29 Jan Vyriad Feature by RAEDI R.A.V.E
Vyriad was recently featured and by RAEDI (Rochester Area Economic Development, Inc) in their R.A.V.E series
“Congratulations to Vyriad! The biotechnology company recently announced the signing of a contract to build out its facility in 25,000 square feet of leased space on the IBM Campus in Rochester, Minnesota. The building plans include offices, research laboratories, and a state-of-the-art Good Manufacturing Practice (GMP) facility for production of the company’s clinical-stage oncolytic virus therapies that are in development for the treatment of various cancers.
The custom build out will be financed with proceeds from a recently completed $9 million secured convertible note financing, which included participation by Mayo Clinic, Rochester Area Economic Development, Inc., and the Southeast Minnesota Capital Fund LLC. In addition, the state of Minnesota and the city of Rochester have committed $370,000 in equipment funding.”