October 20, 2011

IRX Therapeutics will move to St. Peterburg, FL, bring 280 jobs in five years

Filed under: Other Regional News — admin @ 2:35 pm

ST. PETERSBURG, FL - IRX Therapeutics Inc. will relocate to St. Petersburg from New York by the end of the year.

The company said it would staff more than 280 positions within five years, at a projected minimum average wage of $90,000 annually.

Initially, IRX will employ 40 people to begin a Phase 3 trial. The additional staff will work in commercial-scale manufacturing and expanded development functions in anticipation of a potential commercial product launch., according to a statement from Gov. Rick Scott’s office.

IRX develops therapies to treat cancer and infectious diseases. Its technology was developed at the University of South Florida .. .

The state of Florida awarded IRX $600,000 from its Innovation Incentive Fund. Local provisions include $275,000 from Pinellas County, a $275,000 credit toward land owned by the city of St. Petersburg in the Dome Industrial Park for future expansion, and $50,000 from USF.

http://www.bizjournals.com/tampabay/news/2011/10/20/irx-therapeutics-will-move-to-st.html?ed=2011-10-20&s=article_du&ana=e_du_pub

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