Apr 19, 2011
The Prime Minister, the Rt. Hon. John Key cut the ribbon to the new Thomas Building Extension at an official function hosted by the Vice Chancellor and attended by guests from the industry, central and local Government, and the University. The new building and existing Thomas Building are seamlessly connected via bridges on every level in a five story high fully glazed link atrium. The expanded Thomas complex houses the School of Biological Sciences and the Institute for Innovation in Biotechnology (IIB) allowing increased academic-industry collaboration and shared use of its hi-tech facilities. Currently the IIB hosts 9 companies (46 industry staff) working on products across the biomedical, agbio and bioactives sectors. The opening function coincided with an announcement that one of the co-located companies, CoDa Therapeutics Inc., successfully raised US$19 million new funding, bringing the total funding raised by the company to US$43 million.