Governor Warner Announces Medical Manufacturing Facility to Open in Albemarle County
— Princeton BioMeditech Corporation to invest $7 million and create 115 jobs —
RICHMOND - Governor Mark R. Warner today announced that Princeton BioMeditech Corporation (PBM) will invest $7 million to build a manufacturing facility in Albemarle County and create 115 new jobs. The company has entered into an exclusive marketing and manufacturing agreement with ContraVac, Inc., a privately-held biotechnology company. The new facility will provide manufacturing capability to ContraVac for its newly developed products to test male fertility. The Albemarle County facility will also provide research and development efforts, manufacturing and distribution for PBM’s current and future products. Virginia successfully competed against New Jersey and Pennsylvania for the project.
Is there a point to these announcements that could be made in a more timely fashion?