Drug development firm Redx Pharma is to take...
05/14/2013 11:12:44 AM
[Estates Gazette (UK)]
Published Date: May 11, 2013 12:01:00 AM EDT
Author: Nick Whitten
Drug development firm Redx Pharma is to take laboratory space in Cheshire which is being vacated by pharmaceutical giant AstraZeneca.
AstraZeneca announced in March that it is to open a £330m Cambridge campus which will see it shut down its operations at Alderley Park in Cheshire and Paddington in London.
But Liverpool-based Redx will now create 120 jobs at Alderley Park.
Clive Morris, AstraZeneca's vice president of R&D, said: "We will continue to seek further opportunities to attract other innovation driven companies and wherever possible, build on the existing bioscience expertise and world-class facilities available at Alderley Park."
Neil Murray, chief executive of Redx said: "It is innovative companies like ours that can help the industry adapt to a new model of research and development where there is more willingness to outsource some of the challenges involved in creating new proprietary medicines.
"Our methods have already uncovered commercial potential that might otherwise have been missed, and our approach helps partners to bring new medicines to market faster."
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