Aditxt plans to create more than 300 new jobs and targets making a capital investment of $31.5 million over three years to scale up its state-of-the-art immune monitoring center, including projected new jobs, laboratory equipment, and construction.
Governor Northam and company officials announced the project during an event at the Virginia Bio+Tech Park, a campus of Activation Capital, where the company will occupy 25,000 square feet of Bio+Tech 8 with plans for future expansion.
AditxtScore is pioneering a new approach to immune health monitoring that will provide a personalized profile of the immune system. By assessing an individual’s immune biomarkers,
AditxtScore is able to measure indications of immunity to specific disease. AditxtScore applications include the recently commercialized AditxtScore for COVID-19, developed for use in detecting antibodies and neutralizing antibodies against SARS-CoV-2 antigens.
Since going public in June 2020, Aditxt has moved aggressively to fulfill its mission to prolong life and enhance quality of life by improving the health of the immune system.
Alongside AditxtScore, the company is developing the AditxtReprogramming therapeutic platform which is currently in a pre-clinical stage and is designed to retrain the immune system to induce tolerance with an objective of addressing rejection of transplanted organs, autoimmune diseases, and allergies. Aditxt expects to initiate clinical studies in patients by the end of 2021.
Governor Northam approved a $1.3 million grant from the Commonwealth’s Opportunity Fund to assist the City of Richmond with the project. Aditxt is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development, and a Research and Development Expenses Tax Credit for qualifying research and development expenses.
Support for Aditxt’s job creation will be provided through the Virginia Talent Accelerator Program, a workforce initiative created by VEDP in collaboration with the Virginia Community College System and other higher education partners, with funding support from the Northam Administration and the Virginia General Assembly.
Launched in 2019, the program accelerates new facility start-ups through the direct delivery of recruitment and training services that are fully customized to a company’s unique products, processes, equipment, standards, and culture. All program services are provided at no cost to qualified new and expanding companies as an incentive for job creation. ■
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