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InVivo Therapeutics Holdings Corp. (NVIV) Named 2013 “Best Place To Work” By BBJ

|Includes: InVivo Therapeutics Holdings Corp (NVIV)

InVivo Therapeutics Holdings announced that the company has been named one of the Best Places to Work in Massachusetts by The Boston Business Journal, as part of the magazine's yearly awards. InVivo was one of 400 companies considered for the award, the result of employee surveys taken in March and April of this year.

Founded in 2005, InVivo is a Cambridge, MA-based company focused on developing technology using polymers to assist patients who are paralyzed from spinal cord injury. InVivo was founded by Robert S. Langer, ScD. Professor at Massachusetts Institute of Technology, and Joseph P. Vacanti, M.D., who is affiliated with Massachusetts General Hospital. The company won the 2011 David F. Apple Award for its outstanding contribution to spinal cord injury medicine.

The award was given to InVivo to recognize the company's excellence in both attracting and retaining employees, maintaining a positive work environment, working conditions, and company culture. Results were culled from more than 18,000 employee satisfaction surveys. InVivo and the other winning companies, in three size categories, will be honored at an event on June 13 at the CitiCenter/Wang Theater.

Frank Reynolds, InVivo CEO, said, "For years, my biggest concern has been managing rapid growth without experiencing a bottleneck in human resources. In early 2012, we had approximately ten employees, and already we knew that we would be going through intense hiring periods, possibly adding as many as two hundred employees in a quarter. At that point, we partnered with the architects and designers at Kling Stubbins to build a new headquarters in Kendall Square and become the world's most advanced neurotrauma research center. We now have more than fifty staff members, and are still going strong. We hit a grand slam with the new headquarters and created an innovative, exciting, and collaborative corporate culture that has already resulted in the addition of six more products to our pipeline."

Reynolds continued, "Fostering employee development is at the core of our mission. My employees know that the Company will do just about anything to support their success, and I'm very proud of everyone at InVivo; they're the reason we've been recognized by the Boston Business Journal."

"Our Best Places to Work event will again recognize the importance of cultivating a great workplace culture as a competitive advantage," said Chris McIntosh, publisher of The Boston Business Journal. "Companies on our list can be justifiably proud of creating a high level of workplace satisfaction during an economy where traditional rewards like big raises and bonuses aren't as easy to give. In good times and in bad, our results validate how the creation of the right corporate culture can create powerful business advantages. Employees are proud to work for companies that are about more than just business."

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