Velesco Pharma is expanding its physical presence, opening a new office in Boston to complement its existing facilities in Michigan.
The new Boston office is meant to bring the company closer to that region’s booming pharmaceutical industry. Velesco Pharma continues to grow its satellite office in Kalamazoo and headquarters in the Ann Arbor area. It recently hired three people, expanding its staff to 15 people.
"We continue to grow and have the bulk of our operations in southern Michigan," says Gerry Cox, COO of
Velesco Pharma.
Velesco Pharma, wich calls the Ann Arbor SPARK-managed Michigan Life Science Innovation Center home, specializes in pharmaceutical consulting and laboratory services. It also operates a plant in Kalamazoo that makes dosage forms for clinical trials.
It registered 30 percent revenue growth last year and is well on its way to repeat that. Cox also expects to hire another 2-3 people before the end of the year to keep up with revenue growth.
"We are continuing the same growth rate in the first quarter of 2014," Cox says. "We have been concentrating on what we’re good at and growing that."
Source: Gerry Cox, COO of Velesco Pharma
Writer: Jon Zemke
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