Clinical research facility brings jobs to Columbia
COLUMBIA - Columbia city leaders celebrated the opening of a new pharmaceutical research company Wednesday.
The Missouri Department of Economic Development (DED) and Columbia Mayor Bob McDavid took part in a ribbon cutting at the new facility. The clinical research company is headquartered in Toronto, Canada.
"We are excited to welcome BioPharma Services Inc. to Columbia," McDavid said. "The health care industry is an important part of Columbia's economy and this Phase 1 Clinical Trials site adds another element to our growing medical cluster."
Attendees took a first look at the new 11,000 square-foot laboratory and clinical facilty during the grand opening. The opening of the BioPharama Services Inc's facility brought 40 new jobs to the Columbia area. The company also pays area-residents to participate in its studies.
"Our quality education system and competitive business climate continue to attract companies like BioPharma Services to the Show-Me State," said director of DED Mike Downing. "This expansion complements Missouri's strengths in medical research and bioscience and creates good jobs in an economy that continues to grow."
The facility's, located at 300 Portland Street, developement included a $550,000 capital investment.
BioPharama Services conducts pharmaceutical, bio tech and medical device trials. It's employees completed the first study over the summer.