In a significant stride for San Diego's biotech landscape, Biotheryx, Inc., a clinical-stage biopharmaceutical company, has established new roots at Elements by Alloy Properties. The life science campus, residing within the Sorrento Mesa submarket, has been lauded for its state-of-the-art facilities and strategic location, a draw for the burgeoning firm focused on pioneering protein degrader drugs. With the deal inked for the 290,000-square-foot property, Biotheryx prepares to escalate its research on cutting-edge therapeutics in a space recognized for Best Redevelopment by the San Diego Business Journal, as reported by ConnectCRE.
Tony Russell, who played a part in the negotiations for Alloy, shared his enthusiasm over the recent development on LinkedIn, accentuating the campus' readiness to host life science ventures and its apt location among peers in the industry. "Strategically positioned in the heart of western Sorrento Mesa, amidst San Diego's leading life science and technology firms, this campus presents a prime opportunity for companies to thrive within the innovative life science landscape of San Diego," Russell posted. His sentiments underscore the progressive ambition that characterizes the region's bioscience realm.
The San Diego Business Journal's acknowledgment is a testament to Elements' rejuvenation, mirroring the transformative science Biotheryx aims to advance. Alicia Hinds, COO of Alloy Properties, expressed her team's enthusiasm about their new tenant. "We are thrilled to welcome Biotheryx to Elements," Hinds said. "The Alloy team is delighted that they have trusted us to accommodate their promising research programs,” per the details shared by ConnectCRE.
Biotheryx's pursuits align well with their new home's ethos. The firm remains committed to leveraging protein degraders against cancer and inflammatory diseases, an effort that is fortified by its proprietary PRODEGY platform. Originating from a team that assisted in developing the first FDA-approved modulators of Cereblon, Biotheryx's scientific endeavors resonate with the revitalized vigor of their new headquarters, as elucidated on Biotheryx's website.
