Molecular diagnostics firm BioGX has graduated from Birmingham’s Innovation Depot business incubator and is investing $5 million in a Valleydale Road building in Shelby County for its corporate headquarters and expanded facilities for research and development and manufacturing.
The company plans to add 50 employees to its current 80.
BioGX made headlines in 2020 by developing improvements to COVID-19 testing methods.
“While the company has been rapidly expanding its operations and looking for a new facility for over three years, the COVID-19 pandemic demanded we scale up our operations at breakneck speed to meet the global demand for our growing portfolio of products,” said Michael Vickery, Ph.D., executive vice president and chief scientific officer of BioGX. “We are thankful for the support we have received from Innovation Depot, 58 Inc., BBA and Shelby County to help us expand our footprint in the Birmingham area.”
At Innovation Depot, the departure of BioGX makes wet lab space available for a new firm.
“We are absolutely thrilled for BioGX’s success, and we feel fortunate to have been able to offer them a place to grow over the years,” said Innovation Depot CEO Drew Honeycutt. “That being said, we’re also excited about how this will free up wet lab space in our building, which will hopefully provide opportunities for more companies to follow in BioGX’s footsteps.”
Both the Birmingham Business Alliance and Shelby County’s economic development agency 58 Inc. worked to help the firm make its transition.