Pisgah Laboratories Expands Transylvania County, North Carolina, Operations
08/01/2022
The investment will add sterile injectables and liquid filling operations with a new pilot manufacturing facility, quality control laboratory, warehousing, and microbiological laboratories. The expansion also includes a commitment to develop a life sciences training collaborative with local and regional colleges, universities, and Transylvania County manufacturers.
“We are excited to begin this expansion of Pisgah Labs,” said Dani Bailey, Site Manager of Pisgah Labs, Inc. “We are grateful for the support from North Carolina and Transylvania County. Our parent company, Ipca Laboratories Limited, is making a large investment in Pisgah’s future. Carving a space in the highly competitive pharmaceutical market is not an easy task, but we welcome the challenge and intend to see many years of company growth, job creation and education opportunities for Pisgah Labs and western North Carolina.”
A performance-based grant of $50,000 from the One North Carolina Fund will help with Pisgah Labs’ expansion. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require matching participation from local governments and any award is contingent upon that condition being met.
“Pisgah Labs shares our economic development strategy which prioritizes creative partnerships with an emphasis on workforce training,” said N.C. Commerce Secretary Machelle Baker Sanders. “As a leader in pharmaceutical manufacturing and with our robust network of research institutions, North Carolina has the right formula to support thriving life sciences companies.”
With roots in x-ray film dye and agrochemicals, Pisgah Labs was founded in North Carolina in 1981. The company received its first FDA approval to manufacture active pharmaceutical ingredients in 2002 before exclusively developing pharmaceuticals in 2005. Pisgah holds 31 patents and manufactures the active ingredients for pain medicines and the treatment of disorders and diseases, such as Alzheimer’s and fibromyalgia.
In addition to the N.C. Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC), other key partners in the project include the North Carolina General Assembly, North Carolina Biotechnology Center, North Carolina Community College System, Blue Ridge Community College, Transylvania County and the Transylvania Economic Alliance.
Project Announcements
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024