Bioscience Development Updates
Posted March, 2019
The Town is proud to welcome two more very promising life science companies to its bioscience community, offering innovation, commerce and jobs to support our local economy.
Recently the Town was fortunate to announce partnerships with two very exciting companies in the life science arena. In February, the Town used its economic development fund to guarantee a $350,000 loan for Alphazyme, LLC, which plans to locate its new headquarters in Jupiter. Alphazyme develops and produces the enzyme “tools” used by the multi-billion dollar medical diagnostic and pharmaceutical industries to read and write genetic material. Founded in 2018 by Jupiter residents Chris Benoit and Dr. Marco Baez, Alphazyme’s mission is to be the world’s premier partner for molecular biology enzymes, helping to bring more affordable, high-quality and lower-cost treatments to cancer and infectious disease patients.
Also in February, the Town announced a partnership with Beacon Pharmaceuticals, Inc. Through a memorandum of understanding with the Town, Beacon will plan to construct a state-of-the-art facility on land it will lease from the Town located just west of the Turnpike on Indiantown Road. The facility will create a life-science eco-system in Jupiter, housing a Clinical Research Organization focused on the new Right to Try Act, an accelerator that will host 50 companies, and a stem cell manufacturing center. The Town will also provide Beacon Pharmaceuticals with a loan guarantee and job incentive program based on meeting its project milestones.