Cumberland Emerging Technologies Expands Life Sciences Center

        Cumberland Emerging Technologies Expands Life Sciences Center

- Center anchors emerging high-tech corridor in downtown Nashville- Recently
completed project marks facility's third expansion

PR Newswire

NASHVILLE, Tenn., Dec. 10, 2012

NASHVILLE, Tenn., Dec. 10, 2012 /PRNewswire/ --Cumberland Emerging
Technologies, Inc. (CET), a company formed to advance early-stage biomedical
technologies and products from our Mid-South region to the marketplace,
recently completed an expansion of its life sciences incubator. The project
brings the facility to over 14,000 square feet, more than doubling its size
and providing additional wet lab, office and storage space to current and
prospective tenants.

"This expansion is a significant milestone for CET and Nashville's growing
life sciences community," said A.J. Kazimi, Chief Executive Officer of both
CET and Cumberland Pharmaceuticals. "We opened the facility in 2002 because we
saw a need for wet lab space and other support services among emerging life
sciences firms. Since then, we have expanded the facility three times as that
demand continues to grow. The additional space will allow us to better serve
our existing tenants while providing a growing number of early-stage companies
with the resources and support required to commercialize new products."

The Life Sciences Center is located in downtown Nashville in the historic
"Gateway to Nashville" building, adjacent to the Union Station hotel and the
Frist Visual Arts Center. The Center anchors an emerging "high-tech" corridor
in the "SoBro" area located south of Broadway Avenue in downtown Nashville.
Prior to the expansion, the Center was fully leased. It provides lab and
office space, equipment and infrastructure support to six companies, including
three organizations recently awarded $3.2 million in federal small business
grants. Additionally, CET has graduated a growing number of tenants that moved
into their own facilities after successfully establishing their businesses at
the Life Sciences Center.

To celebrate the expansion, CET will host an open house on Monday, December 10
at 4 p.m. Tours of the facility will be provided and Fritz Bittenbender, Vice
President of the Biotechnology Industry Association (BIO), will serve as the
guest speaker.

About Cumberland Emerging Technologies Inc.

Cumberland Emerging Technologies Inc. (CET) is a joint initiative between
Vanderbilt University, Cumberland Pharmaceuticals Inc., and Launch Tennessee,
formally known as the Tennessee Technology Development Corporation (TTDC). The
mission of CET is to advance biomedical technologies and products conceived at
academic research centers towards the commercial marketplace. CET manages the
development and commercialization process for select projects, and provides
expertise on intellectual property, regulatory, manufacturing, and market
issues that are critical to successful new biomedical products.

CET has sponsored Middle Tennessee's first life sciences incubator located in
downtown Nashville adjacent to the Union Station Hotel and the Frist Visual
Arts Center since its founding in 2002. This Life Sciences Center provides
laboratory space, equipment and other support to a growing number of tenants
who specialize in medical products and research advancements.

Contact: Rebecca Kirkham
Lovell Communications Inc.
(615) 297-7766

SOURCE Cumberland Emerging Technologies, Inc.
 
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