RoosterBio, Inc. announced today that they will be graduating from Frederick’s bioscience and technology incubator, the Frederick Innovative Technology Center Inc. (FITCI), expanding into 14,000 square feet at 5295 Westview Drive located at the Offices at Westview. RoosterBio has experienced tremendous growth and the new facility will accommodate their present and future needs.
“Bio-tech companies like RoosterBio are accomplishing amazing research and discovery, creating jobs, and making Frederick County a leader in the life science industry and in improving public health,” County Executive Jan Gardner said. “RoosterBio is a great example of the innovation fostered in Frederick County. Our cutting-edge bio-tech and life sciences industry has unparalleled access to some of the world’s top researchers and influencers in our region. RoosterBio’s success is proof that FITCI’s incubator works.”
Kathie Callahan Brady, Director of FITCI said, “We are thrilled for RoosterBio’s success and pleased to have the facility and environment for technology and biotech businesses to grow. RoosterBio is a perfect example and model for future biotech companies to learn and aspire to.”
Founded in 2013, RoosterBio currently occupies approximately 4,000 square feet at FITCI. Their new expanded space will be 14,000 square feet and will be built out for offices, R&D laboratories, stem cell manufacturing and warehouse space. The new facility will have a lab operation performing manufacturing research and process development, as well as product manufacturing and distribution. RoosterBio has 25 employees and plans to double within the next few years.
According to RoosterBio CEO Margot Connor, “RoosterBio has been able to flourish in the Frederick biotechnology ecosystem. FITCI gave us the platform to launch our company, prove our business model and secure funding. Further support from the state and local government, as well as the exceptional local talent pool in Maryland, has enabled us to grow quickly while maintaining a high-quality organization. As our business continues to thrive, we’re excited to continue on our aggressive growth trajectory and significantly expand our stem cell biomanufacturing operations in Frederick.”
Bob Wrightson, Senior Vice President, Avison Young commented that Avision Young is pleased to welcome RoosterBio to the Offices at Westview. “RoosterBio wanted to find a location that would maximize creativity and provide a positive work environment for their employees. The Offices at Westview provides a beautiful campus setting, strategic location with ample amenities and newly renovated buildings. The campus is not a traditional office park in that it appeals to a variety of tenants including office, medical, technology and now biotech,” he said.
“We applaud RoosterBio’s success, their vision to expand in a unique location and offer high paying job opportunities to Frederick’s citizens and their continued commitment to Frederick”, stated Helen Propheter, Director of the Frederick County Office of Economic Development. RoosterBio has been working closely with Frederick County Frederick County Office of Economic Development (OED) on their expansion.
The project was approved for Fast Track Permitting and a pre-submittal meeting was held with key economic development partners including the Planning and Permitting Department, Avison Young, Bates Architects, Berkshire Hathaway, OED and RoosterBio. Fast track Permitting is an economic development tool used to expedite projects through the development process while adhering to all established standards.
About RoosterBio Inc.
RoosterBio, Inc. is a privately held stem cell tools and technology company focused on accelerating the development of a sustainable regenerative medicine industry. RoosterBio’s products are high volume, affordable, and well-characterized adult human mesenchymal stem/stromal cells (hMSCs) paired with highly engineered media systems. RoosterBio has simplified and standardized how stem cells are purchased, expanded, and used in development, leading to marked time and costs savings for customers. RoosterBio’s innovative products are ushering in a new era of productivity and standardization into the field, accelerating the road to discovery in Regenerative Medicine. For more information on RoosterBio and adult stem cells, please visit www.roosterbio.com, follow on Twitter @RoosterBio, or read our corporate blog (www.roosterbio.blogspot.com).
About FITCI
Frederick Innovative Technology Center (FITCI) supports biotechnology, information technology and renewable energy start-up companies by offering office and wet lab space, business services and strategic support to local entrepreneurs. For more information on FITCI and the services they provide, visit www.fitci.org
About OED
The Frederick County Office of Economic Development (OED) serves as the primary contact for businesses looking to start, expand, or locate to Frederick, MD. OED provides business tools such as site selection assistance, fast track development, financing and incentives, workforce development, networking and demographics. Visit www.discoverfrederickmd.com