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

Aditx Therapeutics Establishes Richmond, Virginia, Facility

05/04/2021
Aditx Therapeutics, Inc., a biotech innovation company focused on improving the immune system, will establish its 25,000 square foot, high-capacity AditxtScore Center at Bio+Tech Park in Richmond, Virginia.

According to state officials, Aditxt will invest $31.5 million and plans to create more than 300 new jobs over three years to scale up its state-of-the-art immune monitoring center.

“Richmond is an ideal location for our first high-capacity AditxtScore Center given its skilled workforce, location, and infrastructure,” said Amro Albanna, Co-founder and CEO of Aditxt. “As we begin rolling out the AditxtScore platform and applications for immune monitoring, the establishment of an AditxtScore Immune Monitoring Network is vital to realizing our full vision for AditxtScore, which is to transform immune diagnosis from reactive testing to proactive monitoring. We look forward to working with the community to complete this important step in the execution of Aditxt’s strategic plan, and we are grateful to the Commonwealth of Virginia, Governor Northam, his team, and all involved for their support and welcoming reception.”

The Virginia Economic Development Partnership (VEDP) worked with the City of Richmond and the Virginia Bio+Tech Park to secure the project for the Commonwealth. Governor Northam approved a $1.3 million grant from the Commonwealth’s Opportunity Fund to assist the City of Richmond with the project. Aditxt is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development, and a Research and Development Expenses Tax Credit for qualifying research and development expenses.

“Aditxt has the potential to significantly improve human health and longevity, and we are proud to welcome this innovative company to the Commonwealth,” said Secretary of Commerce and Trade Brian Ball. “Greater Richmond offers world-class education institutions, research assets, and a pipeline of skilled talent that will support Aditxt’s mission, and we look forward to working with the company as it grows in Virginia.”

Support for Aditxt’s job creation will be provided through the Virginia Talent Accelerator Program, a workforce initiative created by VEDP in collaboration with the Virginia Community College System and other higher education partners, with funding support from the Northam Administration and the Virginia General Assembly.

Exclusive Research