Dallas, October 2, 2025
News Summary
Pegasus Park in Dallas is positioning itself as a pivotal life science innovation hub, fostering startup growth and attracting investments in biotechnology. With shared facilities, strong partnerships, and access to major healthcare institutions, this 26-acre campus offers invaluable resources. Initiatives like the $2.5 billion ARPA-H project and collaborations with local universities aim to accelerate research and development in the region, bolstering the life sciences economy of North Texas.
Dallas — Pegasus Park in North Texas is emerging as a major life science innovation hub that aims to accelerate startup growth, attract investment, and link research institutions with industry partners.
Key developments and strategic value
At INVEST Digital Health 2025, David Snow, Executive Director of Pegasus Park, presented details about the hub’s growth and investment potential. The presentation highlighted that Pegasus Park is evolving under the vision of Lyda Hill, who aims to grow life science companies and build a social impact hub in the region. The presentation framed Pegasus Park as a site where lower risk, quicker growth, and better returns for investors are possible because of shared infrastructure, proximity to partners, and a dense regional ecosystem.
Innovation hubs like Pegasus Park facilitate creativity, collaboration, and idea exchange among startups. Life science startups benefit from shared lab spaces, essential for lowering burn rates since profitability can take years. Proximity to other startups, collaboration partners, and investors enhances partnership and M&A opportunities, while the reputation of academic institutions and researchers involved in the startups lends credibility to the hubs.
Campus location and accessibility
Pegasus Park is located in Dallas’ Innovation District, adjacent to major healthcare institutions like UT Southwestern Medical Center and Parkland Health. The campus is less than four miles from Love Field Airport and under 15 miles from DFW International Airport, providing critical access to resources and networking.
Campus and facilities
The 26-acre Pegasus Park campus includes: The Tower at Pegasus Park, housing accelerators, investors, healthcare, and higher education offices; BioLabs Pegasus Park, an incubator which opened in 2022, filled its workspace availability four years ahead of schedule and hosts over 20 startups; BridgeLabs opened in 2024 to accommodate growth-stage life science companies, offering 135,000 square feet of R&D space, including customizable lab suites.
BioLabs Pegasus Park provides access to facilities and equipment valued at over $5 million, including state-of-the-art tools from partners like Thermo Fisher Scientific and Millipore. The incubator model reduces capital expenditures and operating overhead for early-stage companies and accelerates access to technical resources that would be cost-prohibitive for single startups.
Regional ecosystem and partnerships
North Texas has over 70 higher education institutions with a 72% graduate retention rate, contributing to higher startup survival and success rates. Collaborations at Pegasus Park include the launch of the National Center for Therapeutics Manufacturing Satellite Campus by the University of Texas at Arlington and Texas A&M University at Pegasus Park. Southern Methodist University houses its Institute for Computation Biosciences at the campus for biotech research and development.
Federal and national initiatives have a presence at Pegasus Park. Advanced Research Projects Agency for Health (ARPA-H) established a $2.5 billion initiative at Pegasus Park in 2023 to accelerate breakthroughs in diseases. North Texas also hosts eight major health systems and seven national healthcare organizations headquartered in Dallas, strengthening the bioscience ecosystem and facilitating clinical, translational, and commercial partnerships.
Market activity and future prospects
Over the last five years, more than 50 life science companies in the region engaged in M&A deals, including a notable transaction in which Reata Pharmaceuticals was acquired for over $7.3 billion. The Texas biotech market is navigating a post-pandemic bear market but shows optimism due to new state laws and federal initiatives. Artificial intelligence is identified as a promising innovation within biotechnology, with potential to speed drug development and reduce time-to-market for therapeutics.
Recent developments outside the campus also support regional growth: NTxBio’s plan to build a $31 million facility in Plano, generating over 170 jobs and focusing on cell-free biomanufacturing, and the Texas Research Quarter in Plano, a $4 billion life sciences district spanning 200 acres, which will support future biotechnology and life sciences activity.
Implications for investors and startups
Investors are being presented with a combination of physical infrastructure, academic partnerships, and state and federal initiatives that can reduce early-stage risk and shorten development timelines. For startups, shared lab space, access to core equipment valued at over $5 million, and direct proximity to healthcare systems and research universities are key advantages cited by the hub’s leadership.
Background context
Pegasus Park’s development is part of a broader strategy in North Texas to build a clustered life sciences economy. The convergence of institutional research, workforce retention, infrastructure investments, and targeted facilities such as incubators and growth-stage labs aims to increase the region’s ability to spin out companies, attract M&A activity, and retain highly trained graduates.
FAQ
Q: What does the Pegasus Park campus include?
A: The 26-acre Pegasus Park campus includes: The Tower at Pegasus Park, housing accelerators, investors, healthcare, and higher education offices; BioLabs Pegasus Park, an incubator which opened in 2022, filled its workspace availability four years ahead of schedule and hosts over 20 startups; BridgeLabs opened in 2024 to accommodate growth-stage life science companies, offering 135,000 square feet of R&D space, including customizable lab suites.
Q: What facilities and equipment are available at BioLabs Pegasus Park?
A: BioLabs Pegasus Park provides access to facilities and equipment valued at over $5 million, including state-of-the-art tools from partners like Thermo Fisher Scientific and Millipore.
Q: How close is Pegasus Park to major medical institutions and airports?
A: Pegasus Park is located in Dallas’ Innovation District, adjacent to major healthcare institutions like UT Southwestern Medical Center and Parkland Health. The campus is less than four miles from Love Field Airport and under 15 miles from DFW International Airport.
Q: What regional educational resources support Pegasus Park?
A: North Texas has over 70 higher education institutions with a 72% graduate retention rate.
Q: Are there federal initiatives at Pegasus Park?
A: Advanced Research Projects Agency for Health (ARPA-H) established a $2.5 billion initiative at Pegasus Park in 2023 to accelerate breakthroughs in diseases.
Q: What recent regional investments were noted?
A: Recent developments include NTxBio’s plan to build a $31 million facility in Plano, generating over 170 jobs and focusing on cell-free biomanufacturing. The Texas Research Quarter in Plano, a $4 billion life sciences district spanning 200 acres, will support future growth in biotechnology and life sciences in the area.
| Feature | Detail |
|---|---|
| Campus size | 26-acre Pegasus Park campus |
| Incubator | BioLabs Pegasus Park opened in 2022; filled its workspace availability four years ahead of schedule; hosts over 20 startups |
| Equipment value | Facilities and equipment valued at over $5 million |
| Growth-stage lab | BridgeLabs opened in 2024 offering 135,000 square feet of R&D space |
| Higher education | North Texas has over 70 higher education institutions with a 72% graduate retention rate |
| Federal initiative | ARPA-H established a $2.5 billion initiative at Pegasus Park in 2023 |
| Regional projects | NTxBio’s plan to build a $31 million facility in Plano, generating over 170 jobs; Texas Research Quarter in Plano, a $4 billion life sciences district spanning 200 acres |
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Additional Resources
- MedCity News: The Burgeoning Life Science Ecosystem of North Texas
- Local Profile: $31 Million Biomed Facility Planned for Plano
- Dallas Innovates: North Texas Caris Life Sciences Eyes $5.3B Valuation
- GlobeNewswire: BioNTX to Join Strategic Partners at BIO International Convention
- Dallas Innovates: The Model is Broken – A National Call to Action for Biotech’s Future
- Wikipedia: Life Sciences
- Google Search: North Texas Life Sciences Innovation
- Google Scholar: North Texas Biotechnology
- Encyclopedia Britannica: Biotechnology
- Google News: North Texas Biotechnology
Author: STAFF HERE DALLAS WRITER
DALLAS STAFF WRITER The DALLAS STAFF WRITER represents the experienced team at HEREDallas.com, your go-to source for actionable local news and information in Dallas, Dallas County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the State Fair of Texas, Deep Ellum Arts Festival, and Dallas International Film Festival. Our coverage extends to key organizations like the Dallas Regional Chamber and United Way of Metropolitan Dallas, plus leading businesses in telecommunications, aviation, and semiconductors that power the local economy such as AT&T, Southwest Airlines, and Texas Instruments. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
