Massachusetts-based Thermo Fisher Scientific spent $32 million to convert the long-dormant big box retail space into a drug development research facility. The company also has two other labs downtown and elsewhere in Henrico.
The cash haul comes as Phlow and other members of the regional Alliance for Building Better Medicine just received a $53 million federal pandemic recovery grant to build new labs in Richmond and Petersburg.
Pharmaceutical, Aviation R&D Projects Bring $55M To Virginia businessfacilities.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessfacilities.com Daily Mail and Mail on Sunday newspapers.
Activation Capital will build a 100,000-square-foot lab in downtown Richmond, while Civica will construct a 60,000-square-foot lab in Meadowville Technology Park to support its drug manufacturing facility in Petersburg.