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MPM Capital opens US Midwest office

MPM Capital, a life sciences venture capital firm, has opened its Midwest office in Kansas City.

Governor Mark Parkinson, Joe Reardon, Mayor and chief executive of the Unified Government of Wyandotte County and Kansas City, Kansas, and Tom Thornton, president and chief executive of the Kansas Bioscience Authority, were joined by community, civic and life sciences leaders to welcome MPM and open the newly-renovated MPM Heartland House.

"MPM has long been interested in life sciences throughout the Midwest. While our primary focus at the MPM Heartland House will continue to be human therapeutic products, the Kansas City office gives us better access to the rapidly expanding fields of animal health, crop science and eventually clean energy," says Steven St. Peter, managing director of MPM Capital.

With USD2.3bn of committed capital under management, MPM has invested in approximately 125 companies since 1997.

The MPM Heartland House was built in 1922 by architect Fred S. Wilson for Horatio and Mary Gates.

In 2010, MPM purchased and renovated the home. In conjunction with this restoration effort, MPM listed the property on the National Register of Historic Places. The MPM Heartland House will serve as MPM’s base of operations in the Midwest and house other companies, including companies in which MPM has invested or formed.

The MPM Heartland House is MPM’s third office, with the other two being located in San Francisco and Boston.

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