A contract research organization serving the pharmaceutical and biotechnology industry, Pharma Medica Research, Inc., plans to make a $30.8 million capital investment and create 320 jobs at its first U.S. facility in St. Charles, Missouri.
"The favorable business climate, quality workforce, and the close proximity to major pharmaceutical companies in the area were key factors in making the move to Missouri," said Mohammed Bouhajib of Pharma Medica Research Inc. "With a new research center in St. Charles, we will be able to accommodate more clients and compete in the global market."
The Toronto-based company conducts research and development for pharmaceutical companies as well as performs trials. They offer a wide range of services in this space including scientific affairs, medical writing, clinical conduct, bioanalysis, biostastics, data management, and clinical trial monitoring.
Earlier this year, Governor Nixon met with company officials at the 2013 International BIO Convention in Chicago to discuss opportunities for growth in Missouri. "This substantial investment will further strengthen Missouri's position as a leader in bioscience, one of the key industries identified by our Strategic Initiative for Economic Growth," Gov. Jay Nixon said. "By creating hundreds of high-paying jobs to this area, Pharma Medica Research joins other bioscience companies expanding their footprint in the Show-Me State including Monsanto, Pioneer Hi-Bred, and Boehringer-Ingelheim Vetmedica.”
“With more than 4,000 bioscience, agribusiness and life science companies located in the state, Missouri is a national leader in this growing industry,” said St. Louis Regional Chamber CEO Joe Reagan. “Missouri is also home to the Danforth Plant Science Center in St. Louis and Stowers Institute in Kansas City, as well as world-class research institutions such as Washington University in St. Louis, the University of Missouri System and others. A growing international center of biopharmaceuticals, biomedical research and plant science, Missouri is also home to a thriving animal health corridor that extends from St. Joseph and Kansas City to Columbia and Fulton.”