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​Port of Vancouver cancels plans for biotech hub as anchor tenant backs out

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The Port of Vancouver is abandoning its plans to transform the former Red Lion Hotel into a laboratory building after a Portland biotech company backed out, Oregon Public Radio reported. Port commissioners voted on Tuesday to cancel its lease with AbSci, since the space no longer fits the bioscience startup’s needs. AbSci announced last November it had outgrown its space at the OTRADI Bioscience Incubator and since it couldn’t find sufficient lab space in Portland, it was moving across the…

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