A recent media tour hosted by the Pennsylvania Department of Community and Economic Development highlighted some of the medical breakthroughs for area companies and the region's ever expanding life sciences industry.
Reasons for the industry growth and innovation in the state include the entrepreneurial approach to field research and development, the build-up of local high-tech manufacturing sites, and a large number of distribution hubs.
The local company that was showcased that evening in mid May--B. Braun Medical Inc.; the corporate developer and manufacturer that markets medical products and services, announced on Wednesday their newest plans for the life sciences organization.
In October, B. Braun, purchased 21.5 acres in Upper Saucon Township, and stated plans to relocate their US headquarters to that new site. At that time, the company announced they would keep the former corporate headquarter building in West Bethlehem on 12th Avenue.
Even with the company’s verbal commitment to keep the manufacturing and distribution hub, local official were worried that they would still close the operations center. However, yesterday, B. Braun revealed their plans for that facility. It will become the new home to a joint partnership with German company CeGaT.
CeGaT, a diagnostic company, that specializes in identify pathogenic gene variations in people, and one the best international start-up in the last five years, will join forces with the medical manufacturer and form Braun CeGaT. This joint venture will produce the diagnostic panels and offer molecular diagnostic services to consumers in the US.
These plans show why B. Braun was chosen to represent and highlight the Lehigh Valley's growth in the life sciences industry. This new venture will take an upstart entrepreneurial company’s spirit and innovations, combine it with an already established presence and expand its market share into a brand new area of medical breakthrough.