Rio Rancho, New Mexico-based NTx Bio will establish a biomanufacturing facility in Plano, creating more than 170 new jobs and more than $31 million in capital investment, Gov. Greg Abbott announced.
A Texas Enterprise Fund (TEF) grant of nearly $1.5 million has been extended to NTx Bio, also known as Nature’s Toolbox Inc. Founded in 2015, it manufactures pharmaceutical-grade raw materials for use in the development of RNA- and protein-based therapeutics.
“Texas is the epicenter for groundbreaking, life-saving medical research and home to thousands of biotech and life science firms,” Abbott said in a statement. “This $31 million investment by NTx establishing a biomanufacturing facility in Plano will create over 170 new, good-paying jobs for Texans in our skilled and growing life sciences workforce. I congratulate NTx on their leading efforts to advancing the healthcare industry in Texas with their next generation biomanufacturing solutions. Working together, we’ll keep Texas on the cutting edge of biotech research and development and save more lives.”
‘Booming biotech community’
“We’re thrilled to expand into our new facility in Plano as we grow to keep up with demand for NTx’s biomanufacturing platforms,” NTx President and CEO Dr. Jamie Coffin said in a statement. “Texas has a booming biotech community and an incredible talent pool in biological and chemical engineering, and we look forward to being part of that ecosystem. We’re excited to open our Plano production facility in partnership with the City of Plano and the State of Texas to augment our next-generation R&D facility in Rio Rancho, New Mexico”
“In both facilities,” Coffin added, “NTx will assemble cutting-edge biomanufacturing instruments that use domestically produced raw materials to advance treatments for cancer and rare diseases while bringing manufacturing and jobs back to the U.S.”
‘A perfect fit’
Texas State Sen.Angela Paxton called the new plant “a perfect fit.”
“Plano continues to attract the world’s top innovators, and NTx is a perfect fit for our dynamic and growing life sciences community,” Paxton said. “This investment brings high-quality jobs and advances cutting-edge medical research that will benefit not just our region, but patients across the globe. I’m proud to support efforts that strengthen Texas’ position as a leader in innovation.”
State Rep. Katrina Pierson said the facility will have a positive impact on the community and the state.
“NTx’s decision to invest in Texas is a perfect example of the innovative and pro-business environment our state offers,” Pierson said. “By creating new jobs and fostering cutting-edge research in the life sciences sector, this investment will strengthen our economy and help shape the future of healthcare in Texas. We look forward to seeing the positive impact of NTx’s work in our community.”
Plano becoming ‘a premier hub’
Plano Mayor John Muns said the new his city has become a “thriving” location for corporate innovation.
“We’re excited to collaborate with Gov. Abbott and the Texas Economic Development & Tourism Office to welcome NTx to Plano,” Muns said. “This new cutting-edge R&D lab will not only drive the company’s expansion across North America but also revolutionize the discovery and production of biologic materials. Plano is a thriving hub for corporate innovation, and NTx is yet another industry leader driving the future of next generation biomanufacturing solutions.”
Plano Director of Economic Development Doug McDonald called North Texas “a prime spot” for innovative companies.
“The North Texas life sciences industry is thriving, and Plano is rapidly establishing itself as a premier hub for innovation in this sector,” McDonald said in a statement. “We’re proud to welcome NTx to our growing roster of innovators and extend our gratitude to Governor Abbott and to Adriana Cruz with the Texas Economic Development & Tourism Office for their invaluable partnership in securing yet another milestone victory for Texas.”
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