The Missouri Department of Economic Development (DED) announced today that Seventh Wave, a consulting-based contract research organization for the pharmaceutical and medical device industry, will expand its presence in St. Louis by building a 50,000 sq. ft. facility. The company’s $11 million expansion is associated with the expected creation of 42 jobs over the next six years.
“With more than 50,000 workers employed in over 3,500 bioscience companies that call Missouri home, the Show-Me State is a hub for research and innovation,” said Gov. Jay Nixon. “Seventh Wave’s decision to continue its growth right here in our state will help bring more discoveries from the laboratory to the market as well as create in-demand jobs in an emerging field.”
Seventh Wave was established in 2003 and is based in Chesterfield, Mo. With clients around the globe, the company provides integrated services for discovery and preclinical drug development. Previously operating out of a 15,000 sq. ft facility, the company plans to triple its footprint by constructing a new facility where it will dedicate 60 percent of the space to offices and laboratories. An additional 20,000 sq. ft. of shell space will also be incorporated into the expansion to anticipate future growth.