ALACHUA, Fla.--(BUSINESS WIRE)--UF Innovate | Sid Martin Biotech, the leading biotechnology incubator at the University of Florida, is pleased to announce client company Alchem Laboratories Corporation, a contract research organization focused on process development and manufacturing of fine organic chemicals and drug substances, is expanding its screening and clinical trial capabilities. Merrie Shaw, Assistant Director of UF Innovate | Sid Martin Biotech, said, “This kind of growth and expansion from a Sid Martin client brings not only recognition to the program, but also to Alachua County and the State of Florida.”
Alchem Laboratories is currently supporting seven different five-year contracts with the National Institutes of Health (NIH) and the Department of Defense (DOD), including three new contracts for screening and drug product manufacturing. In the last year the company manufactured six different oral and injectable drug products to support Phase 1 and 2 clinical trials.
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“We are very excited that Alchem Laboratories has chosen to continue its expansion and bring investments and jobs into Alachua,” said Elliott Welker, Incubator Manager of UF Innovate | Sid Martin Biotech.
About UF Innovate | Sid Martin Biotech
UF Innovate | Sid Martin Biotech is the leading biotechnology incubator headquartered at the University of Florida in Alachua, Florida at Progress Park. Sid Martin has been honored with national and international awards for incubator excellence and achievements in technology commercialization, funding access, job creation and technology-based economic development. It is dedicated to mentoring and accelerating the growth of innovative early-stage bioscience and biotechnology companies and supporting the economic growth of the North Central Florida region. For more information, visit Sid Martin Biotech.