NEW YORK, April 22, 2014 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), an approximately $9 billion total market capitalization real estate investment trust uniquely focused on clustering Class A assets in urban science and technology campuses located in the heart of centers of innovation, announced that the Alexandria Summit on Digital Health is being held today at the Alexandria Center for Life Science in New York City.
Digital health – the convergence of life science, healthcare, and technological innovation – is poised to revolutionize the American healthcare system. With the collaborative interaction of sectors, companies, and varied business models focused on digital health, including information technology, cloud computing, smartphones, nanotechnology, and cost-effective genome sequencing, this emerging sector has a unique and profound ability to drive the development of new therapies, to empower patients, to increase quality of care, and to provide greater cost efficiencies. This unprecedented convergence of life science, healthcare, and technology is occurring in the nation's urban centers of innovation, including New York City, San Francisco, Greater Boston, Seattle, and San Diego. Alexandria is uniquely positioned to support the industry's growth through its dominant market presence in these AAA locations and its Class A urban science and technology campuses designed to foster collaboration.
"Alexandria is bringing together its diverse and world-class network from life science, healthcare, and technology at our New York City campus to foster impactful collaborations and drive innovation in digital health," said Joel S. Marcus, Chairman, Chief Executive Officer, and Founder of Alexandria Real Estate Equities, Inc., Alexandria Venture Investments (the Company's strategic venture arm), and the Alexandria Summit. "We believe that the Alexandria Summit, through its highly unique platform, will lead to groundbreaking results that increase the effectiveness and efficiency of our healthcare system and improve human health worldwide."
"Digital health offers the opportunity to transform all aspects of the American healthcare system," said Robert J. Hugin, Chairman and Chief Executive Officer of Celgene Corporation, an Alexandria client tenant and attendee of the Alexandria Summit on Digital Health. "Advancing digital health will accelerate the discovery of new therapies, align incentives and outcomes in healthcare delivery, better inform treatment paradigms and protocols, and improve prevention and wellness initiatives that improve the length and quality of people's lives."
Joel S. Marcus founded the Alexandria Summit in 2010, driven by the belief that by bringing together Alexandria's world-class global network in an invitation-only, independent, and highly collaborative forum, Alexandria could stimulate innovative ways of thinking, accelerate the discovery and development of life-saving, cost-effective therapies, and move the field forward. Representing the broad and diverse life science community, the collective voice gathered at that first Alexandria Summit worked together to advance actionable meeting outcomes, including helping to reshape PDUFA legislation and modernize FDA guidance. Realizing that the potential of digital health will require truly disruptive innovation, the Alexandria Summit on Digital Health will gather critical stakeholders from life science, technology, non-profit, government, and healthcare and provide a groundbreaking opportunity to think collaboratively, strategically, and disruptively to advance the promise for healthcare innovation offered by digital health.
SOURCE Alexandria Real Estate Equities, Inc.