MIAMI-The University of Miami Life Science & Technology Park (UMLSTP) continues its momentum with four new leases. The new deals take down another 7,550 square feet of office and research and development space, bringing the occupancy rate to 63% just four months after the park opened.

The park's newest tenants are medical device firm Binder Biomedical, medical consulting firm Specialty Telehealth Services, the Miami-Dade Chamber of Commerce and DemeRx, the first University of Miami spin-off company to take space. DemeRx is researching treatments for drug addiction among patients coping with chronic pain, paving the way for a new class of non-addictive meds.

“The most exciting aspect of these four leases following our grand opening in September is that the park's momentum continues and should persist well into 2012,” Bill Hunter, the leasing manager for the Wexford Science & Technology-owned University of Miami Life Science & Technology Park, tells GlobeSt.com. “We are expanding our international marketing platform to illustrate the opportunities that exist within the Miami Health District and the synergies that can be realized within the park and the surrounding community. DemeRX and Binder Biomedical are examples of the companies we are capturing early on, as they are entering their commercialization phase.”