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Vitreon America, Inc. Relocates Headquarters To Baltimore, Maryland

06/27/2017
Vitreon America, Inc., a botanical research company, plans to relocate its headquarters to Baltimore City, Maryland. The new location will allow the company to better partner with the state’s world-class medical and botanical research institutions.

The company anticipates creating 200 full-time jobs at their new Wicomico Street location over the next five years. In addition to relocating its headquarters, the company also plans to establish its laboratory, research center, and grow zones in Baltimore City in approximately 200,000 square-feet of space.

The company’s business model is based on a specialized plant database comprised of botanicals and phytochemicals that can be used in the creation of new medicines.

“Baltimore offers all the business, scientific, and medical attributes that we need in order to capitalize on the vast potential of this industry,” said Dr. J. Randall Hoggle, Chairman of the board of Vitreon America, Inc.

The Maryland Department of Commerce and the Baltimore Development Corp. are continuing to work with Vitreon on its relocation project. The company is eligible for the state’s Job Creation Tax Credit and One Maryland Tax Credit.

“We are very pleased to welcome Vitreon America to Baltimore, with access to our highly-skilled workforce, top-rated universities and research institutions, and unparalleled reputation for innovation,” said Governor Larry Hogan. “This relocation, and the 200 new jobs it will create, is a win for Baltimore City and our entire state as we continue to make Maryland a better place to live, work, and raise a family.”

“We’re excited that Vitreon is relocating its global headquarters to Baltimore City,” said William H. Cole, President & CEO of the Baltimore Development Corporation. “Potential partnerships with 13 colleges and universities as well as two established bioparks makes Baltimore very attractive to companies in medical, biotechnology, and now botanical research and development. We wish Vitreon continued growth and success here.”

“Maryland has an outstanding reputation as a place of groundbreaking medical breakthroughs and discoveries, and the innovative research that Vitreon is doing to develop new plant-based medicines will be a great addition to our community,” said Mike Gill, Maryland Secretary of Commerce. “We look forward to continuing to work with Vitreon and connecting them to potential partners to ensure their success in Maryland.”

As part of the company’s move to Maryland, Vitreon will work closely with Morgan State University and provide its plant database and botanical research capabilities to the greenhouse on the university’s campus.

“We saw this as an opportunity to build on Morgan State University’s historic leadership in botany and support a new generation of scientists who can leverage the power of plants to secure research funding and create new knowledge,” said Abell Foundation President Robert C. Embry Jr. “Vitreon will catalyze that process with its plant database and ability to generate commercial applications.”

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