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  #121  
Old Posted Jan 8, 2016, 11:20 PM
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Arch City Arch City is offline
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This is a nearly $1-billion firm. Sorry Cleveland.....

OM Group will leave E&Y Tower
Firm's headquarters, and 30 jobs, are moving from Cleveland to St. Louis
November 22, 2015 UPDATED 11/23/2015



PNC Center in Downtown Clayton

By STAN BULLARD

Scratch another name from the roster of Northeast Ohio-based corporations — and with it another 30 executive jobs — as the new owner of OM Group plans to move its corporate headquarters to St. Louis.

Jim Voss, who became CEO of OM Group as the deal was consummated at the end of October, said the Apollo Management Group’s affiliated funds that purchased three OM divisions has different headquarters needs than OM had for its 2-year-old corporate headquarters on the 13th floor of Ernst & Young Tower, downtown Cleveland’s newest office building.

“When the decision was made to take out this lease, it was a different strategy and a bit pricey,” Voss said. “The building is awesome, but the office is bigger than anything we wanted to have going forward as a drastically different company.”

The specialty chemicals provider had five divisions with 50 employees when it moved to E&Y from Key Tower.

Voss said the corporate staff now is 30 people, and the company operates three divisions rather than five.

Under terms of the $1 billion acquisition of OM Group by the joint venture of Apollo funds and West Palm Beach-based Platform Specialty Products Corp., the Florida firm bought two OM divisions covering electronic and photo chemicals.

“We have three divisions we are excited about growing, but (they) have operations outside the Cleveland area and the United States,” Voss said.

“Other than heritage, there are no ties to Cleveland.”

The move to St. Louis, where OM Group is eyeing 11,000 square feet in a downtown (Clayton) building that’s not the pinnacle of the office market, also will allow the company to trim overhead costs, Voss said.

At E&Y, OM Group is in more than 20,000 square feet.

Asked if the company went through a cost-comparison exercise for Cleveland and St. Louis, Voss said he considered the two similar but added, “I confess. I live near St. Louis.”

As part of its plan for the three OM divisions it retained, Voss said the company is changing its name to Vectra to emphasize its specialty chemicals and materials applications.

The OM Group name is better known, he said, for the company’s older commodity nickel and cobalt operations.

The three divisions that OM Group retained are its magnetic technologies, battery technologies and advanced organics businesses.

OM Group went public in 1993. It was built on a platform originated in Cleveland as Mooney Chemicals in 1946.

OM Group employees in Cleveland were told about the move recently and offered separation packages, Voss said.

He said about a half-dozen executives are discussing opportunities to move to St. Louis. He said his target is for a staff of about 30 in St. Louis.


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  #122  
Old Posted Feb 5, 2016, 11:54 PM
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Although MasterCard's Global Technology Campus is based in St. Louis (suburban O'Fallon), MasterCard has opened an office in CORTEX, which is the city.

I knew as soon as Square joined CORTEX, CORTEX could potentially land other payment card services companies seeking CORTEX space. At this rate, there is going to be a need for new space sooner than later.







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  #123  
Old Posted Feb 18, 2016, 7:00 PM
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A new cancer-biotech company setting up in CORTEX, which is becoming a hub for cancer tech companies. CORTEX is becoming a hub for cancer tech start-ups.

Feb 18, 2016 – Unleash Immuno Oncolytics Enters License Agreement with Leloir Institute to Develop Immuno-Oncology Products for Cancer Treatment, Gets Established in Saint Louis

Buenos Aires, Argentina – February 18, 2016Unleash Immuno Oncolytics, an immune-oncology company developing oncolytic virus immunotherapy products to treat cancer, today announced that the company has entered a license agreement with INIS Biotech, the tech transfer arm of Fundación Instituto Leloir, and has established operations in Saint Louis, Missouri, USA.

“Immuno-oncology is a very promising field and we are excited to enter this space that could potentially bring truly breakthrough therapies for cancer treatment. Unleash is privileged to license this technology from the Leloir Institute, to leverage this outstanding science to develop innovative immune-oncology therapies” said Unleash’s CEO, Daniel Katzman.

The research work of Dr. Osvaldo Podhajcer´s group led to the development of Unleash’s leading product – UIO-512, an oncolytic virus designed to target both malignant cells and tumor-associated stroma cells. “The stroma, composed by non-malignant cancer-associated fibroblasts, endothelial and immune cells, provides nutrients, structure and helps the malignant cells to grow and disseminate. Cancer-associated stroma cells may account for up to 90% of the tumor mass and are not being specifically and are not targeted by any other current therapies. Thus, targeting the stroma cells is a significant paradigm shift over existing cancer treatments” explained Dr. Podhjacer – Chief, Laboratory of Molecular and Cellular Therapy (Fundación Instituto Leloir, Buenos Aires), Superior Researcher (CONICET) ), Director of the Argentinian Consortium of Genomic Technology.

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and here : BioGenerator investment lures another biotech startup to Cortex
and here : St. Louis: The tech capital for cancer
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  #124  
Old Posted Feb 18, 2016, 11:14 PM
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A pharma company is relocating to CORTEX from south St. Louis County - adding 130 jobs in the city.

Cortex Welcomes AAIPharma Services/ Cambridge Major Laboratories to Innovation Community
February 17, 2016
Posted by Cortex




The Cortex Innovation Community (CortexSTL.com) today announced the addition of AAIPharma Services Corp. / Cambridge Major Laboratories, Inc. (AAI/CML), a world-class supplier of comprehensive pharmaceutical development, analytical and manufacturing services, as the latest member of the 200-acre innovation district in St. Louis City.

AAI/CML will invest $10.7 million in area operations and add more than 100 highly skilled workers — including some 30 new positions — to the Cortex district. By Fall 2016, the company will move from its south St. Louis County location on S. Lindberg Blvd., into the newest Cortex building — the soon-to-be-complete 4260 Building located at 4260 Forest Park Parkway — occupying 37,500-square-feet.

“We are thrilled to welcome AAIPharma / Cambridge Major Labs to our dynamic innovation community,” said Dennis Lower, president of the Cortex Innovation Community. “While our recent growth has come from software technology companies like Uber, Pandora and Square joining Cortex, adding a progressive leader in the bioscience space builds on another one of our core strengths.”

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  #125  
Old Posted Sep 14, 2016, 11:30 AM
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Monsanto accepts $66bn Bayer takeover
http://www.bbc.com/news/business-37361556
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  #126  
Old Posted Jan 12, 2017, 3:38 AM
cardinalstl cardinalstl is offline
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Kinda old but still a great article. Hope the trend continues.

https://fivethirtyeight.com/features...rtup-frontier/
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