A £2m expansion plan for a North-East company could nearly treble its workforce, it was revealed yesterday.
Onyx Scientific, of Sunderland, supplies top pharmaceutical companies and researches, develops and manufactures new drugs. It began two years ago and now the company operates worldwide, supplying some smaller pharmaceutical companies as well as four of the world's top five.
Yesterday it announced plans to expand its base at Sunderland's Business Innovations Centre (BIC) boosting staff from 23 to 60 in the next 18 months.
The company already has a third unit available at the BIC to cope with the planned increase and is applying for assistance from the Government Office for the North-East.
The business was set up with a £200,000 investment from venture capital fund manager Northern Enterprise, funds from the six founders themselves, HSBC bank, an individual investor and backing from Sunderland City Council and the BIC
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