Pharmaceutical startup NanoMedex coming to Fitchburg
A Gainesville, Fla., startup pharmaceutical company is moving its corporate headquarters and research and development lab to Fitchburg on Sept. 1.
NanoMedex is working on a method for fat soluble pharmaceutical products to be dissolved in water or a saline solution so they can be administered intravenously. The company, which uses technology developed at the University of Florida-Gainesville, expects approval of its first drug, an anesthetic, in 2010.
The company initially will have four employees, including two scientists and a government relations expert, and plans to add more employees next year when clinical trials begin.
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