Quentis Therapeutics, a biotech company which is developing immunotherapy to treat cancer, was awarded $1 million from the New York City Economic Development Corporation’s LifeSci NYC Expansion Space Fund.
The money will help Quentis relocate and consolidate at 1361 Amsterdam Ave. in West Harlem. The cancer immunotherapy startup signed a lease with Janus Property Co. for 10,000 square feet of R&D and office space, occupying the fifth floor of the building. Quentis will move from its current locations at the Alexandria Center for Life Sciences at 430 E. 29th St. and at JLABS @ NYC at 101 Sixth Ave. in Lower Manhattan. It was the first company selected to receive an award from a $10 million NYCEDC fund which helps biotech companies expand in the city.
Currently, Quentis has 16 employees. Over the upcoming year it is projected to grow to 24 full-time employees and to hire 50 employees during the next five years. The company focuses on drug discovery, research and development, with expertise in immunology, oncology and chemistry.