BioPharma Services Inc. celebrated the opening of its new Columbia facility on Wednesday with a ribbon-cutting ceremony attended by Mayor Bob McDavid and economic development officials. The 11,00-square-foot facility, which opened earlier this year, included a $550,000 capital investment and has created 40 jobs this year, according to a Missouri Department of Economic Development news release.
BioPharma, founded in 2006 and headquartered in Toronto, is a physician-owned and run organization specializing in clinical trials and bioanalysis.
The company’s Columbia facility, which is its first U.S. location, conducted and completed its first study this summer and began two additional studies this month. The new clinical facility currently houses 48 medical beds. By 2016, the company expects to expand the facility to 100 beds.