| Biotech
comes to Mr. Jefferson's town
Think
of Charlottesville and what comes to mind? Thomas Jefferson's
refined architecture? Quiet college town? Haven for
the wealthy? Hub for biotechnology?
Wait,
it's true. Charlottesville is getting on the biotech
map with new firms such as Biotage Inc. The small research
company is the industry leader in drug discovery purification
- a critical step in the manufacturing of medicine.
As drug-making gets more sophisticated, pharmaceutical
firms are using chemical reactions to make designer
molecules that can be used to make new and better drugs.
When this happens, though, there are waste byproducts
that need to be cleaned up.
That's
where Biotage comes in. "These reaction mixtures
need to be purified, and the active ingredients isolated
so they can be used in animal and human clinical trials,"
says Cheryl Duke, director of marketing for the company.
"Globally, pharmaceutical companies are under pressure
to create more novel therapeutic lead compounds and
the No. 1 bottleneck is the purification step."
Cutting
down the amount of time spent on cleaning and processing
is essential. Biotage researchers have managed to compress
the time it takes for purification from one day to 15
minutes. This feat has helped it grab market share.
Although Biotage has three primary competitors, it has
roughly 90 percent of the market share for its services.
Its clients include such bigwigs as Merck, Pfizer, Glaxo
Smith Kline and Bristol Meyers Squibb.
With
offices in England, Germany and Japan, Biotage found
Charlottesville a convenient spot for its headquarters.
It is the hometown of Sheridan Snyder, who co-founded
the firm in 1989 with Henry Blair as a spinoff of Massachusetts-based
Dyax Corp. The town had other advantages as well - several
of the company's 125 employees graduated from the nearby
University of Virginia. And in January, Biotage broke
ground on a new facility at U.Va.'s research park, which
houses other pharmaceutical R&D firms.
-
Leila Marija Ugincius
Return to Virginia Business - March
2002
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