"Billionaire-Backed Biomedical Institute in Cambridge Accelerates Drug Discovery"

A group of billionaires has unveiled their support for a new biomedical research institute, Arena BioWorks, which aims to emulate the success of Bell Labs and lead new research initiatives and create for-profit biotech companies seamlessly under one roof. The institute promises a quicker translational research model, has the backing of big names, and plans to put scientists in the driver’s seat with a footprint in Kendall Square in Cambridge, MA.