WAUKESHA - PSC Biotech Corp., a life science company headquartered in Pomona, Calif., with customers around the world, is opening a new 37,000-square-foot facility in the University Research Park in Madison and plans to create about 100 jobs in the next three years, it was announced Friday.PSC has created a new subsidiary, called BioTechnique, that will manufacture high-potency sterile injections, such as those used in the fight against cancer. BioTechnique will help address a global shortage of sterile injectable products. The facility is expected to be fully operational next year.
“I applaud PSC Biotech for making this level of commitment to Wisconsin and congratulate the company embarking on an initiative that will continue to strengthen Madison’s position as a national leader in biotech and bioscience,” said Governor Scott Walker. “The Madison area is a prime location for the bioscience industry, ranking among the top metro areas in the country when it comes to the strength of our bioscience sector.”The Wisconsin Economic Development Corporate has agreed to provide a $1 million award from its Business Opportunity Loan Fund to help purchase equipment for the facility. The company has agreed to create at least 103 full-time jobs at the facility by the end of 2017 and invest $11.5 million in the project.