Biovail Technologies, Inc.
Governor Gilmore Announces Biovail Expansion in Fairfax County
-- Pharmaceutical company to invest $4.6 million - -
Richmond - Governor Jim Gilmore today announced that Biovail Technologies, Inc., a pharmaceutical development company, will increase its presence in Fairfax County by expanding its Chantilly operations and relocating its nutraceutical subsidiary, Nutravail Technologies Inc., from Sterling. The new location in an existing Westfields facility will result in 40 new jobs and a $4.6 million investment.
"My administration feels that biotechnology is a very important field. By supporting the creation of new medicines and foods, the Commonwealth can help improve the lives of Virginians and people around the world," said Governor Gilmore. "I am pleased that Biovail is expanding here in Virginia."
The Virginia Economic Development Partnership and the Fairfax County Economic Development Authority assisted Biovail with its decision. The Virginia Department of Business Assistance will provide workforce training services.
Biovail Technologies, a subsidiary of Biovail Corporation, headquartered in Ontario, Canada, acquired Fuisz Technologies Limited in 1999. Biovail Corporation is an international full-service pharmaceutical company, engaged in the formulation, clinical testing, registration, manufacture, sale and promotion of pharmaceutical products utilizing advanced drug delivery technologies.
"Biovail's growth as an organization continues at an accelerated rate," said company spokesperson Ken Howling. "With our Research and Product Development Center of Excellence being located in Fairfax County, there are operational synergies the Company can capitalize on by expanding locally. Biovail looks forward to continued growth and to working in conjunction with the Virginia Economic Development Partnership and the Fairfax County Economic Development Authority."
"The Commonwealth employs more doctoral scientists and engineers than any other southeastern state, and almost 32 percent of Virginians, 25 years-of-age and older, have bachelor's or advanced degrees," said Secretary of Commerce and Trade Barry E. DuVal. "Pharmaceutical companies, like Biovail must have a steady supply of intellectual capital to succeed, and Virginia provides this through our leading higher education system."