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VCU College of Engineering, partners develop plan to strengthen emerging business cluster


VCU College of Engineering, partners develop plan to strengthen emerging business cluster
Published Saturday, Apr. 24, 2021, 8:34 pm
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A coalition of regional economic development, private business and higher education leaders is mobilizing to build a global cluster of advanced pharmaceutical manufacturing, research and development in Richmond and Petersburg.
Under a planning grant from Growth and Opportunity for Virginia, a state-funded initiative administered by the Virginia Department of Housing and Community Development, the Virginia Commonwealth University College of Engineering and its team this week announced a strategy for the region to nurture and grow an interrelated network that would drive new businesses and job growth and ultimately improve acc ....

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Civica Inc. To Invest $124M To Build New Manufacturing Facility In Virginia


Civica Inc. To Invest $124M To Build New Manufacturing Facility In Virginia
Pharmaceutical manufacturer Civica Inc. will invest $124.5M to establish its first in-house pharmaceutical manufacturing operation in Petersburg, Virginia. The company plans to create 186 new jobs.
Civica is a nonprofit generic drug company launched in 2018 to address the problem of chronic generic drug shortages and high drug prices, and a key partner for the new U.S. government-funded partnership with Phlow Corporation, Medicines for All Institute, and AMPAC Fine Chemicals.
Through this partnership, Phlow executed a $354M contract with the U.S. Biomedical Advanced Research and Development Authority (BARDA) to produce essential medications using advanced manufacturing processes from the Medicines for All Institute based at the College of Engineering at Virginia Commonwealth University (VCU). ....

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