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Tuesday, Nov 28, 2023

Amgen Foundation Invests Additional $30M in LabXchange

The Amgen Foundation, a philanthropic venture from the Thousand Oaks biotech giant, announced today that it is investing further into online science education platform LabXchange with a $30 million donation.

LabXchange’s platform provides users with access to science education, personalized instruction, online lab experiences and networking opportunities at no cost. The company said in a statement that the additional funding will enable it to launch a new teacher ambassador network, develop more content, translate content into 30 languages and increase content offerings that address racial inequity.

Amgen is the founding and lead sponsor of LabXchange, which previously received $13 million in funding from the Amgen Foundation. It is located in Cambridge, Massachusetts.

“We believe that everyone needs science, and that science needs everyone. To date we’ve reached 20 million users in 230 countries and territories around the world,” Gaurav Vazirani, managing director at LabXchange, said in a statement. “To fully realize our vision, we aim to grow our global science classroom from 20 million people to 50 million by 2025.”

LabXchange added that the funding will help it expand and strengthen partnerships with science, technology, engineering and mathematics organizations around the world.

“By overcoming barriers of cost and geographical location, LabXchange is helping to level the playing field, so learners of all ages everywhere have access to world-class science education,” Judy Brown, senior vice president of corporate affairs at Amgen and chairman for the Amgen Foundation, said in a statement.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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