Newark-based Sepax Technologies Inc. received a positive recommendation for nearly $475,000 in state grants for expansion.
The recommendation came from the Delaware Council on Strategic Finance. The grants are based on achieving job and
Since its founding by a University of Delaware alumnus in 2002, Sepax has developed, manufactured, and marketed liquid chromatography products – including bulk resins, prepacked columns, and liquid chromatography systems – for more than 3,000 clients worldwide. Markets include the pharmaceutical industry.
Chromatography is the process of separating mixtures.
Sepax’s products cover chromatography modes and have been gaining market share worldwide in recent years. As a result, the company has reached a critical point for the growth of its business, a release from the Delaware Prosperity Partnership stated.
Sepax currently employs 55 full-time, with the company announcing its intention to add 35 new full-time positions by the end of 2023.
“Sepax is a great example of how Delaware’s innovation ecosystem allows businesses to start here and grow here,” said Gov. John Carney. “We are excited that Sepax, which started in the Delaware Technology Park, will be keeping their roots in Delaware as they expand and create good-paying jobs.”
Sepax is a longtime tenant of Newark’s Delaware Technology Park and is a member of the Delaware BioScience Association and the Newark-based National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL).
“I am excited for our county to take advantage of the state’s Lab Space Grants through the expansion of Sepax Technologies,” said New Castle County Executive Matt Meyer. “Sepax will be bringing good-paying jobs to our area and expand our lab space footprint, which is very much in need.”
Sepax Technologies Inc. is making a $2 million capital investment in its expansion project. Supporting the company’s plans are grants from the Delaware Strategic Fund and okayed by the State Council on Development Finance – a Jobs Performance Grant of $54,922 and a Delaware Lab Space Grant for $420,150.
The company will receive funds from the recently enacted Delaware statewide lab grant program that aids companies and landlords in gaining badly needed web lab space. The 2021-22 state budget includes $10 million for the program.
“Sepax Technologies Inc. is very grateful to be the recipient of grants from the Delaware Strategic Fund,” said Tingzhou Wu, general manager of Sepax. “With years of effort, Sepax has continued to grow, supporting our biopharma customers and their research in biologics manufacturing. We have been actively looking for lab space in Delaware to expand for years. With the tremendous help from Delaware Prosperity Partnership and Delaware Technology Park, the expansion supported by this grant will allow for an increase in important R&D research and strengthen our manufacturing capabilities. We look forward to this opportunity for continued growth in the State of Delaware.”
The Delaware Prosperity Partnership is a private entity handling economic development efforts that support the state and the private sector.
