InVivo Therapeutics Named a 2013 “Best Places to Work” Winner by Boston Business Journal

CAMBRIDGE, Mass.--(BUSINESS WIRE)--

InVivo Therapeutics Holdings Corp. (NVIV), a developer of groundbreaking technologies for the treatment of spinal cord injuries (SCI) and other neurotrauma conditions, today announced that the Company has been named one of the Best Places to Work in Massachusetts by the The Boston Business Journal in its eleventh annual regional awards program. The honor recognizes the Companys achievements in creating a positive work environment that attracts and retains employees through a combination of employee satisfaction, working conditions and company culture.

InVivo Therapeutics was one of over 400 companies to qualify for consideration based on a two-stage nomination process and the results of employee-satisfaction surveys taken throughout March and April.

For years, my biggest concern has been managing rapid growth without experiencing a bottleneck in human resources, said Frank Reynolds, InVivo Chief Executive Officer. 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 worlds 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.

Continued Reynolds, 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 Im very proud of everyone at InVivo; theyre the reason weve 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.

The survey project was launched in January by The Boston Business Journal in conjunction with market research firm Quantum Workplace of Omaha, NE. Companies were evaluated on the results of more than 18,000 employee-satisfaction surveys. Employees answered questionnaires that addressed such factors as their pride in the company, company encouragement, support and recognition of achievement and relationships with co-workers and supervisors. The results were analyzed and scored by assigning points to each question. The top 25 companies in three size categories plus the top 5 in a new category called PR/Communications will be awarded during a lively cocktail reception on June 13th at the iconic CitiCenter/Wang Theatre and profiled in a special supplement of The Boston Business Journal on June 14th.

For more event details, please visit http://www.bizjournals.com/boston/event/76851.

About InVivo Therapeutics

InVivo Therapeutics Holdings Corp. is utilizing polymers as a platform technology to develop treatments to improve function in individuals paralyzed from traumatic spinal cord injuries. The company was founded in 2005 based on proprietary technology co-invented by Robert S. Langer, ScD. Professor at Massachusetts Institute of Technology, and Joseph P. Vacanti, M.D., who is affiliated with Massachusetts General Hospital. In 2011, the company earned the prestigious 2011 David F. Apple Award from the American Spinal Injury Association for its outstanding contribution to spinal cord injury medicine. The publicly traded company is headquartered in Cambridge, MA. For more details, visit http://www.invivotherapeutics.com.

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InVivo Therapeutics Named a 2013 “Best Places to Work” Winner by Boston Business Journal