplex, which moved into the PLSG Incubator in June 2003 from Atlanta, has grown since then and is expanding into new space at the University of Pittsburgh Applied Research Center (UPARC), which is located in Harmarville, about 15 miles from Downtown Pittsburgh. "We thank the PLSG for its support following our move from Atlanta to Pittsburgh and hope many more incubator companies will grow and graduate as we have," said Alan Seadler, Ph.D., Crystalplex CEO. "The graduation of Crystalplex reflects the meaningful work and significant progress we are witness to at the PLSG Incubator," said Doros Platika, M.D., President and Chief Executive Officer of the PLSG. "Crystalplex was one of our first tenants and has outgrown its space, serving as a positive case study for the Incubator and a model for other emerging life sciences companies in the region. This growth marks the PLSG's continued progress developing critical mass in the regional life sciences industry cluster." Crystalplex is a leader in the commercialization of bead based nanosensors for use in drug discovery and medical diagnostics. With proprietary reagent technology based on nanocrystal-encoded microbeads, Crystalplex provides the means to collect vast amounts of information in very small samples like single drops of blood. Crystalplex's first products, PlxBeads(TM), are already on the market. PlxBeads(TM) promise to become the next generation of nanotechnology based products designed to meet the requirements for sensitivity, accuracy, and ease of use in biomedical testing. About the PLSG Incubator The PLSG Incubator is co-located with the PLSG administrative and support infrastructure, which together occupy 15,000 square feet of space on the fourth floor of Bridgeside Point, better known as the Cellomics Building on Technology Drive in Pittsburgh. PLSG Incubator facilities consist of 40 percent lab and 60 percent office space and house 10 life sciences organizations, which also have convenient access to other professional services offered by the PLSG. About the PLSG The Pittsburgh Life Sciences Greenhouse is a public/private partnership, founded by the University of Pittsburgh, Carnegie Mellon University, UPMC Health System, the Commonwealth of Pennsylvania and our regional foundation community. Together with private industry and advanced research and healthcare capabilities of our institutional partners, PLSG invests in and supports the growth of regional life sciences companies. The PLSG is focused on developing a portfolio of companies in the following industry sectors: drug discovery tools and targets, medical devices and diagnostics, tissues engineering and regenerative medicine and therapeutic strategies for neurological and psychiatric disorders.
SOURCE Pittsburgh Life Sciences Greenhouse