The presence of the hub is a factor as Apixir Pharma Sciences considers a location for its operation that would research, develop and manufacture drug intermediates, said Sreenivasa Eturi, one of the firm’s partners.
The firm is considering other locations in the Triad, as well as in New Jersey and California. Apixir Pharma Sciences officials are supposed to make a decision within several weeks.
The mid-Atlantic hub, which opened a year ago this week, would provide efficient and cost-effective delivery for the firm’s products, Eturi said. Also, Apixir Pharma Sciences could take advantage of the hub’s close location and quickly bring in supplies and equipment to meet its needs, he said.
Economic developers have touted FedEx’s latest national overnight sorting operation as a recruiting tool to draw new employers, who would want to take advantage of proximity to the hub for customer service advantages with shipment of products.
“We’ve known all along that the FedEx hub will attract a wide range of companies, from manufacturing to life sciences to distribution. So it’s no surprise that this company considers the FedEx hub an asset,” said Loren Hill, president of the High Point Economic Development Corp.
PTIA is in the final stages of completing a more-than-$500 million expansion related to the hub. The expansion includes a nearly 2-mile-long runway that opened at the first of this year. Initial work on the expansion began six years ago.
pjohnson@hpe.com | 888-3528
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