Market Highlights

• The agglomeration of the region’s life sciences industry is largely driven by world-class research institutions such as the University of Washington, Fred Hutchinson Cancer Research Center, and the Allen Institute for Brain Science.
• Alexandria Real Estate recently announced their 227,000 square foot life sciences project at 701 Dexter Ave has been put on hold.
• Biopharmaceutical company, Avalyn Pharma, raised $175 million dollars in Series C funding to continue developing inhaled therapies to treat respiratory diseases.

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