Altimmune Relocates to Expanded Facility in Gaithersburg, Maryland
08/25/2017
The company designs and develops immunotherapeutic products tailored to address a wide range of diseases, including acute respiratory infections, chronic viral infections, and cancer, with the potential for fundamental advantages over competing products. The new, larger location at 910 Clopper Road, planned to be complete by the first quarter of 2018, will include the company’s research and development facility.
“Our move and expansion marks an important milestone in the company’s history and signals our continued commitment to building a fully-integrated and diversified immunotherapeutics company,” said Bill Enright, CEO of Altimmune. “Montgomery County is one of the most dynamic centers in the country for life sciences businesses, with a strong pool of experienced clinical development talent. As we advance our clinical programs, we see this location as strategic to our future growth.”
To assist with project costs, the Maryland Department of Commerce has approved a $150,000 conditional loan through the Maryland Economic Development Assistance Authority and Fund (MEDAAF). In addition, Montgomery County is providing a $100,000 conditional grant through its Economic Development Fund. The company is also eligible for a grant up to $50,000 from the City of Gaithersburg’s Economic Development Toolbox Program, as well as various state and local tax credits, including Maryland’s Job Creation Tax Credit.
“Supporting the growth of companies like Altimmune helps reinforce Maryland’s leadership in the life sciences industry, and positions us as an ideal location for companies to develop innovative new treatments for diseases around the world,” said Governor Larry Hogan. “This expansion, along with the addition of 45 new jobs, is a win for Montgomery County and our state.”
“Montgomery County is unrivaled in our life sciences R&D assets,” said Montgomery County Executive Ike Leggett. “Altimmune will be in good company as part of our growing biohealth industry that is driven by the noble purpose of saving and improving lives.”
"We're thrilled that Altimune will be expanding in Maryland, a move which demonstrates both the company's commitment to Maryland and the state's commitment to its partners in our thriving biohealth industry," said Maryland Commerce Secretary Mike Gill. "Together, we're working to advance cutting-edge research with the potential to save lives all over the world."
“I’m pleased to report that in the six years Altimmune has been in Montgomery County, the company has enjoyed steady growth in employees, square footage and new business contracts,” says David Petr, President & CEO of Montgomery County Economic Development Corporation. “We welcome Altimmune to its new, 14,000 square foot headquarters in Gaithersburg as it continues to add jobs and build global R&D capabilities.”
Project Announcements
Fluid Cooling Systems Expands Burton, Michigan, Operations
04/24/2025
Fiserv Plans Overland Park, Kansas, Operations
04/22/2025
Custom Air Handling Solutions Expands Burton, Michigan, Manufacturing Operations
04/22/2025
AgriAmerica Fruit Products Expands Chautauqua County, New York, Operations
04/22/2025
The Hershey Company Expands Dauphin, Pennsylvania, Operations
04/21/2025
Delta Star Expands Lynchburg, Virginia, Manufacturing Operations
04/21/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
The Location Economics of Advanced Nuclear
Q1 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Designing Beyond the Assembly Line
Q1 2025