Texas: Governor Abbott Announces NTxBio Facility In Plano
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~ Plano, Texas - Governor Greg Abbott has announced that NTxBio, a biotechnology company, will be establishing a new biomanufacturing facility in Plano. This project is expected to create over 170 new jobs and bring in more than $31 million in capital investment. The company has also been granted a Texas Enterprise Fund (TEF) grant of $1,479,000 to support their expansion.

In his statement, Governor Abbott highlighted Texas as the epicenter for groundbreaking medical research and home to numerous biotech and life science firms. He expressed his excitement for the investment by NTx and the creation of high-paying jobs for Texans in the growing life sciences workforce. He also commended NTx for their efforts in advancing the healthcare industry in Texas with their next-generation biomanufacturing solutions.

NTx was founded in 2015 and specializes in manufacturing pharmaceutical-grade raw materials used in the development of RNA and protein therapeutics. The company's President and CEO, Dr. Jamie Coffin, expressed their enthusiasm for expanding into Plano and being a part of the booming biotech community in Texas. They plan to open their production facility in partnership with the City of Plano and the State of Texas, alongside their existing R&D facility in Rio Rancho, New Mexico.

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Senator Angela Paxton also praised NTx's decision to invest in Plano, stating that it will bring high-quality jobs and advance cutting-edge medical research not just locally but globally as well. Representative Katrina Pierson echoed this sentiment, emphasizing how this investment will strengthen the state's economy and shape the future of healthcare.

Plano Mayor John B. Muns welcomed NTx to the city, highlighting its reputation as a thriving hub for corporate innovation. He believes that NTx's new R&D lab will not only drive their expansion across North America but also revolutionize the discovery and production of biologic materials.

City of Plano Director of Economic Development Doug McDonald also expressed his gratitude to Governor Abbott and the Texas Economic Development & Tourism Office for their partnership in securing this milestone victory for Texas. He emphasized the city's growing reputation as a premier hub for innovation in the life sciences industry.

NTxBio's decision to invest in Texas is a testament to the state's pro-business environment and its thriving life sciences industry. With this new facility, they aim to not only create jobs but also contribute to the advancement of treatments for cancer and rare diseases while bringing manufacturing back to the U.S.

For more information about NTxBio, visit their website.

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