Rhode Island Life Science Hub Prepares to Open Ocean State Labs with Six Companies
The Rhode Island Life Science Hub will open Ocean State Labs, the state's first life science incubator, in early 2026, with six companies, including OncoLux, Inc. and Pax Therapeutics, confirmed to occupy the facility. Designed to support the life sciences industry, the lab can accommodate up to 30 companies and follows a $45 million investment from the General Assembly, with plans for an additional $115 million innovation bond to further enhance the sector. Leadership is optimistic about ongoing legislative backing for growth in Rhode Island's life sciences.
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The Rhode Island Life Science Hub is set to open Ocean State Labs, the state's first life science incubator, in early 2026. Six companies, including OncoLux, Inc., Pax Therapeutics, XM Therapeutics, and P53 Therapeutics, are confirmed to move into the facility at 150 Richmond St., Providence, beginning February 2, 2026.
The lab space can accommodate up to 30 companies and aims to support the life sciences industry in Rhode Island. The Hub was launched in 2023 with a $45 million investment from the General Assembly and is seeking further funding, including a proposed $115 million innovation bond for defense, marine, and life sciences. Leadership expresses confidence in continued legislative support to foster growth in the life sciences sector.
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