Essen Instruments has become Essen BioScience and is now housed in a bigger and better headquarters in Ann Arbor to accommodate its expanded staff.
The biotech firm recently renovated 25,000-square-foot space on the south side of Ann Arbor next to the Michigan Research Institute. That new space now houses a staff that measured at 25 employees when we checked in with the company last spring. It expects to double that number in the next few years.
Essen BioScience builds, sells and services pre-clinical, cell-based research tools, the type of products used by pharmaceutical companies for research. The company has noticed that a lot of these firms are now outsourcing a large portion of their lab work, prompting Essen BioScience to create the Discovery Services Business Unit Development Project.
The 11-year-old firm recently received a $490,940 tax credit over seven years from the Michigan Economic Development Corporation last year. That allowed the life sciences company to invest $3 million in its Ann Arbor facility. It expects to create 43 new jobs over five years as part of the tax-break deal.
Source: Essen BioScience
Writer: Jon Zemke
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