NASHVILLE, Tenn. (WTVF) — Gov. Bill Lee announced that biotech company August Bioservices, LLC will expand its operations in Nashville.
The company will invest $64.7 million and create 180 jobs over the next five years.
CEO Jenn Adams said the first phase of the investment will focus on renovating the company's existing facilities, which should be completed by 2021. The project will add “high-value technologies” like lyophilization (the process of freeze drying) and terminal sterilization to its manufacturing capabilities.
The second phase of the project will involve the construction of a new, state-of-the-art facility to support the production of high speed, large scale manufacturing lines for injectable medications.
Lee was also joined by Nashville Mayor John Cooper, former U.S. Senate Majority Leader Bill Frist, Department of Economic and Community Development Commissioner Bob Rolfe and August Bioservices, LLC officials for Tuesday’s announcement.
Watch the full announcement below:
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