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Alexandria Real Estate Equities, Inc. Continues Its Distinctive, Steadfast and Positive Impact on the Widespread and Complex Mental Health Crisis
AREAlexandria Real Estate(ARE) Prnewswire·2024-02-27 12:00

Mental Health Crisis and Industry Response - The mental health crisis in the US is a significant public health challenge, with over 1 in 5 American adults living with a mental illness and over 50,000 suicides in 2023, including 6,000 veterans annually [1] - Untreated mental illness represents an economic burden of over 300billionannually,withthetruecostsbeingevenhigherforaffectedindividuals,families,andsociety[1]−Thelifescienceindustryisshowingrenewedinterestindevelopingmedicinesformentalhealthdisorders,withrecentadvancementsincludingthefirstFDA−approvedoraltreatmentforpostpartumdepressionbyBiogenandSageTherapeutics[1]Alexandria′sInitiativesandPartnerships−AlexandriaisconveningitssecondAlexandriaSummitonMentalHealthinWashington,DC,toadvancethedevelopmentofnovelpsychiatrictherapiesandaddressunmetneeds[1]−ThecompanyhaspartneredwithVerilytocreateOneFifteen,afullcontinuumofcaremodelforaddictiontreatment,whichhastreatedover7,500patientssinceitsopeningin2019[3]−AlexandriahascollaboratedwiththeNavySEALFoundationsince2010,supportingspecializedmentalhealthprogramsforNavalSpecialWarfarepersonnelandveterans,includingtheestablishmentoftheWarriorFitnessProgramWestCoastfacilityinSanDiego[4]BiomarkerDevelopmentandPublic−PrivatePartnerships−TheAlexandriaSummitonMentalHealthwillfeatureapaneloncreatingapublic−privatepartnershipforbiomarkersfordepression,aimingtodevelopadata−drivenandpersonalizedframeworkforguidingpatientstoeffectivetherapies[2]−Alexandriahasformedadedicatedworkinggroupconsistingofacademics,innovators,non−profits,payors,providers,andbiopharmaceuticalexecutivestoadvancebiomarkerdevelopmentandclinicaltrials[2]Alexandria′sMarketPositionandRealEstatePortfolio−AlexandriaRealEstateEquities,IncisaleadinglifescienceREITwithatotalmarketcapitalizationof300 billion annually, with the true costs being even higher for affected individuals, families, and society [1] - The life science industry is showing renewed interest in developing medicines for mental health disorders, with recent advancements including the first FDA-approved oral treatment for postpartum depression by Biogen and Sage Therapeutics [1] Alexandria's Initiatives and Partnerships - Alexandria is convening its second Alexandria Summit on Mental Health in Washington, DC, to advance the development of novel psychiatric therapies and address unmet needs [1] - The company has partnered with Verily to create OneFifteen, a full continuum of care model for addiction treatment, which has treated over 7,500 patients since its opening in 2019 [3] - Alexandria has collaborated with the Navy SEAL Foundation since 2010, supporting specialized mental health programs for Naval Special Warfare personnel and veterans, including the establishment of the Warrior Fitness Program West Coast facility in San Diego [4] Biomarker Development and Public-Private Partnerships - The Alexandria Summit on Mental Health will feature a panel on creating a public-private partnership for biomarkers for depression, aiming to develop a data-driven and personalized framework for guiding patients to effective therapies [2] - Alexandria has formed a dedicated working group consisting of academics, innovators, non-profits, payors, providers, and biopharmaceutical executives to advance biomarker development and clinical trials [2] Alexandria's Market Position and Real Estate Portfolio - Alexandria Real Estate Equities, Inc is a leading life science REIT with a total market capitalization of 33 1 billion and an asset base of 73 5 million SF in North America as of December 31, 2023 [5] - The company operates 42 0 million RSF of operating properties, with 5 5 million RSF under construction and 23 9 million SF of future development projects [5] - Alexandria's life science mega campuses are located in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle [5]