Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Seventh Wave Plans $11 Million Expansion To Expand Its St. Louis, Missouri, Operations Hub

05/21/2015
Seventh Wave, a consulting-based contract research organization for the pharmaceutical and medical device industry, will build a 50,000 sq. ft. facility, expanding its presence in St. Louis, Missouri. The company’s $11 million expansion is associated with the expected creation of 42 jobs over the next six years.

With clients around the globe, the company provides integrated services for discovery and preclinical drug development. Previously operating out of a 15,000 sq. ft facility, the company plans to triple its footprint by constructing a new facility where it will dedicate 60 percent of the space to offices and laboratories. An additional 20,000 sq. ft. of shell space will also be incorporated into the expansion to anticipate future growth.

“We are excited about this growth,” said John Sagartz, President/CEO/Founder of Seventh Wave Laboratories. “This expanded facility will enable us to better serve existing clients, attract new clients, grow existing service lines, and launch new service lines.”

As an incentive to assist Seventh Wave with its expansion, Missouri Department of Economic Development has offered a strategic incentive package that the company can receive if it meets strict job creation criteria. The St. Louis Economic Development Partnership also partnered with the company to make its expansion possible.

“With more than 50,000 workers employed in over 3,500 bioscience companies that call Missouri home, the Show-Me State is a hub for research and innovation,” said Governor Jay Nixon. “Seventh Wave’s decision to continue its growth right here in our state will help bring more discoveries from the laboratory to the market as well as create in-demand jobs in an emerging field.”

Share

Exclusive Research