Crown Bioscience Locating Project At New Iberia Research Center

by | Jan 6, 2017 | Business Development, Economic Development, One Acadiana News

Crown Bioscience Inc. will establish a pharmaceutical research and development facility in Louisiana at the New Iberia Research Center. The expansion project for the global drug discovery and development company will enable CrownBio to advance treatments for cardiovascular and metabolic disease research (CVMD research).

Image: Crown Bioscience

CrownBio will coordinate its research efforts with the New Iberia Research Center, an affiliate of the University of Louisiana at Lafayette, which specializes in the management of nonhuman primates for applied and basic research. At the research center, CrownBio will make a $1 million capital investment and create 10 new direct jobs with an average annual salary of $70,000, plus benefits. Louisiana Economic Development (LED) estimates the project will result in an additional 14 new indirect jobs.

“This project provides an excellent example of how Louisiana’s higher education system is leveraging its strengths to attract new investment in bioscience to our state,” said Gov. John Bel Edwards. “Sophisticated pharmaceutical research performed in a sensitive and progressive manner is essential for our state, nation and world to combat illnesses and diseases that continually pose new challenges. We’re proud that this important work will be taking place in our state and will build upon the resources of UL Lafayette and the New Iberia Research Center.”

Read Full Article »