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News & Press: Company News

New Facility Will Support HemoShear's Growth

Friday, May 30, 2014  
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HemoShear, has moved into a newly renovated state-of-the-art facility in Charlottesville to accommodate growth of partnerships with major pharmaceutical and biotechnology companies and expand its R&D capabilities. The facility provides 16,000 sq ft of combined laboratory and office space, more than doubling its current capacity.  The new location also provides access to 12,000 sq ft of additional space for anticipated needs.

"This move is an important milestone in HemoShear's progress," notes Jim Powers, CEO. "Our research and development partnerships in vascular and liver diseases with major pharmaceutical and biotechnology companies are growing in number and scope as the value of our platform becomes widely recognized.  At the same time, we are accelerating the pace of development of new human biology systems, including tumors and rare diseases, which will lead to more partnerships requiring greater operational capacity and scientific expertise. HemoShear now has the capital base and the infrastructure to accommodate its growth over the next several years."

The additional laboratory space will enable the Company to further expand its first-in-class translational human tissue platforms that are essential to interrogate and interpret human disease biology with a high degree of precision. With these platforms, HemoShear will profile more diseases and further refine its investigative and predictive modeling, leading to novel discoveries and resolving previously unknown biological mechanisms that have frustrated the pharmaceutical industry.

"In addition to accommodating our growing scientific and BioAnalytic staffs, the new laboratory space was designed specifically to optimize efficiency and quality of our R&D programs, and will enhance our ability to attract top talent to HemoShear," added Nicole Hastings, Ph.D., Vice President of Operations.

HemoShear will host a VABIO Biotech and Beer event at the new facility on Thursday, June 18 from 5:00-7:00 pm.  Click here for details and registration to the event.

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