The exterior of the 1-million-square foot Discovery Labs in Upper Merion, PA The exterior of the 1-million-square foot Discovery Labs in Upper Merion, PA

PHILADELPHIA—Discovery Labs announced today at the Bio 2019 conference here it will embark on a $500-million project that will be part of an even larger initiative intended to create the largest co-working ecosystem for healthcare, life sciences and technology-enabled companies in the nation.

The King of Prussia-based firm, a platform company formed by Radnor, PA-based MLP Ventures, stated at the conference at the Pennsylvania Convention Center in Philadelphia today that it intends to redevelop GlaxoSmithKline's 1-million square foot Upper Merion West Campus and the 640,000 Innovation at Renaissance Campus in King of Prussia into co-working facilities for the for healthcare, life sciences and technology sectors.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.