ALBANY — A French biotech firm that is using artificial intelligence to develop personalized cancer treatments is setting up shop in Albany with help from Empire State Development, the state’s economic development arm.
One Biosciences, headquartered in Paris, will take space in the Albany College of Pharmacy and Health Sciences’ Life Sciences Innovation Building (formerly known as the Center for Medical Sciences) on New Scotland Avenue in Albany. It will be the company’s first location outside of France.
The company has been offered $525,000 in state tax credits under the state’s Excelsior Jobs Program, which offers tax credits in exchange for job creation in the state. One Biosciences has pledged to ESD to create 42 jobs and invest $18 million in the Albany location over the next five years…