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TGen, Mayo, and Scottsdale to Build $25M Facility

NEW YORK, Dec. 5 (GenomeWeb News) - The city of Scottsdale, Ariz. announced yesterday that it was partnering with the Translational Genomics Research Institute and the Mayo Clinic to start a $25 million research facility as part of Arizona's push to pull in biotech industry.

 

TGen is seeking $3 million from the city to help start the plant, which would open at the end of 2004 if approved by the Scottdale city council, according to a local report from the ArizonaRepublic. If TGen gets the $3 million, it will house its Center for Translational Drug Development in the new building. Mayo and other leasing companies would use the other parts of the building.

 

The city council will decide next Tuesday on whether it will provide the $3 million in funding.

 

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