Skip to main content

Basel Area achieves milestone with settling of LifeMine

| News

Basel Area achieves milestone with settling of LifeMine

06.07.2022

Life sciences company LifeMine Therapeutics from the USA has established its European headquarters in the Basel Area. With this, Basel Area Business & Innovation has now supported 200 companies settling in the three Swiss cantons of Basel-Landschaft, Basel-Stadt and Jura.

Aerial view of the Basel Area (img: Mark Niedermann)

Basel Area Business & Innovation, the investment and innovation promotion agency, has achieved a milestone. With LifeMine Therapeutics, it has assisted its 200th company in settling in the Basel Area. The biotechnology company based in Cambridge, Massachusetts in the USA has established its European headquarters in the Basel Area, which consists of the three Swiss cantons of Basel-Landschaft, Basel-Stadt and Jura.

“Having LifeMine Therapeutics as our 200th customer is exciting for our team and the region,” said Christof Klöpper, CEO at Basel Area Business & Innovation, in a press release. “Another company coming from the Boston Area – one of the world’s biggest life sciences hubs – really highlights the opportunities in the Basel Area for international biotech companies.”

122 settlements from the life sciences industry

LifeMine is reinventing drug discovery by mining genetically encoded small molecules from the biosphere and will now continue its work from Basel as well. “We are very excited to be expanding our operations to Basel, and to establish in an area full of innovative companies,” commented WeiQing Zhou, Co-Founder and Chief Operating Officer at LifeMine Therapeutics. “Basel Area Business & Innovation has provided fantastic support, making the process as smooth as we could have hoped.”

Of the 200 companies assisted in settling in the Basel Area since 2016, 164 were not Swiss, originating from other European countries, Asia and the USA. Of these, 122 are from the life sciences industry. An increasing number involved in production and process technology are also choosing to settle in the Basel Area.

(Read more about starting a business in Switzerland)

You may also be interested in

Roche investing an additional 1.2 billion Swiss francs in Basel

Roche will be putting an additional 1.2 billion Swiss francs towards the renovation of its site in Basel. This investment...
Read More

Nouscom secures 67.5 million euros in financing

Biotech company Nouscom has raised 67.5 million euros in a series C financing round. The Basel-based firm intends to use...
Read More

How open innovation in healthtech hubs is fueling the rise of digital healthcare

How the ever-increasing uptake of digital solutions is enhancing patient engagement, increasing access to care and lowering the cost of...
Read More

Paradigm shift in pain management

Pain is a crucial sensation for survival, but it can also drive us to depression and long-term suffering if not...
Read More

Investors stump up 3.7 million Swiss francs in Onena Medicines

Onena Medicines has secured an investment of 3.7 million Swiss francs. The portfolio company of the biotech startup incubator BaseLaunch...
Read More