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Governor Ralph Northam today announced that Panacea Biomatx, a manufacturer of personalized medicine and nutrition solutions, will invest $5.8 million to establish a research and development and high-tech manufacturing facility in the Cane Creek Centre Industrial Park in Pittsylvania County. The project will create 70 new jobs.
A new company will be joining the diverse portfolio of The Launch Place in February. Chapel Hill-based mesur.io, an internet of things (IoT) company that focuses on providing ag-based businesses with automated data tracking and analytics, received a $200,000 seed investment. This partnership makes mesur.io The Launch Place’s thirteenth venture since 2014.
The Launch Place celebrated their first exit in November. Healthtech company iScribes, a recent investment of The Launch Place, was acquired in late 2017.