Wednesday, November 04, 2015

Skin deep: Galderma expanding with $22 million R&D

FORT WORTH (Fort Worth Star-Telegram) – Locally based dermatological pharmaceuticals company Galderma Laboratories will expand with a $22 million research and development center.

The 100,000-sf expansion will be adjacent to its headquarters at the northeast corner of Texas Longhorn Way and Heritage Pkwy., on the west side of I-35W just north of Alliance Airport. The research and development center, slated to open in 2017, will conduct clinical research and hire life ​sciences professionals including research associates, physicians and biologists. ​

Galderma current employs 300 workers in the city, but the expansion will add as many as 350 positions.In July, the city council approved a ten-year, $635,000 tax incentive for the company. Galderma is also seeking a grant from the Texas Enterprise Fund.

The company was considering several locations including Princeton, N.J., Boston and San Francisco before settling on this location. 

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