L-R: Chris Estes, EOP Architects; Andrew Moore, EOP Architects; Dr. Eric Ostertag, president/CEO, Transposagen; Mayor Jim Gray; Bob Quick, president, Commerce Lexington Inc.
Lexington, KY - The biotech firm Transposagen Biopharmaceuticals Inc. has opened headquarters in downtown Lexington.
Dr. Eric Ostertag, founder and Chief Executive Officer of Transposagen, said the company chose the location in West Jefferson Place on Second Street because it’s surrounded by college campuses and offers a high quality of life for employees.
“Transposagen’s new state-of-the-art laboratory in downtown Lexington will accommodate our rapidly increasing number of employees with room to expand,” Ostertag said. “The laboratory is located in Lexington’s trendy Jefferson Corridor, which is ideally located near Transylvania University, the new Bluegrass Community and Technical College campus and the University of Kentucky.”
Transposagen’s office encompasses about 5,000 square feet. The company, which employs 15 people, has doubled its work force twice since first moving to Lexington four years ago from Philadelphia.
Ostertag said he was attracted to Lexington by its central location, low cost of doing business, high quality of life and investments from angel investors.
“Transposagen is here with its cutting edge research, technologies to improve drug discovery, its molecular biology laboratories and its high tech jobs,” Mayor Jim Gray said. “Welcome!”
Gray said Lexington has worked hard to create the environment to attract entrepreneurs like Ostertag. “Our top priority is to grow or attract new jobs,” Gray said. “We do that by making Lexington a place business wants to be. When a firm like Transposagen locates here we know we’re on the right track.”
Transposagen's new facility was designed by EOP Architects of Lexington.