Maker of biologic pharmaceuticals to add 160 jobs
Thursday, May 19, 2011
BERKELEY, Mo. (AP) — A St. Louis County pharmaceutical company is getting nearly $15 million in state incentives to expand its facility and workforce.
Gov. Jay Nixon announced the incentives Wednesday for Gallus Biopharmaceuticals, which bought the former Centocor Biologics facility in Berkeley. Gallus plans a $20 million expansion and has pledged to double the 160-person workforce over the next five years.
Gallus is receiving $9.2 million from the Quality Jobs program, which provides refundable tax credits and lets companies keep a portion of the withholding taxes for hiring new employees at good wages. It’s also receiving $5.4 million under the Missouri BUILD program for debt payments on bonds.
St. Louis County also is waiving half the company’s property taxes for 10 years, which is worth $4.2 million.
Gallus makes clinical and commercial-grade bulk biologics products, which are pharmaceuticals produced from cell cultures.
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