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Greater
Richmond
Advantages
for Life Sciences
Greater
Richmond's
Life
Sciences Industry
The
chemical industry is
Greater Richmond’s largest manufacturing industry, with around 8,000
employees
Pharmaceuticals
are an important sector of the overall industry. The
area’s largest pharmaceutical firm is Wyeth (formerly the
Whitehall-Robins subsidiary of American Home Products).
Wyeth
has two facilities in the area with a total of approximately 1,500
employees. Wyeth’s Richmond roots date back to the 1860s, when
Albert Hartley Robins opened an apothecary shop in downtown Richmond. A.H.
Robins was acquired by American Home Products in 1989 and in 1994 the
company’s two OTC divisions officially became Whitehall-Robins
Healthcare. In 1998, the
company dedicated an expanded research and development facility for
its over-the-counter products in Richmond.
The
$80 million expansion relocated formulation research from New Jersey,
combining it with analytical development already located in Richmond,
initially adding 150 jobs. The
250,000 square feet of lab space was designed to accommodate up to 400
scientists for future expansion. The project includes a pilot
manufacturing plant to run stability batches of new products and
assess processes for full production. In
2002 the company adopted the name of its pharmaceuticals branch, Wyeth,
as the name for the whole company.
Boehringer
Ingelheim Chemical,
Inc., headquartered in
Petersburg
,
VA
, is one of five U.S.
subsidiaries of Boehringer Ingelheim Corporation. The
German parent company is one of the largest privately held
pharmaceutical companies in the world. Boehringer
Ingelheim manufactures
specialty chemicals for the plastics industry as well as active
ingredients for other Boehringer Ingelheim units and for third party
pharmaceutical companies.
Boehringer
Ingelheim Pharmaceuticals, Inc. has an R&D center within the
Virginia BioTechnology Research Park committed to the goal of
discovering and developing products.
The lab produces prescriptive and over-the-counter medicine to
treat several diseases including coronary, central nervous system and
respiratory diseases as well as HIV and arthritis.
Synthetic
fibers are a local specialty
and DuPont and Honeywell (formerly Allied) have
had major facilities in the area since the late 1920s. Both
companies also have research and administrative support operations in
the area, including the headquarters for DuPont’s Advanced Fibers
Systems business unit. Together
these firms employ about 5,400.
Other
chemical companies
include Ethyl Corp., which employs around 500 at its
Richmond
headquarters and R&D
facility. In 1994, Ethyl
dedicated the new $70 million 215,000-square-foot petroleum additives
research facility, adding 200 scientific and technical support jobs. Also
in the area are Goldschmidt Chemicals, which manufactures specialty
chemicals; Albemarle Corp., a specialty chemicals manufacturer
headquartered in Richmond
; Eternal Technology, a
Taiwanese manufacturer of photo resist film for circuit boards; and
Sun Chemical, a manufacturer of printing ink.
Greater
Richmond
’s biotechnology
industry is not primarily manufacturing but rather research,
development, and testing. A
major catalyst has been the
Virginia
BioTechnology
Research
Park
, which has benefited from
the association with the VCU Health System’s faculty and resources,
and has provided a site both for university research institutes and
new ventures started by faculty members. Local
biotechnology firms include Commonwealth Biotechnologies (contract
research and testing), Hemodyne (biomedical instrumentation), Insmed
Pharmaceuticals (diabetes research), and Aderis (R&D).
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