FORT WORTH, Texas, June 20, 2012 /PRNewswire/ -- Healthpoint Biotherapeutics today announced the company is planning a significant upgrade to its 80,000 square foot research and manufacturing facility in Ft. Worth. The new, state-of-the-art facilities will comprise 25,000 square feet of manufacturing infrastructure, labs and clean room space for the production of cell-based therapies.
"We are very pleased to be embarking on this important and innovative initiative at our headquarters here in Fort Worth," noted Travis E. Baugh, President and Chief Operating Officer of Healthpoint Biotherapeutics. "The planned, ultra-modern facility will create an efficient platform to support our lead pipeline candidate, HP802-247, which recently completed a successful phase 2b study in venous leg ulcers. Importantly, the facility will also add critical capabilities as we look toward the promise of regenerative medicine."
The facility upgrade comes as the company is engaged in developing a pipeline of next generation wound care therapies based on cell and cell-matrix biology. The advanced nature of the facility will provide efficient and scalable manufacturing capabilities to support both development and future commercialization, as well as create a unique environment for novel collaboration and identification of new technologies.
Healthpoint Biotherapeutics is planning to invest approximately $60 million to build out and staff the research and manufacturing facility over the next few years. The company plans to add a total of 51 new employees in research and development (R&D), quality assurance and quality control, operations and information technology (IT), with 31 of these hires planned for 2012.
"We are thrilled to have Healthpoint Biotherapeutics locate their state-of-the-art manufacturing facility in our great city," said Fort Worth mayor Betsy Price. "This is the latest example of how life science related businesses are bec
|SOURCE Healthpoint Biotherapeutics|
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