Skip to main content
Sister Publication Links
  • ESG: THE NEW IMPERATIVE
Subscribe
  • My Account
  • Login
  • Subscribe
  • News
    • Current News
    • COVID-19
    • Providers
    • Insurance
    • Government
    • Finance
    • Technology
    • Safety & Quality
    • Transformation
    • People
    • Regional News
    • Digital Edition (Web Version)
    • Patients
    • Operations
    • Care Delivery
    • Payment
    • Midwest
    • Northeast
    • South
    • West
  • Digital Health
  • Insights
    • ACA 10 Years After
    • Best Practices
    • Special Reports
    • Innovations
  • Data/Lists
    • Rankings/Lists
    • Interactive Databases
    • Data Points
  • Op-Ed
    • Bold Moves
    • Breaking Bias
    • Commentaries
    • Letters
    • Vital Signs Blog
    • From the Editor
  • Awards
    • Nominate/Eligibility
    • 100 Most Influential People
    • 50 Most Influential Clinical Executives
    • Best Places to Work in Healthcare
    • Excellence in Governance
    • Health Care Hall of Fame
    • Healthcare Marketing Impact Awards
    • Top 25 Emerging Leaders
    • Top 25 Innovators
    • Diversity in Healthcare
    • Women in Healthcare
    • - Luminaries
    • - Top 25 Diversity Leaders
    • - Leaders to Watch
    • - Luminaries
    • - Top 25 Women Leaders
    • - Women to Watch
  • Events
    • Conferences
    • Galas
    • Virtual Briefings
    • Webinars
    • Transformation Summit
    • Women Leaders in Healthcare Conference
    • Social Determinants of Health Symposium
    • Leadership Symposium
    • Health Care Hall of Fame Gala
    • Top 25 Women Leaders Gala
    • Best Places to Work Awards Gala
    • Top 25 Diversity Leaders Gala
    • - Hospital of the Future
    • - Value Based Care
    • - Supply Chain Revenue Cycle
    • - Hospital at Home
    • - Workplace of the Future
    • - Strategic Marketing
    • - Virtual Health
  • Listen
    • Podcast - Next Up
    • Podcast - Beyond the Byline
    • Sponsored Podcast - Healthcare Insider
    • Video Series - The Check Up
    • Sponsored Video Series - One on One
  • MORE +
    • Advertise
    • Media Kit
    • Newsletters
    • Jobs
    • People on the Move
    • Reprints & Licensing
MENU
Breadcrumb
  1. Home
  2. Mergers & Acquisitions
May 13, 2022 12:42 PM

Rensselaer, Mount Sinai partner on center to tackle uncured diseases

Crain's New York Business
Beth Treffeisen
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    54th Street Marketing Photo.jpg
    Courtesy of Taconic Partners

    The Hudson Research Center is a 320,000-square-foot life sciences hub in Midtown Manhattan, developed by Taconic Partners and Silverstein Properties

    Rensselaer Polytechnic Institute and the Icahn School of Medicine at Mount Sinai on Thursday announced the creation of the Center for Engineering and Precision Medicine. The schools said the lab will combine engineering, science and medicine with the goal of tackling uncured diseases. 

    The institute is leasing 23,000 square feet in the Hudson Research Center in Midtown from Taconic Partners and Silverstein Properties, the developers said. Rensselaer, which is funding the project, declined to share the amount it is paying for the space.

    The jointly managed center will focus on developing engineering advances to improve quality of life by researching cancer, Alzheimer’s disease, tissue degeneration and other conditions, the partners said, adding that the lab will open for research in July 2023. 

    “It will be the new biotech hub, and Rensselaer will be at the center of it,” said Gary Zarr, a spokesman for the university, which is upstate in Troy. “This is just the beginning of it, with the lab expected to continue to grow in scale and size.” 

    According to the plan, 60 people will work at the center, including new faculty hires, research scientists, doctoral students, postdoctoral fellows and support staff. Research will continue at Rensselaer’s Troy campus.

    The Center for Engineering and Precision Medicine stems from the collaborative work already taking place between Rensselaer and Icahn Mount Sinai researchers in the field of precision medicine, a personalized approach to disease treatment and prevention based on an individual’s biological, environmental and lifestyle factors.

    Precision medicine is being implemented in areas such as cancer immunology, neuroinflammation and regenerative and reparative medicine.

    Download Modern Healthcare’s app to stay informed when industry news breaks.

    “I do think it’s going to be the future of medicine,” RPI President Shirley Ann Jackson said. “We have all this data, and it’s clinical data, and they have all this data on patients. But the issue is: How do you put all of that together, which is at a gross level, and marry it with an understanding of what’s really going on in a person’s life at the cellular level?” 

    There is a long way to go in understanding how certain genes lead to diseases such as breast cancer, Jackson added. 

    The new center is expected to focus on three research areas: neuroengineering, immunoengineering and regenerative and reparative medicine. 

    The center also will be home to academic programs to help students earn joint, dual or individual doctorates from Rensselaer and Mount Sinai, the partners said.

    Founded in 1824, RPI had total net assets last year of approximately $938 million, according to a PWC audit. Its endowment for last year was greater than $1 billion. Mount Sinai has an operating revenue of $3.2 billion.

    This story first appeared in our sister publication, Crain's New York Business.

    Letter
    to the
    Editor

    Send us a letter

    Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.

    Recommended for You
    skogsberg-woods_i.png
    Advocate Aurora Health, Atrium Health to form $27 billion system
    Centene Corporation_i copy_i.png
    Centene to sell Magellan Rx, PANTHERx Rare for $2.8B
    Sponsored Content
    Modern Healthcare Alert: Sign up for this breaking news email to be kept in the loop as urgent healthcare business news unfolds.
    Get Newsletters

    Sign up for enewsletters and alerts to receive breaking news and in-depth coverage of healthcare events and trends, as they happen, right to your inbox.

    Subscribe Today
    MH Magazine Cover

    MH magazine offers content that sheds light on healthcare leaders’ complex choices and touch points—from strategy, governance, leadership development and finance to operations, clinical care, and marketing.

    Subscribe
    Connect with Us
    • LinkedIn
    • Twitter
    • Facebook
    • RSS

    Our Mission

    Modern Healthcare empowers industry leaders to succeed by providing unbiased reporting of the news, insights, analysis and data.

    Contact Us

    (877) 812-1581

    Email us

     

    Resources
    • Contact Us
    • Advertise with Us
    • Ad Choices Ad Choices
    • Sitemap
    Editorial Dept
    • Submission Guidelines
    • Code of Ethics
    • Awards
    • About Us
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Modern Healthcare
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Current News
      • COVID-19
      • Providers
      • Insurance
      • Government
      • Finance
      • Technology
      • Safety & Quality
      • Transformation
        • Patients
        • Operations
        • Care Delivery
        • Payment
      • People
      • Regional News
        • Midwest
        • Northeast
        • South
        • West
      • Digital Edition (Web Version)
    • Digital Health
    • Insights
      • ACA 10 Years After
      • Best Practices
      • Special Reports
      • Innovations
    • Data/Lists
      • Rankings/Lists
      • Interactive Databases
      • Data Points
    • Op-Ed
      • Bold Moves
      • Breaking Bias
      • Commentaries
      • Letters
      • Vital Signs Blog
      • From the Editor
    • Awards
      • Nominate/Eligibility
      • 100 Most Influential People
      • 50 Most Influential Clinical Executives
      • Best Places to Work in Healthcare
      • Excellence in Governance
      • Health Care Hall of Fame
      • Healthcare Marketing Impact Awards
      • Top 25 Emerging Leaders
      • Top 25 Innovators
      • Diversity in Healthcare
        • - Luminaries
        • - Top 25 Diversity Leaders
        • - Leaders to Watch
      • Women in Healthcare
        • - Luminaries
        • - Top 25 Women Leaders
        • - Women to Watch
    • Events
      • Conferences
        • Transformation Summit
        • Women Leaders in Healthcare Conference
        • Social Determinants of Health Symposium
        • Leadership Symposium
      • Galas
        • Health Care Hall of Fame Gala
        • Top 25 Women Leaders Gala
        • Best Places to Work Awards Gala
        • Top 25 Diversity Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Supply Chain Revenue Cycle
        • - Hospital at Home
        • - Workplace of the Future
        • - Strategic Marketing
        • - Virtual Health
      • Webinars
    • Listen
      • Podcast - Next Up
      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
    • MORE +
      • Advertise
      • Media Kit
      • Newsletters
      • Jobs
      • People on the Move
      • Reprints & Licensing