Archive for Friday, February 19, 2010

KBA panel supports assistance to firms

February 19, 2010

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Two Lenexa companies looking to expand could get an extra boost from the Kansas Bioscience Authority.

On Wednesday, the board’s investment committee recommended giving $250,000 to SAFC Biosciences. The money would help increase production of its cell culture media. As part of the expansion, the company plans to spend $6 million and hire 27 new employees.

The committee also agreed to grant Ceva Biomune $700,000, money that would help the company develop poultry vaccines. The company’s expansion plans include 81 new bioscience jobs and a

$15 million investment.

The investment committee’s recommendations will be passed onto the entire KBA board for final approval.

The investment committee also agreed to allocate $700,000 in its rising scholar program for another Kansas University research position. The name of the recipient will not be named until after the scholar agrees to come to KU and the board gives its final approval.

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