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Pharma company to invest $54.2M in Richmond R&D facility
Pharmaceutical company Haleon will invest $54.2 million to upgrade its research and development facility in Richmond and launch an internship program in partnership with state government and Virginia Commonwealth University, Gov. Glenn Youngkin announced Monday. The physical upgrades at the facility, located at 1211 Sherwood Ave., will allow United Kingdom-based Haleon to accommodate new technolog[...]
Va. to receive $107.4M in updated opioids settlement
Virginia stands to receive up to $107.4 million in a multistate settlement proposed by OxyContin producer Purdue Pharma and its owners, the Sackler family, Virginia Attorney General Jason Miyares announced Thursday. The defendants in the federal case have offered to pay $7.4 billion to 14 states to settle claims that under the leadership of the […]
Food City to pay $8.4M to settle opioids-related allegations
Abingdon-based K-VA-T Food Stores, operator of the Food City supermarket chain, has agreed to pay more than $8.4 million to the federal government to settle allegations under the False Claims Act (FCA) related to dispensing opioids and other controlled substances. The U.S. Department of Justice announced the agreement with K-VA-T Food Stores Monday, In a statement, […]
Pharma company invests $1.5M on Prince William expansion
Pharmaceutical manufacturer Granules Consumer Health, a subsidiary of Granules India, will invest $1.5 million into expanding its operations in Prince William County, Gov. Glenn Youngkin announced Monday. The company plans to install new manufacturing lines at its existing Manassas facility, with an aim of creating nearly 100 new jobs. “Granules’ decision to expand their operations [&h[...]
Afton Scientific announces $200M Albemarle expansion
Afton Scientific, a manufacturer of sterile injectable pharmaceuticals, plans to invest over $200 million to expand its manufacturing facility in Albemarle County, Gov. Glenn Youngkin announced Wednesday. The expansion is projected to create more than 200 jobs. Founded by Thomas Thorpe in Charlottesville in 1991, Afton Scientific is a contract development and manufacturing organization (CMDO), [&h[...]
Reports: Novo Nordisk in talks to buy Petersburg Ampac plant
Two South Korean media outlets have reported that the South Korean owner of Ampac Fine Chemicals may sell its manufacturing plant in Petersburg to Novo Nordisk, the Danish global pharmaceutical company. Sources told The Korea Economic Daily that the Seoul-based manufacturing conglomerate SK Group, which purchased Ampac in 2018 for a reported $576 million, is […]
Briggman leaving post as CEO of Activation Capital
Chandra Briggman is leaving her position as president and CEO of Activation Capital, the Richmond tech incubator announced Monday. Her last day is Friday. Briggman joined Activation Capital, an accelerator arm of the Virginia Biotechnology Research Partnership Authority, in May 2020; the organization includes a biotech park, startup development and cluster accelerator for pharmaceutical research [[...]
VCU launches pharmaceutical sciences undergrad degree
Graduate school isn’t a prerequisite for a career in the pharmaceutical industry. Virginia Commonwealth University‘s new Bachelor of Science in Pharmaceutical Sciences (BSPS) degree will prepare students to step into pharma jobs like quality assurance technicians, research technologists and laboratory technicians, according to Kelechi “K.C.” Ogbonna, dean of VCU‘s S[...]
Forty applicants vying for Shenandoah medical marijuana license
Forty complete applications were received for conditional permits to operate as the state’s sole licensed pharmaceutical processor of medical cannabis for a region including the Shenandoah Valley, as well as the cities of Charlottesville and Fredericksburg and the counties of Spotsylvania and Stafford, according to the Virginia Cannabis Control Authority. Each company paid an $18,000 [&helli[...]
Alliance for Building Better Medicine receives $1M award
The Alliance for Building Better Medicine — a group of public and private pharmaceutical manufacturers and research organizations in Richmond and Petersburg — will receive a $1 million award from the U.S. National Science Foundation. Richmond-based innovation incubator Activation Capital, which convened the alliance four years ago, announced last week the group would receive an […]
Richmond-Petersburg pharma coalition wins fed designation
Central Virginia’s pharmaceutical hub received a federal designation that could lead to millions in federal funding in the future, while a 3D printing consortium in the New River Valley and Danville won a $500,000 federal grant, the U.S. Department of Commerce announced Monday. A group of public and private sector partners conducting pharmaceutical research and […]
PharmaVille
A coalition of public and private sector partners is hoping to write a new chapter for Central Virginia — and ultimately the country — in its mission to fight drug shortages and create low-cost medications. Anchored by wet labs and research and development in Richmond and manufacturing in Petersburg, the Alliance for Building Better Medicine aims […]
