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The Rhode Island Life Science Hub will open Ocean State Labs, the state's first life science incubator, in early 2026, with six companies, including OncoLux, Inc. and Pax Therapeutics, confirmed to occupy the facility. Designed to support the life sciences industry, the lab can accommodate up to 30 companies and follows a $45 million investment from the General Assembly, with plans for an additional $115 million innovation bond to further enhance the sector. Leadership is optimistic about ongoing legislative backing for growth in Rhode Island's life sciences.