Seventh Wave Laboratories Purchases Building For Expansion, Upcoming Move
Expansion project will allow for additional offices, laboratory space, and new jobs to accommodate a growing client base and additional service lines
ST. LOUIS--(BUSINESS WIRE)--Seventh Wave Laboratories, a consulting-based contract research organization that assesses the safety and efficacy of pharmaceutical products and medical devices, announced the purchase of 19 Worthington Access Drive Maryland Heights, MO 63043, a 50,000 sq. ft. building more than three times the size of their current location, to enable strategic growth. Facility renovations will begin immediately and the gradual transition of all offices to the new space will occur in September.
“Seventh Wave’s decision to continue its growth right here in our state will help bring more discoveries from the laboratory to the market as well as create in-demand jobs in an emerging field.”
“We are excited about this growth,” said John Sagartz, President, CEO, and founder of Seventh Wave Laboratories. “This expanded facility will enable us to better serve existing clients, attract new clients, grow existing services, and launch new ones.”
Sixty percent of the new space will be used for offices and laboratories. Plans for the remaining forty percent include a vivarium, a wet lab, and additional offices for future expansion. In fact, Seventh Wave has partnered with the Missouri Department of Economic Development and the St. Louis Economic Development Partners to develop a multi-year, $11 million program that includes the hiring of 42 technical and scientific professionals over the next five years.
“With more than 50,000 workers employed in over 3,500 bioscience companies that call Missouri home, the Show-Me State is a hub for research and innovation,” said Governor Jay Nixon. “Seventh Wave’s decision to continue its growth right here in our state will help bring more discoveries from the laboratory to the market as well as create in-demand jobs in an emerging field.”
Since 2003, Seventh Wave has leased a 15,000 sq. ft. space located at 743 Spirit 40 Park Drive in Chesterfield, MO as part of the St. Louis County Economic Council’s Enterprise Center. According to Joe Flynn, Chief Commercial Officer at Seventh Wave Laboratories, the organization needed a space that could facilitate their current and projected growth; strategically and economically, leadership wanted to own the space they occupied.
“Seventh Wave’s management team conducted an exhaustive search of potential locations,” said Flynn. “This facility’s proximity to Lambert-St. Louis International Airport made it a frontrunner. This location will make it extremely convenient for our clients on the East and West Coasts—and around the world—to come to Seventh Wave. It’s also a more convenient commute for the majority of our staff.”
The fact that convenience for current and future clients was a key factor in selecting a location is not surprising, given the organization’s commitment to—and reputation for—integrity, quality, and top-tier client service. In fact, it is Seventh Wave’s unwavering commitment to client timelines and project quality that is driving a gradual, phased lab-specific plan to move all FDA-regulated laboratories. This plan will ensure seamless project continuity; while staff will relocate in September, some laboratories will purposefully not be transitioned to the new space until December.
Seventh Wave Laboratories will host community members, industry leaders, and media at a facility grand opening and ribbon cutting ceremony in September.
About Seventh Wave Laboratories
Seventh Wave Laboratories is a consulting-based contract research laboratory located in Chesterfield, MO that provides integrated services for discovery and preclinical drug development. By integrating PK/ADME, Bioanalysis, Toxicology, and Pathology, the organization affords local, national, and international clients a multi-disciplinary environment that accelerates their program and goals with focused strategy and execution. For more, www.7thwavelabs.com or call 636.519.4885.
Arco & Associates
Andrea Arco-Mastromichalis, 636-527-9254