Engineered BioPharmaceuticals, Inc. to invest $6.1 million to establish a standalone facility in Danville, creating 34 new jobs
RICHMOND, VA – Governor Glenn Youngkin today announced that Engineered BioPharmaceuticals, Inc., a pharmaceutical engineering and manufacturing company dedicated to advancing cost effective, state-of-the-art medicine, will invest $6.1 million to expand in the City of Danville. The company will expand from its current lab space in the Dan River Business Development Center into its first standalone manufacturing facility at 1 Ecomnets Way. The new facility will allow for Good Manufacturing Practice (GMP) manufacturing of the company’s innovative oral pharmaceutical dosing platforms, designed to enhance patient compliance and therapeutic efficacy. Virginia successfully competed with California, New York, and Texas for the project, which will create 34 new jobs.
“Thanks to innovators like Engineered Biopharmaceuticals, our Commonwealth is advancing as a hub for cutting-edge technology and research in the life sciences industry,” said Governor Glenn Youngkin. “The company’s start in a Virginia business incubator shines a spotlight on the importance of fostering an environment that supports start-ups and small businesses. I commend the region’s forward-thinking economic development leaders and partners and look forward to Engineered Biopharmaceuticals’ continued success in Danville.”
“Engineered Biopharmaceuticals is an important partner advancing our efforts to produce costeffective, novel medications right here in Virginia,” said Secretary of Commerce and Trade Caren Merrick. “We are proud of the company’s trajectory from its founding at the Dan River Business Development Center to this new manufacturing facility that will infinitely expand its capabilities and reach while adding 34 high-quality jobs in the City of Danville, which continues to offer the right resources and talent.”
“The company chose to expand in Virginia due to the Commonwealth’s overall business-friendly environment and its preeminent biotechnology presence,” said Engineered BioPharmaceuticals CEO Carl Sahi. “We also found Pittsylvania County and the City of Danville to be an ideal location because of their people, their economic development efforts, and their support and commitment to workforce development.”