NellOne Therapeutics Inc., the early stage biopharmaceutical company pioneering advances in regenerative medicine, has made news again for the second time in as many weeks.
In a news release sent from the Office of Knox County Mayor Glenn Jacobs, the company has announced that it will open a new research and development laboratory in Knox County. The facility in the Fairview Technology Center, managed by The Development Corporation of Knox County, will enable NellOne to add up to 20 new jobs during the next year.
The latest news follows an announcement just a week earlier that the company had filed a provisional patent application around the usage of the NELL1 signaling protein in the treatment of respiratory viral infections including COVID-19.
“East Tennessee and Knox County are thriving and attracting companies with new and interesting ideas thanks to smart investments in education, infrastructure and the entrepreneurial ecosystem,” said NellOne Therapeutics’ Chief Executive Officer Bill Malkes.
“Residents here should be proud of the economic and cultural diversity that entrepreneurial companies bring to our area. We’re excited about this opportunity and look forward to playing a central role in the ongoing development of Knox County’s economic expansion.”
The opening of the new NellOne Therapeutics facility comes with the support and encouragement from both Knox County and The Development Corporation.