Cognate BioServices is a gene therapy company that is ready for a major expansion in Memphis, Tennessee. In fact, they are planning a large investment that will allow then to add three new facilities. These will go toward increasing manufacturing, allowing more room for laboratories, and enhancing distribution capabilities. All of this will help them better reach customer demand. This expansion will also create hundreds of new jobs. So this will be a great addition to the area’s economy.
From Area Development Magazine:
“We are committed to rapidly expanding our global reach and capacity, allowing us to further our mission of developing, manufacturing and delivering leading-edge living therapeutics of the highest quality to patients around the globe.” […]
“As our economy continues to recover in the midst of a pandemic, Cognate BioServices’ decision to expand in Memphis is great news for our state and the citizens […] The creation of more than 550 high-quality jobs means new opportunities for area residents, and I appreciate Cognate BioServices for its continued investment and job creation in Tennessee.” […]
“Over the past three years, healthcare and life sciences companies have invested nearly $200 million in our state. […] Growth in this sector results in high-wage, high-growth job opportunities for Tennesseans, and we thank Cognate BioServices for adding hundreds of new jobs in Memphis.”AREA DEVELOPMENT MAGAZINE
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