Alexandria Real Estate Equities, Inc. Celebrates the Grand Opening of Alexandria LaunchLabs at Columbia to Accelerate the Commercialization of Novel Translational Science to Meet Significant Unmet Medical Needs At the Vanguard and Heart of the Life Science Ecosystem ™ NEW YORK , June 22, 2022 |PRNewswire| -- Alexandria Real Estate Equities, Inc. (NYSE: ARE ), an urban office REIT and the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, today celebrates the grand opening of Alexandria LaunchLabs ® at Columbia, which was created in a strategic collaboration with Columbia University . As the company''s second LaunchLabs site in New York City , Alexandria LaunchLabs at Columbia builds upon the success of the flagship LaunchLabs site at the Alexandria Center ® for Life Science – New York City , which reached its fifth anniversary this month. The grand opening event marks an important milestone for the unique and leading life science startup platform purpose-built to accelerate innovation and growth for promising early-stage companies. With over 10,000 diseases known to humankind and less than 10% currently addressable with therapies, Alexandria LaunchLabs at Columbia is playing an essential role in catalyzing the translation of scientific research emerging from Columbia University and other leading NYC academic and medical research institutions into treatments and cures to help meet humanity''s massive unmet medical need and alleviate patient suffering. "For years, there has been an explosion of new startup creation emerging from Columbia''s research labs (over 25 new startups per year), as well as from the labs of our fellow NYC research institutions," said Orin Herskowitz , executive director of Columbia Technology Ventures. "The integration of the Alexandria LaunchLabs platform into Columbia''s campus provides a further boost to the NYC entrepreneurial ecosystem, Columbia''s startups, other New York City startups and the city overall.