Connect with us

Hi, what are you looking for?

Economy

Southern Research to invest nearly $20 million, add 50 jobs to Birmingham campus

Southern Research sold the company’s Maryland facility and plans to invest more on its Birmingham campus.

(VIA SOUTHERN RESEARCH)

The Birmingham-headquartered drug research company Southern Research has sold a plant in Maryland and plans to invest nearly $20 million in the company’s Birmingham facility, adding 50 new jobs there.

Southern Research sold the Maryland facility to Tonix Pharmaceuticals as part of the Birmingham company’s strategic plan to invest in the Birmingham campus, according to the company’s press release Monday. 

“Selling the Frederick facility is part of our strategic plan for the future of Southern Research,” said Josh Carpenter, the president and CEO of Southern Research, in a statement. “We plan to invest in new facilities in Birmingham and greatly expand our infectious disease capabilities to address current and emerging threats.”

Southern Research has performed more than $30 million in research and development on COVID testing, treatment and vaccine development since the start of the pandemic, according to the release. The company has 11 federal COVID contracts worth $7 million, according to ProPublica

Southern Research and Tonix collaborated on a COVID vaccine that is currently in clinical trials, according to the company, and the two companies are to continue collaborating on vaccines and antivirals at the Birmingham campus.

“By consolidating our work here in Birmingham, we are not just transferring existing jobs to Alabama,” Carpenter said. “We are also freeing up resources that will enable us to create even more jobs and economic impact in the future. The best days for Southern Research are still to come.”

Southern Research has a $71.2 million direct impact on Alabama’s economy, according to a University of Alabama at Birmingham report. The Alabama company’s indirect and induced impact on the state’s economy was estimated at $79.1 million, bringing the total economic impact to $150.3 million. 

Advertisement. Scroll to continue reading.

Southern Research employed 405 workers at the time of the report, but the company’s economic impact to the state was estimated to have created a total of 1,006 jobs.

Eddie Burkhalter is a reporter at the Alabama Political Reporter. You can email him at [email protected] or reach him via Twitter.

More from the Alabama Political Reporter

Economy

But the monthly total of online job ads is down 0.5 percent versus the previous month.

Economy

Alabama’s December unemployment rate was 2.8 percent.

Opinion

Alabama has proven it has a skilled workforce ready to build the world’s very best American-made airplanes.

Economy

Online job ads in November were down 6.8 percent compared to last year.

Economy

Owners expecting better business conditions over the next six months improved three points.

Economy

Lt. Gov. Will Ainsworth, who chairs the commission, said its findings will be a roadmap for how Alabama can best leverage incentive programs.

News

Alabama’s construction industry has thousands of job openings and now free training to operate bulldozers and skid steers.

State

Nationally, 835 companies were recognized for their commitment to hiring veterans.