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N.C. lands another gene therapy expansion in Durham. This one will create 200 jobs.
Jan. 7 DURHAM Yet another gene therapy company is adding jobs in Durham.
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On Thursday, the N.C. Commerce Department said that Adverum Biotechnologies, a California-based company, will add 200 jobs in Durham.
The state is giving the company an incentive package worth $3 million, which will be paid to the company if it meets hiring and investment goals in Durham. The county is expected to add $700,000 in incentives as well.
Adverum will create the jobs by 2025. The average wage is expected to be around $94,000.
Adverum joins a growing roster of gene therapy companies operating in the Triangle. The state has focused a lot of its recruitment in recent years on companies in the industry.