By John George – Senior Reporter, Philadelphia Business Journal
A Minnesota radiopharmaceutical contract development and manufacturing organization has selected Montgomery County as the site of a new 48,000-square-foot facility.
Nucleus RadioPharma's plant will located at the Spring House Innovation Park in Lower Gwynedd. It will house research, development and commercial production under one roof.
The company's expects to create 50 new local jobs. Nuclear RadioPharma declined to disclose the cost of the project.
The Spring House Innovation Park, previously home to a Rohm & Haas complex, has been transformed and is being managed by a joint venture involving MRA Group and Beacon Capital Partners.
Nulceus RadioPharma will occupy building 14B in the business park located off Norristown Road.The building was stripped down to structural steel and concrete and is being completely redone.
It's one of two new projects announced Monday by Nucleus RadioPharma. The company is also opening a 53,000-square-foot research and development and manufacturing site in Mesa, Arizona. Nucleus RadioPharma expects the two plants to be completed by the middle to end of 2026 and increase the company's production capacity by 200%.
Nucleus RadioPharma CEO Charles C. Conroy told the Business Journal the company picked the Montgomery County site because of "strong partnerships in the area," most notably Fox Chase Cancer Center. He also said the location gives them "great access" to the northeastern portion of the country and allows for international shipping to Europe.
Full story: https://tinyurl.com/33zksjfk
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