people in in a way that might surprise you in terms of the leaseholds, the terms of agreement, the kinds of resources they're using out of our facilities, and so on. so it's been very flexible. the other point i'd make is that the citizenship has been good. all our friends, when they heard this, said you're going to regret this. you're going to have g.n.p. violations, people are going to steal your stuff, i.p., blah blah blah. it turned out not that way at all. so i don't know of a company that's been disciplined. i know of a couple of places where we had to tell people not to put their bicycles in the hallway and stuff like that to obey code. but not much at all in that regard. and in fact, i just sort of think of it as a lot of very good citizens, what the experience has been for fibrogen. imming that part of it is important to see because we take certain risks in making the space available.

today we have not been exposed or had to pay for taking those risks. in terms of the economic package, we assumed that a fully operating building, where our costs for the space they have are pushed through directly with no mark-up. it would be attractive compared to the alternative of having to build an entire leasehold at 2,000 square feet and build another one at 8,000 and build another one at 20,000, and that indeed has been the case. so people don't object about the economics and we stayed on this path of passing through the cash costs that we incur as the basis for renting out space. the last two weeks i was in

china. the cities are competing against each other for our factory in china so the back drop there is we have the first oral anemia drug, which addresses an unmet medical need throughout the world, where people cannot get therapy, it's too expressive, they can't get to hospitals, things like that. in china, there's about 20 million people that are desperately anemic by the u.s. standard. they're more anemic than the worst cases in the u.s. they're medically urgent cases. so we're the first to do this. what we'll require is you build a factory here to make the medicine, but we'll allow you to move forward on that path. so in the course of events, i met many chinese government officials all over china.

in the past two weeks, i got five different comments from different people about this program here. government officials expressing their appreciation for the fact that we would be willing to do this as a sign of how we might be as a business partner this china. and to me, that's very surprising. we do have one chinese tenant, who is an affiliate of the government. china medical city. i don't know if they're here today. what i've learned is that a lot of people outside of the bay area are watching what we're doing with a rot of interest, -- lot of interest, because how to create the starting point for companies other than just say go find money on your own. has been difficult. particularly in life science where is a lot of infrastructures needed to be

effective. so with that, thank you very much. we get the one week of the year where the weather is fantastic, or the one month, so enjoy it. it's not like this all the time. thank you very much. [applause] >> thank you, tom. now i'd like to introduce eric cher. eric has r.n.d. for solaria. solaria has been with us a little over two years, one of the companies that tom referred to earlier that they've had significant organic growth. >> thank you. >> solaria technology started 2 1/2 years ago. at that time, we were down the peninsula. we were two people, hadn't raised money yet. the idea was try to take on big

oil and replace petroleum derived chemicals, replace those with a cleaner source. that's no small order, as i'm sure you're aware. at that time, we knew that we'd have to combine together a bunch of fields that hadn't been used previously. it was about that time that we learned about fibrogen and setting up this new space. i believe we were the first or second tenant in here as a micro company. we've decided we've been able to grow both the technology, the funding, so we recently announced we closed an additional $20 million, which is an investment we're bringing into the city, and used it to grow from two people to create about 30 jobs right now, all located in san francisco. all because of the support that

we've had both from the city through mayor lee, previously mayor newsom, and todd ruffo, as well as through fibrogen. i'd like to thank tom and katherine and jenny for fully supporting our organic group. we continue to grow and develop this innovation in partnership with the fibrogen incubator exunety here. >> so now we've heard from the clean tech side. now we'd like to welcome the c.e.o. of lexus. >> we are genetically energying a mouse for human therapeutic antibodies. they have proven to be one of the richest sources of

innovative breakthrough drugs to treat human disease. a little company down the road has been built entirely on its breakthrough drugs to treat cancer and auto immune diseases. to license this mouse to companies doing antibody drug discovery so they can use it to discover the next generation of breakthrough drugs. we've licensed our platform to five of the world's top 15 pharmaceutical companies. we believe this provides a very strong vote of confidence in what we're doing. lexus was founded in 2009. originally we were located in pasadena.

i wanted to relocate the company to san francisco. i looked at a number of places in the bay area. after looking at places in the east bay and the peninsula, i realized the company should be right here in the mission bay innovation center. why? we were always going to remain small. i wanted to be a capital efficient company, and the opportunities to maintain cost control were huge by relocating the company here. being in san francisco, we are also ideally located to recruit top talent, and we've done so. we're goiming to -- going to remain small. my standards for hiring top employees, very high. we found good employees and they've relocated from other cities in california and the east coast to work here. so we've brought new, talented people into the company.

we also have people who commute in from the peninsula. i think that's another strong selling point that people in mission bay don't realize. we're at the center of a transit hub and that's very important for not only environmental reasons, but allowing people to come into the city and work efficiently. so we have employees who ride cal train. we also have employees who walk. so we're very proud to be calling fibrogen our home. and as a vote of confidence of the future here, we have extended our lease to stay here, and i'd like to thank katherine and jenny and tom for their support in making this such a great place in which to have a biotech company. thank you.

>> when this plan initially started, it came out of mayor lee's office. and the idea was presented to us by todd ruffo by the office of economic development. we talked about the micros as partners and the various innovation centers. one of our biggest partners in this has been ucsf. with that, i'd like to introduce you to douglas crawford. >> this is a experiment that was begun maybe 1, 15 years ago.

in the long term, the vitality of mission bay will depend on the small companies that come to make this home as well. it's that integration between small and large companies that made this so attractive for bay area in part to come here. so that is something that we don't often take credit for or give credit to in the mayor's office deserves credit for making that happen. at the end of the day, what will make this a community will be people that -- people are network hubs for making this happen and qb3 is one. katherine has proven to be one of the important network hubs, and she deserves our thanks for that. so congratulations. >> i think with that, that concludes the scheduled speakers.

but now i'm going to open this up to any questions that we might have from the press. ok. with that, i would invite you to either stay out here and special outside or join us inside. i believe we do have some treats in there. and fairly shortly after a few minutes, we are going to take the mayor on a tour of a couple of the labs and give him an idea of what this really looks like. thank you all for coming. [applause]

>> good afternoon. i have wanted to say this for some time. thank god for heroes. thank you very much. [applause] thank you for being here this afternoon to do something that is a great, great celebration for our city. last october 19, while driving her daughter to school very early in the morning, she saw a crash, a very horrible crash. she decided she would stop. she decided to take a look at what occurred.

as she saw the flames and the truck overturned and noticed there was somebody in the street, she stopped her car and got out. she did not hesitate. she went out and pulled somebody out. in danger to herself and she had no hesitation. as a result, she saved somebody's life. in fact, she saved a life of mike, who is here today. thank you. [applause] we have invited her here today, not only to praise her, but we ask that she bring her whole family. one of the things i have been thinking about, personally, we not only wanted to recognize her with our fire commissioners better here today, fire managers caught fire chiefs, police chief, and his command staff.

they all know what heroes look like and feel like. they wanted to join me in this celebration. i also wanted to tell you -- not only did she act selflessly, but there is something there where you are trying to figure out whether or not you would have done the same thing. to know that she did this by instinct almost, as reported, without concern for her own safety and saving somebody's life, i have to say that i wanted her here. i wanted her family here. a lot of times it's not that you learn this in school or friends. instinct, sometimes, is a reflection of your family.

thank you very much. [applause] i know you're very proud of your family. when instinct comes -- you look at who brought them up. i think it's a reflection of the family, the values, things they are talked. -- things they are taught. growing up, you learn things that are instinct of character. i wanted to make sure the family got the recognition here today to you are part of her heroism. it takes a family to raise somebody who has the right instincts to do what it is. thank you to mike and the royal

trucking company for their support. this is the first time you have been able to meet each other. it's a great union. it is what we in san francisco have been so proud of learning and understanding. on behalf of the city and county of san francisco, i want to present to you are signal of being a hero for us and even to our own heroes in our fire department and police department. i want to present to you, on behalf of the city, a signal for us. if i could then present to you -- [applause] this award.

it is titled, "the city and county of san francisco goods american award presented to kena williams in recognition of your heroism on december 19, 2011." "your city and your mayor is grateful for your courage and bestows this good samaritan award to you today, october 17, 2011." [applause] i present this to you, as well. >> thank you. >> we just gave something here. a new backpack with a lot of goodies in it. ok. now i would like to have the fire chief come up. >> i cannot wait to go to school.

[laughter] >> thank you very much, mr. mayeor. after we in formally acknowledged last week, a lot of people from the media came up. if i could echo what i said last week -- what you did was phenomenal. it made a huge difference. mike is with us today. i know you two will always have a special bond because of what you did last week. like i said to you, you played a special role, too. you did exactly what your mom told you to do. you state in the car so she could go out and do what she needed to do. a lot of people would not have done that. especially having your daughter in the car -- like the mayor said, you did not hesitate. it was instinctive. for that, all of us that where

the uniform and have the training are in complete awe of what you did last week. at 22 years old with a 5-year- old daughter, it has got to make you feel good. i can tell what a special bond you have got. you have got your daughter here agree you have your mother, your grandmother, your aunt, and other relatives. i know mike had a chance to talk to you yesterday prove he probably wants to say a few words, as well. i know he loves you. the media will want to talk to you, as well. people were inspired by your story. it's incredible. thank you very much, on behalf of the members of the san francisco fire department. we really appreciate it. the chief appreciate it, as well. we are tr training or the equipment.

you did it. it's an honor to know you. [applause] >> in addition to our commissioners on the fire commission and our command staff, i also want to thank the supervisor for being here, and the royal trucking company mike was working with and is working for, and their support for kena , as well. would you like to say a few words? >> of course. >> all right. >> good afternoon, everybody. in here. i am really thankful you guys are giving me -- everyone is proud of me, even people who do not even know me. i'm grateful for my family and for everybody.

mike, i'm glad you're all right. that was my main concern. i really appreciate you guys so much. i am so overwhelmed right now. i am very thankful and grateful. that is all i really have to say. [laughter] i love everybody and i love you. even if i did not know you, still came out to help you. i did not know who you were or nothing like that. in a good hearted person. i prayed the whole time i was getting you. i am glad you are standing and i am really grateful. >> thank you. >> come on up, mike. >> i am not much of a speaker.

for some reason, at that particular moment, this beautiful lady decided to stop. to me, she is my guardian angel. if she had not have stopped, i do not know what would have happened. i know i would have been there by myself and alone. i really do not know. god bless you. you will always be in my heart. thank you. [applause] >> thank you. thank you. thank you, again, to the family, for having such a wonderful daughter and a wonderful san francisco citizen. thank you very much. thank you.

>> good morning, everyone. i'm jennifer mats. i'm director of the mayor's office of economic and work force development. i'd like to welcome you here this morning to the grand opening of pearls and for announcement regarding our community ambassador program here on central market as well as some increased public safety measures. without further ado, i'm going to introduce mayor ed lee and then a few other speakers to talk about the initiatives and talk about pearl. so mayor lee? >> thank you. thanks, jennifer. >> good morning, everybody. can everybody hear me? all right. well thank you, everyone, for coming to the new pearls delux burger here at sixth and market. thank you. [applause] i want to thank silvia, the

owner. jim is the manager here. thank you for managing this place. and also congratulate all 16 permanent employees who have just started here today. that's been a theme of ours. i know david chui is here. kim is here. jennifer with thank you very much, supervisors. tiffany, director of our redevelopment agency. thank you for being a great partner on this. our chief of police, who is making sure -- because he just signed a lease right next door down the block for the sixth street substation. we're getting that bill! [applause] that is coming onboard next year and it's on its way. he signed a lease. the construction documents are

getting in place. we just have to get past the little freeze the governor put on us on redevelopment. but that's not stopping the redevelopment staff from doing their work. thank you very much. all of you for the redevelopment staff, thank you for being here today. we did -- i just rode down here, we did that on the green bike lanes. we hope everybody gets the chance to do it. we'll have a meeting the next couple weeks to find the patches to smooth over even more of the green bike lanes so people can stop by right here, get their burgers and the shakes and the real shakes, not the ones on the bike. thank you, leah, for a wonderful ride down here as well. and i also want to thank the bicycle owner, whose bike i got to rent this morning, huckle berry bicycles. thank you very much. zack sender. there he is. we're opening up his bicycle

repair and maintenance shop, right up the street by the end of the month. they're going to really have a great partnership. i want to thank zack and everybody because they've been offering free bicycle tune-ups for all of the bicyclists that come down market street for many, many months. thank you, zack, for being here. look forward to opening up your place. you need to ride a bicycle to get here because these burgers are so good that you're going to want to really work them off. i know i'm going to do that as i pick up my burger and go back to my very, very long meetings this afternoon. i want to thank jen, amy co-en, her wonderful staff. they've been working together with our redevelopment agency with the market street, the c.b.d. thank you for being there. carlin diamond from our market street association as well. the c.a.c., i need to thank

them. where's john and terry bow guard? thank you. the owners of the building. thank you for being here. thank you for the construction work as well. thank you. you've all been very patient working with us, working with our mid market, our cultural district lone fund with the oewd, with redevelopment and their funding. there were many months of that when gavin was mayor to put that all together. they had great faith. just like ralph lee does. because he's the owner of a nice hotel up there, the hotel, and he's known that this feeling of the transformation of mid market is really coming, and it's come with today's opening and a lot of people's hope continued to make sure that my office, working with the boozer, continue the positive transformation.

so we have two announcements today and i want to get to them. thank you so much for being here. market and tenderloin, randy sharbg tenderloin housing. thank you for being here. we look forward to working with you on the grocery store and museum and everything else for the tenderloin. thank you very much. with that, i wanted to just brush with you alittle bit of the history here. as i said earlier, it began over a year, year and a half ago in 2010 to really look at this corner, and when silvia and young decided ok, if we've got a little help with redevelopment, oewd, with our cultural district loan fund, all the positive things that are going on here, they made a long-term commitment to being here