“Pharmaceutical companies choose to locate or expand here because they recognize the mature life sciences ecosystem that is available to them in Pennsylvania,” he said in a statement.
Tom Wolf said Roquette’s decision to locate its new Innovation Center in Pennsylvania “speaks volumes” about the commonwealth’s global appeal. The project was coordinated by the Governor’s Action Team, a group of economic development professionals that work with businesses considering locating or expanding in Pennsylvania. The company received a funding proposal from the Pennsylvania Department of Community and Economic Development (DCED) for a $150,000 Pennsylvania First grant and was encouraged to apply for the department’s Research and Development (R&D) Tax Credit Assignment Program.
7, press release announcing the new facility, the company said teams will work closely with pharmaceutical teams in Singapore and France to advance the research of drug delivery systems for oral prescription drugs and nutraceutical active pharmaceutical ingredients (APIs) while improving their speed to market. “The new facility reflects Roquette’s commitment to the region and the wider scientific community, while also representing a key milestone in our goal to becoming the number one trusted formulation and technology partner for its customers.” “Expanding our operations in this market is, therefore, key to achieving Roquette’s strong growth ambitions for its pharma business,” he said in a statement. Roquette CEO Pierre Courduroux said 45% of the drugs that are developed globally come from the U.S.
The new facility will create 30 new, full-time jobs over the next three years, including 20 highly skilled scientists. The 23,000-square-foot, state-of-the-art facility will serve as an “innovation hub” for the company’s team members across the globe and is expected to open in summer 2022. The French-based company plans to establish its new joint Research & Development Lab and regional headquarters center in the Spring House Innovation Park, 727 Norristown Road, in Lower Gwynedd Township. Roquette, a global leader in plant-based ingredients for food, nutrition and health markets, has announced its plans to open an Innovation Center in Montgomery County.
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