Created: July 01, 2021 05:46 PM
RIO RANCHO, N.M.-The state is investing $5 million in economic development funds in NTx, a startup which began in a small lab at Santa Fe Community College.
The new Rio Rancho facility will allow scientists to develop live-saving drugs and vaccines. Imagine a vaccine could have been made available, not in a matter of months, or six months, eight months, but it could have been made available in a matter of weeks, said Alex Koglin, CEO of NTx.
The investment is part of the state s push to diversify the economy.
“They are incubating vaccines that use mRNA technology, which we didn t know what that was before COVID. And now a lot of us know what that is. And it s incredible that that s going to be happening here in Rio Rancho,” said Alicia Keyes, New Mexico Economic Development Secretary.