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NEW DIGS: The 30,000-square-foot Ocean Sate Labs is located on the fourth floor of 150 Richmond St., Providence. The new building in the 195 District also houses the R.I. Department of Health laboratory. 
PBN PHOTO/WILLIAM HAMILTON 

Lab space could be a big draw

Rhode Island has gone all in on life sciences, but it still remains to be seen whether the millions of dollars of investment will...
William C. Tsonos

Driving Forces: William C. Tsonos

William C. Tsonos Beacon Bank Rhode Island market president Relationships matter in communities and business, and William C. Tsonos has spent a lifetime building them in...

Providence retinal disease treatment firm publicly launches

PROVIDENCE – Lyora Therapeutics, a Providence-based biotech company specializing in the treatment of hereditary retinal diseases, has officially launched publicly after operating in stealth for the past year.   Lyora’s portfolio...

R.I.-based Lenoss Medical selected for MedTech Innovator Accelerator

PROVIDENCE – Lenoss Medical Inc., a biomedical company focused on repairing spinal fractures, says it has been selected to join the MedTech Innovator 2026...

R.I. Life Science Hub partners with Pawtucket Foundation for healthcare career...

PAWTUCKET – A new partnership between the R.I. Life Science Hub and The Pawtucket Foundation will help communities that have been historically underrepresented in...

Cormier nominated to head R.I. Life Science Hub

PROVIDENCE – Bob Cormier, who has more than 25 years of medical-device and healthcare experience, has been nominated to be the CEO and president of...
USEFUL SKILLS: William C. Tsonos ­believes he was appointed chairman of the R.I. Life Science Hub because of his ability to bring a disciplined, process-­oriented framework to the organization. 
PBN PHOTO/MICHAEL SALERNO

BANKS, BUSINESS, BIOTECH: William Tsonos has emerged as a key influencer...

William C. Tsonos has spent years climbing the ranks of Rhode Island banking, and now he’s taking on an additional role outside the industry...
PLAY AREA: State Rep. David J. Place, R-Burrillville, would like to create a “regulatory sandbox” for biotech firms in the state where a waiver of certain regulations could be approved for activities such as testing, but the proposal has faced pushback from some state agencies. Place stands outside the CCI building in Providence, where some life science firms are located. 
PBN PHOTO/MATTHEW MCNULTY

Biotech ‘sandbox’ bill raises oversight concerns

With Rhode Island making a push for the state to become a burgeoning hub for life sciences and biotechnology firms by building lab space...
PBN FILE PHOTO/MIKE SKORSKI

Most-read stories on PBN.com, March 2026

1. PBN summit panelists: Blue tech, life sciences face ‘a pivotal point’ POSTED ONLINE: MARCH 11. Ocean State industry leaders talked about the challenges...

R.I. Commerce Corp. awards $3M in tax credits to Nabsys 2.0

PROVIDENCE – The R.I. Commerce Corp. board of directors on April 1, approved $3 million for Nabsys 2.0 LLC under the state’s Qualified Jobs...
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