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Icogenex Expands Its Biotech Incubator Space SEATTLE, Aug. 22 /PRNewswire/ -- Icogenex Corporation announced that it has expanded its biotech incubator space available for sublease to start-up biotech companies. Icogenex supplies full service biotech incubator space including office and laboratory space as well as access to equipment for molecular and cell biology investigations. This includes sterile hoods, cell culture incubators, chemical fume hoods, glass wash and autoclaving services, as well as centrifuges, PCR machines, water bathes, and other equipment essential for basic molecular or cell biology work. According to Dr. Frederick S. Hagen, founder, President, and CEO of Icogenex, "With the acquisition of disposable supplies, companies subleasing space in our facility have immediate access to large and small laboratory equipment and can begin experimentation within a few days." In addition, there are intangible benefits to Icogenex sublessees of advice and counseling from Icogenex executives who have many years of experience in the biotech and pharmaceutical industries. Icogenex's biotech incubator facility space supplies a niche market to start-up companies who are not yet highly capitalized. These companies may be financed with Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) grants from the National Institutes of Health (NIH), may have small amounts of independent financing in place, or want a fast start with venture investment funds. At these early stages, it is often very difficult to acquire all the equipment and secure independent space for initial operation. By subleasing biotech incubator space, a small business is able to provide proof of principle of their idea on a very low cost budget, allowing them to leverage their idea to greater capitalization. Dr. Hagen stated, "I know how difficult it was to find good biotech incubator space when I was founding Icogenex and how grateful I was when I secured the initial space." Icogenex has been supplying biotech incubator space to start-up biotech companies in the Seattle area since 2002. Initially many of these companies are one to two person businesses. As they grow they rent additional space from Icogenex and eventually move out to larger independent facilities. In addition to its biotech incubator business, Icogenex as a Seattle- based, privately held company is identifying and developing therapeutic compounds for the treatment of human diseases. SOURCE Icogenex Corporation Web Site: www.icogen.com http://www.arizonabiotech.com/ http://www.azhttp.com/ http://groups.yahoo.com/group/biotech-news/ http://www.arizonabiotech.com/ <a href="http://www.arizonabiotech.com/">Arizona Biotech</a> http://groups.yahoo.com/group/biotech-news/ <a href="http://groups.yahoo.com/group/biotech-news/">Biotech News</a> http://www.arizonaentrepreneurs.com/ <a href="http://www.arizonaentrepreneurs.com/">Arizona Entrepreneurs</a> http://www.azhttp.com/ <a href="http://www.azhttp.com/">Arizona High Tech</a> Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/biotech-news/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/