RoosterBio Inc. has announced that it will graduate from the bioscience and technology incubator, the Frederick Innovative Technology Center Inc., according to the Frederick County (Md.) Office of Economic Development.
The company will expand into 14,000 square feet at 5295 Westview Drive in the Offices at Westview at Frederick. The company has 25 employees and plans to double that number within the next few years, according to a news release.
“We are thrilled for RoosterBio’s success and pleased to have the facility and environment for technology and biotech businesses to grow,” Kathie Callahan Brady, FITCI director, said in the news release. “RoosterBio is a perfect example and model for future biotech companies to learn and aspire to.”
RoosterBio was founded in 2013 and occupies approximately 4,000 square feet at FITCI, according to the release. The new space on Westview Drive will be built out for offices, research and development 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 been able to flourish in the Frederick biotechnology ecosystem,” RoosterBio Chief Executive Officer Margot Connor said in the release. “FITCI gave us the platform to launch our company, prove our business model and secure funding. 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 of Avison Young, said his firm 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,” he said. “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.”
RoosterBio has been working closely with Frederick County Frederick County Office of Economic Development on the 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.