Nephron to build new plant in South Carolina
March 27, 2012 by Mark
Nephron Pharmaceuticals, located in Lexington County, South Carolina, near Interstates 26 and 77, announced on March 22nd that it will be building a new facility near Cayce. They hope that this will become a major center for development and research for new products the company plans to offer. Nephron is no doubt using printing services for printing flyers and posters to make the public aware of this new facility as it will be providing potentially more than 700 jobs for the Midlands area.
According to William and Lou Kennedy, owners of the company, Nephron is looking to develop eye-care and anti-cancer products, above and beyond its current offerings of generic respiratory medicine. Lou Kennedy added that many of these new medications are being worked on by many of the company’s partners in research, including the University of South Carolina, and have a great potential in the marketplace. There is hope that the scheme will be instrumental in bringing more jobs to the local area and William Kennedy has stated that Nephron is developing additional research partnerships that could lead to the company expanding its role as a supplier of generic medications.
At a cost of $313 million, the new facility is expected to be finished by late 2013 with the manufacturing of medicine to begin in 2014. It occupies a 60-acre site near an Amazon distribution center which opened last October.
William Kennedy is a graduate of USC’s pharmacy school, and wife Lou graduated from the university’s journalism school. In 2010, they made a donation of $30 million to the pharmacy program to improve the business skills of pharmacy students. Kennedy purchased Nephron, which makes sterile generic respiratory medications at its Orlando headquarters, in the 1990s and the business has grown from strength to strength since.