On Wednesday (November 6), Louisiana Governor John Bel Edwards, New Orleans Mayor LaToya Cantrell, and the New Orleans Business Alliance made a big announcement about the expansion of three biotech companies.
The biotech companies – AxoSim, Cadex Genomics, and Obatala Sciences – are all expanding and creating local jobs at both the University of New Orleans and the New Orleans BioInnovation Center.
“Collectively, the companies will create 135 new direct jobs over the next five years with a combined $9.1 million in annual payroll,” shared the New Orleans Business Alliance.
All three biotech companies launched local operations out of the New Orleans BioInnovation Center, a business incubator that supports entrepreneurship and is dedicated to the development of bioscience innovation throughout Louisiana.
“These companies will help incentivize local graduates to stay in our city, while also creating advanced job training opportunities for those currently enrolled in programs involving medical technology and clinical laboratory sciences,” said Mayor Cantrell.