NTx Set to Launch Major Expansion in New Mexico
December 10th, 2020, Rio Rancho, N.M. – A home-grown biosciences company that can make New Mexico a leader in the development and manufacturing of life-saving medicines will receive state economic assistance as it expands into a new research and production center, Economic Development Cabinet Secretary Alicia J. Keyes announced today.
Nature’s Toolbox (NTx) is working to commercialize its cell-free technology that will expedite the development and manufacturing of vaccines and pharmaceuticals using mRNA and protein technology, now being studied and utilized in the fight against COVID19.
The company is set to bring $30 million in private investment to its new Rio Rancho project and hire 116 employees with an average salary of $74,000 a year. The total additional payroll associated with the expansion will be approximately $74.5 million over the next 10 years. The direct economic impact over the decade is estimated at $190 million.