Nephron Pharmaceuticals says it will invest $313 million and bring in 707 new jobs to the Midlands. The respiratory medications company is putting a plant next to the new Amazon facility in Lexington County.
The company’s owners are University of South Carolina alumni and major contributors to the USC pharmacy school, so today’s announcement was made at the school’s historic Horseshoe area, with Gov. Nikki Haley, the Central SC Alliance, state, local and USC officials on hand.
AUDIO: Haley welcomed the company’s owners, South Carolina natives, back to the state.
Company President and CEO Lou Kennedy says “While we may not be Boeing, we are a nice mid-sized company and we are tickled with the welcome we have received thus far.”
Lou Kennedy says they plan to continue to build their Palmetto State presence. The company is currently headquartered in Orlando, Florida.
Lexington Senator Nikki Setzler and Representative Kenny Bingham, who were at odds with the governor on incentives to the new Amazon facility in Lexington said they worked with the governor’s office on this one.
AUDIO: Setzler and Bingham applauded the announcement.
Last month, the Kennedys established an innovation center at the USC pharmacy school. Senator Setzler says that training opportunity will be key to this project.
The Kennedy Pharmacy Innovation Center will work with Moore School of Business to train pharmacy students to develop entrepreneurial and business skills.
The S.C. Department of Commerce has committed a set-aside grant of $4.5 million for site preparation and infrastructure. Commerce Secretary Bobby Hitt, speaking to the crowd of about 150 today said, “This new facility will be a major boost for our pharmaceutical manufacturing sector. Today’s announcement is the largest one in the state’s life sciences industry this year.”