Life Science Company Modavar Pharmaceuticals Locates to Frederick, Maryland
Frederick County Office of Economic Development announces the new state-of-the-art manufacturing facility, which the company hopes to open by December of 2020.
FREDERICK, Md., Aug. 21, 2020 /PRNewswire-PRWeb/ -- Modavar Pharmaceuticals is Frederick's newest life science company that chose to locate and build their state-of-the-art manufacturing facility. Located at 4600 Wedgewood Blvd, Suite 0, Modavar Pharmaceuticals will occupy 22,000 square feet and plans to employ approximately 35 people. Presently the space is under construction to meet their requirements. They plan to occupy their new space in December, 2020.
According to Khurshaid Kazmi, Head of Engineering of Modavar Pharmaceuticals, "We chose Frederick County to be our new base for Research and Manufacturing of new and existing therapeutics because of the unmatched support we have received from the local government and also because of the infra-structure of the area. We have noticed a speedy growth in Frederick's technology hubs and that will attract scientists to come and settle in Frederick."
"I'm pleased to welcome Modavar Pharmaceuticals to our community," Frederick County Executive Jan Gardner said. "Modavar's cutting-edge manufacturing facility will provide essential pharmaceuticals for the rapidly growing field of personalized medicine. Even in the midst of a pandemic, it is clear that Frederick County is a great place to do business."
Modavar Pharmaceuticals, a sister company of Cadila Pharmaceuticals, plans to produce life-saving products for a variety of health problems. They will be able to specifically serve pediatric and geriatric patients adopting the new concept of individualized treatments. Modavar will run two manufacturing lines, one for liquids and the other will be solids, using new technology they developed.
According to Helen Propheter, Executive Director, Frederick County Economic and Workforce Development, "We are thrilled to have Modavar Pharmaceuticals join our strong life science community. We recognize the tremendous economic benefit Modavar brings to our community and we excited about their new technology." Due to the critical timing needs of the company, Modavar was approved for Frederick County's Fast Track permitting placing them as a top priority to meet their occupancy deadline.
For More Information:
The Frederick County Office of Economic Development (OED) is the catalyst for economic growth in Frederick County, with the mission to increase the overall economic health of Frederick County through attracting new businesses in our targeted industries and helping existing businesses be more successful. Please contact OED @ [email protected] for more information.
SOURCE Frederick County Office of Economic Development
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