Arrowhead Pharmaceuticals breaks ground on $220 million Verona campus

Arrowhead Pharmaceuticals breaks ground on 0 million Verona campus

Arrowhead Prescription drugs broke floor on a major $220 million undertaking in Verona on Monday with economic assist from condition and community officials. 

Gov. Tony Evers declared the Wisconsin Economic Enhancement Corp. is delivering $2.5 million in general performance-based mostly tax credits to Arrowhead Prescribed drugs.

The town of Verona is also delivering up to $16 million in tax incremental financing to aid guidance the venture. The endeavor designs to build extra than 230 “significant-paying careers.” 

“In the past several decades, Wisconsin has been regarded as a powerhouse not just for finding the most current developments in biopharmaceutical investigate and enhancement but in producing and producing these lifesaving treatment options as properly,” Evers explained.

“That signifies that firms like Arrowhead can research new therapies for debilitating health conditions, convey them to current market, and manufacture them all ideal here in Wisconsin. To me, which is rather amazing and value investing in. So, I’m very pleased to celebrate our state’s expense of $2.5 million in Arrowhead Pharmaceuticals’ job to develop its presence here in Wisconsin and create great-paying positions for Wisconsinites.”