Market Highlights

• Ahlstrom has acquired ErtelAlsop, a New York-based manufacturer of high-performance liquid depth filter media, enhancing its position in the life sciences filtration market and expanding into the depth filtration space.
• Venture capital funding in life sciences surged nearly 70.0% from the end of 2023 to 2024, marking New York's strongest year in venture funding since 2021.
• Governor Kathy Hochul announced New York BioGenesis Park, a $430.0 million Cell and Gene Therapy Innovation Hub in Nassau County with a $150.0 million state investment, aiming to advance innovation, boost the economy, and transform patient care statewide.

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