Two New Start-Ups to Locate in UVa Research Park
Wednesday, July 24, 2013
Two new biotech start-up companies, RioGin and Alexander
BioDiscoveries will be setting up at Emerging Technology Center lab
building at the University of Virginia Research Park this month.
is a collaborative enterprise involving former University of Virginia
faculty that is focused on improving the performance of pharmaceutical
compounds through production of new safer drugs that require less
frequent administration, and will create five new jobs in the
Alexander BioDiscoveries, also started by former University
of Virginia faculty, is a drug discovery company whose goal is to bring
new anti-virals into the pharmaceutical pipeline and is projected to add
two new jobs to its existing operations.
"These two firms are
great examples of the kind of business venture that fit so well in our
community, utilizing the intellectual resources of the University of
Virginia, the physical attributes of the Research Park and the talent of
our local workforce to further advancements in biotechnology,” said Tom
Foley, County Executive, in announcing the new business.
bioscience enterprises, RioGin and Alexander BioDiscoveries are both
among Albemarle County’s primary industry targets, and they join an
active and expanding biotech community flourishing in the region. The
Albemarle County/ Charlottesville region is currently home to 20% of the
biotech industry in the entire Commonwealth and the Virginia Center for
Innovative Technology’s GAP 50 awards recognized 16 entrepreneurs from
Central Virginia as among the top 50 "most likely to build Virginia’s
next generation life science, technology and energy companies.”
Partnership’s Target Markets Report released last April identified
Biosciences as an industry well suited to Albemarle County, and our
region is a place where new technology is encouraged and nurtured," said
Helen Cauthen, President of the Central Virginia Partnership for
Economic Development. "We are delighted that RioGin and Alexander Bio
Discoveries have chosen to grow their companies here.