PLYMOUTH & KALAMAZOO, Mich.--(BUSINESS WIRE)--Velesco Pharmaceutical Services, a contract research organization in the pharmaceutical drug development industry, has been recognized as one of the 2010 “Michigan 50 Companies to Watch,” an awards program sponsored by the Edward Lowe Foundation. Additionally, Southwest Michigan First recognized Velesco with a “Catalyst Award” for creating jobs and economic success in the Kalamazoo Region in 2009.