New life sciences business breaks ground in College Station
Matica Biotechnologies will open in about six months.
COLLEGE STATION, Texas (KBTX) - A new life sciences company is coming to College Station.
Tuesday morning Matica Biotechnology broke ground at Providence Park near the Academy store in College Station.
The company will be doing state-of-the-art work in therapeutics, vaccines and vectors.
Eventually they hope to bring about 100 jobs to the Brazos Valley. Company staff say right now they don’t have work related to the pandemic but there are options in the future. The company will be moving into a space at a 50 acre site and also expanding there.
“For our clients what we do is we develop new manufacturing processes for novel therapies, for novel vaccines and we scale those processes up and then we produce product so they can take that supply and they can test it in patients during clinical trials, as well as for commercial product that a doctor would prescribe for his patient,” said Andrew Arrage, Matica Biotechnology Chief Commercial Officer.
”It is their goal to target on diseases and to try and maybe get us to a point where maybe we can’t eradicate the disease but we certainly can get to the point of where we prevent it from harming our citizens,” said Mayor Karl Mooney of College Station.
“The other thing is, is that they’ll be hiring over 100 people. Average salary is over $80,000 per person and so really bringing some great economic vibrancy to the community,” said Matt Prochaska, Brazos Valley Economic Development Corporation President and CEO.
The company hopes to be operating here in six months.
Matica Biotechnology is also receiving a Chapter 380 agreement. Prochaska said the company is receiving a $40,000 incentive from the Brazos Valley Economic Development Corporation.
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