Texas Border Business
AUSTIN – Governor Greg Abbott announced that NTxBio (“NTx”) will establish a biomanufacturing facility in Plano. The project will create over 170 new jobs and more than $31 million in capital investment. A Texas Enterprise Fund (TEF) grant of $1,479,000 has been extended to NTx.
“Texas is the epicenter for groundbreaking, life-saving medical research and home to thousands of biotech and life science firms,” said Governor Abbott. “This $31 million investment by NTx establishing a biomanufacturing facility in Plano will create over 170 new, good-paying jobs for Texans in our skilled and growing life sciences workforce. I congratulate NTx on their leading efforts to advancing the healthcare industry in Texas with their next generation biomanufacturing solutions. Working together, we will keep Texas on the cutting edge of biotech research and development and save more lives.”
NTx was founded in 2015 and manufactures pharmaceutical-grade raw materials for use in development of RNA and protein therapeutics.
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