PEACHTREE CORNERS -- A biomedical company opened its headquarters in Peachtree Corners.
Gwinnett Chamber of Commerce officials celebrate the opening of 4P Therapeutics, a transdermal research and development company that is bringing a $250,000 investment and 12 new jobs to the community.
"Our new facility in Gwinnett will allow us to continue to enhance our research efforts, expand the company, and take advantage of the resources available to growing life sciences companies in Georgia," said 4P Therapeutics President Steven Damon. "With access to the region's research support, top-rated universities, and biotechnology infrastructure, we are well positioned to expand our capabilities and products."
The company, which focuses on developing drugs into a patch version, opened an 8,0000-square-foot facility at 680 Engineering Dr., Suite 150, with plans to add another 5,000 square feet by the end of 2013.
"4P Therapeutics is a fantastic addition to Gwinnett's strong and growing bioscience industry," Gwinnett County Commission Chairman Charlotte Nash said in a press release. "With direct access to the resources, opportunities, and support that help companies like 4P Therapeutics thrive, Gwinnett County is poised to remain a leader in life sciences."
Mike Mason, the mayor of the year-old city of Peachtree Corners, welcomed the company.
"4P Therapeutics joins a host of life science companies and further positions the community for sustained economic growth driven by research, development, and the commercialization of new products and technologies," Mason said.
Leaders from the Gwinnett Chamber of Commerce and other organizations have worked to draw life science companies to a corridor bounded by Atlanta and Athens, known as the Innovation Crescent.
"4P Therapeutics is the type of thriving company we aim to attract, nurture, and retain in Georgia's vibrant Innovation Crescent and I am excited to welcome them to the region," said Nick Masino, chair of Georgia's Innovation Crescent and senior vice president of Gwinnett Chamber Economic Development and Partnership Gwinnett. "We look forward to supporting 4P Therapeutics in Gwinnett, where we have proven that we have the talent and resources to help life science companies prosper."