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Pittsburgh Life Sciences Greenhouse Makes Strategic Adjustment To Put Laser Focus On 2013 Goals
Date:7/17/2013

PITTSBURGH, July 17, 2013 /PRNewswire/ -- The Pittsburgh Life Sciences Greenhouse (PLSG), the region's only pure life sciences investment firm, and managing member of the PLSG Accelerator Fund, announced today an updated vision and mission that puts a laser focus on 2013 goals.

"Despite the challenging economy, PLSG remains strong and committed to working towards propelling our life sciences sector forward through continued investments in our region," said John Manzetti, President and CEO, Pittsburgh Life Sciences Greenhouse (PLSG). "Our agile business philosophy has enabled us to ignite a new purposeful and intentional focus on later stage investments. We will continue to be involved in the business community so the region can benefit from our unique and unmatched programs that bring the highest quality investment and business advice."

As part of the new focus, PLSG will prioritize efforts to provide continued support and resources to the programs that set the organization apart from others. PLSG's Executive Program, anchored by the Executive-in-Residence program, has brought nearly 30 C-level executives to Western Pennsylvanian life sciences and technology companies. In addition, PLSG will continue to dedicate its PLSG Accelerator Fund to life science investments in the region. PLSG is the only state-funded organization that runs a life sciences-focused venture capital firm.

PLSG's unique programs have played part in a recent closing announcement of $315,000 in half-year investments from companies including: ALung Technologies Inc., ATRP Solutions, MS2 Array LLC, NewCare Solutions, PHRQL Inc., Quantum Ops, Wellbridge Health. To help incubate the small companies in Healthcare Information Technology (HIT), the PLSG has also created the Think-Q-Beta™ within the PLSG campus to provide full office space and services at a discount for the companies to utilize for a short time before m
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