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Governor Cuomo Announces Continued Growth at Roswell Park Cancer Institute with Regional Economic Development Council Funding; RPCI Center for Personalized Medicine established with CTG (NASDAQ: CTGX) serving as its technology partner
Date:1/31/2013

ALBANY, N.Y., Jan. 31, 2013 /PRNewswire/ -- Governor Cuomo announced yesterday that a strategic biotechnology project in Western New York, initially funded through the Regional Economic Development Councils, is expanding successfully, leveraging additional private investments for further growth and strengthening the regional economy. The Center for Personalized Medicine (CPM), an extension of Roswell Park Cancer Institute (RPCI), has leveraged $18.5 million in additional investments from an initial State investment of $5.1 million. The new Center treats cancer patients with personalized medical care and also creates a resource that scientists and medical providers can use for applications across the spectrum of clinical care, to the benefit of healthcare consumers all over the United States.  

"New York State has proved today that recognizing and investing in each region's unique resources and strengths leads us to economic growth," Governor Cuomo said. "Western New York has a thriving health and life sciences industry cluster, which the Western New York Regional Economic Development Council and Roswell Park Cancer Institute recognized. Through the Regional Council process, they created a custom-tailored plan to take advantage of this opportunity, which will rebuild the regional economy."

Roswell Park Cancer Institute received $5.1 million in State assistance for this project through the Western New York Regional Council in December 2011. A centerpiece of the Governor's strategy to jumpstart the economy and create jobs, Regional Economic Development Councils were put in place in 2011 to redesign the state's approach to economic development from a top-down model to a community-based, performance-driven approach. The initiative empowers community, business, and academic leaders, as well as members of the public in each
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SOURCE Roswell Park Cancer Institute; CTG
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