WestEdge booming as VIKOR calls it home see more
According to the World Health Organization, antibiotic drug resistance has become one of the greatest threats to global health. Charleston-based Vikor Scientific is in the business of eliminating this health epidemic, and their successful efforts to do so will continue as they expand and move their Lowcountry operations and growing workforce to WestEdge.
In the midst of this health crisis, the pressure is on clinicians to prescribe the correct antibiotics. At Vikor, they’re providing medical professionals with the diagnostic tools to achieve effective treatments. The team at Vikor specializes in customizing molecular diagnostic panels to accurately detect and quantify pathogen and resistance gene loads within 12-24 hours of specimen arrival at the lab.
Vikor’s mission to improve day-to-day diagnostics relies heavily on it’s Charleston workforce, with the company packing, shipping and handling everything going out to their vast 3,000+ client list - a diverse roster of medical professionals covering 48 of the 50 states.
“At Vikor’s new WestEdge location, together with South Carolina Research Authority, we’re creating a lab and office environment that people in Charleston have been craving for years,” said Vikor Scientific Co-Founder, Scotty Branch. “Not only will our workforce feel good about going to work in a state-of-the-art facility looking out over a world class city, we’re proud to invite scientists from across the country to visit our workspace.”
Vikor currently boasts a headcount of 53 individuals and is hiring weekly. The entire team is set to move into the nearly-completed 22 WestEdge building early this spring, with operations planned on multiple floors of the building. The company’s WestEdge headquarters is set to include the company’s C-Suite, sales & marketing teams, customer service, supply chain management, and payer relations, as well as multiple renowned clinicians, neuropharmacologists, medical specialists, researchers and scientists.
“As a graduate of MUSC, I’m extremely aware of the potential collaboration opportunities that exist at WestEdge with the neighborhood’s close proximity to the medical district,” said Shea C. Harrelson, PA-C, Vikor Co-Founder. “We recently launched our research division, KOR Life Sciences, and we are interested in working with other scientists at MUSC to identify areas where synergy may be possible.”
MUSC Health plans to move members of it’s senior management team to the second and third floors at 22 WestEdge, while Vikor will occupy the building’s eighth floor penthouse & fourthfloor. With its striking architecture, unique height and full height glass, the building will be the tallest multi-tenant office structure on the peninsula and in Charleston’s metropolitan area when it opens, offering 150,000 square feet of office & lab space, as well as street level space for cafes, restaurants & shopping.
“Vikor’s presence affirms the WestEdge vision. Scotty and Shea’s team represents the breadth of Charleston’s highly-educated workforce and underscores the potential and viability of our city to house world-class companies like Vikor,” said Michael Maher, CEO of The WestEdge Foundation, Inc. “Our neighborhood’s current and future living options, restaurants, retail, fitness, gathering and incubator spaces, were developed with businesses like Vikor in mind.”
Publix Super Market, the development’s flagship retailer, opened in April 2019 at 10 WestEdge, joining BkeDShop, Barre South, Jimmy Johns, and Hokkaido Sushi & Grill Restaurant, IX Artistry, 9Round Fitness and Domino’s Pizza at 99 WestEdge street. Recently-opened Woodhouse Spa occupies the retail space along the Spring Street frontage of 10 WestEdge.
Upon completion, WestEdge will encompass more than 3,000,000 square feet of space on 60 acres along the Ashley River adjacent to MUSC and the Medical District, and fronting on Brittlebank Park and the Joseph Riley Baseball Stadium. WestEdge is a public-private partnership created to advance economic development and expand the research capabilities of the Medical University of South Carolina and foster new companies and collaborative opportunities with private industry. It is an innovative redevelopment that is transforming the quality of life for Charleston's west side.
To learn more about WestEdge, visit http://www.westedgecharleston.com/ or follow the development’s progress on Twitter @westedgechs, Facebook @westedgecharleston, and Instagram @westedgechs.
WestEdge is a 60-acre master-planned development growing into a community of world-class office and lab space, beautiful apartment towers, restaurants, and retail shopping linked together by sweeping views and access to the Ashley River and Brittlebank Park. Key 22 WestEdge partners include Gateway Development (Developer) ELV Associates (Investor), BB&T (Lender), Trident Construction (General Contractor), Perkins & Will (Architect), Thomas and Hutton (Civil Engineer), and Lee & Associates (Marketing & Leasing).
South Carolina's Zylö Therapeutics Closes $4 Million Financing round see more
GREENVILLE, SC: September 26, 2019: Zylö Therapeutics Inc., dedicated to developing a transformational topical delivery platform, announced that on September 21, 2019, it effected a closing of its Series A financing through the sale of $4 million of Series A preferred shares. Approximately $1.35 million of this total was invested prior to this year and was converted into Series A shares as part of this financing.
The remaining $2.65 million was newly invested capital, led by VentureSouth with investments totaling more than $1 million. VentureSouth, one of the largest early-stage investment groups in the country, has more than 300 private investors in 12 local chapters across the Southeast and has invested nearly $40 million in 67 companies. Other angel groups investing in this round include the New York Angels, Ariel Southeast Angel Partners (ASAP) out of Savannah, the Boston Harbor Angels, and the Chemical Angel Network.
SC Launch Inc., an affiliate of the South Carolina Resource Authority (SCRA)—a non-profit corporation chartered by the state that helps fuel South Carolina’s innovation economy—also participated in this round.
In addition, insiders and their affiliates/associates invested over $400,000, extending their total invested to over $1.5 million.
Proceeds from the funding will be used to further scale up the manufacturing process of the company’s Z-pod™ delivery particles and for general working-capital and business-development purposes, as Zylö aims to forge 21 partnerships by 2021.
“This funding enables us to secure additional partnerships similar to the one recently announced by HOTH Therapeutics, a biopharmaceutical company that has licensed from Zylö endocannabinoid-releasing Z-pods™ to treat lupus,” stated Scott Pancoast, Zylö CEO and Founder. “The additional capital also allows us to move ahead with a number of other initiatives such as the Lidocaine Patchless Patch™ as both an Rx and an Over-The-Counter drug product; a sustained-release topical CBD product, which has blockbuster potential; and a sustained-release nitric oxide cream for anti-aging, wound-healing, acne, nail fungus, and other applications.”
He continued, “We appreciate the confidence expressed by our new and existing investors in the potential of our underlying Z-pod™ technology and our leading product candidates.”
About Zylö Therapeutics:
Zylö has developed an innovative topical delivery system that extends the duration-of-effect, improves the solubility/targeting, and/or enhances the product performance of many therapeutic agents. Notably, the Z-pod™ technology platform has enabled the Patchless Patch™ concept and has successfully harnessed the therapeutic potential of nitric oxide, one of the most powerful—and short-lived—biomolecules produced by our bodies. For more details please visit our web site, www.zylotherapeutics.com and follow us on Twitter (@ZyloTherapies).
Eight story office and lab building named 22 WestEdge breaks ground in Charleston, SC see more
The third multistory building set to rise in the developing WestEdge community on the Charleston peninsula broke ground Thursday — under a tent because of all the recent rain.
The eight-story office and laboratory structure called 22 WestEdge will sit next to the under-construction, nine-story 10 WestEdge building at Spring Street and Lockwood Drive. That’s where Publix supermarket is set to open on the ground floor in October.
The first floor of the all-glass exterior structure will house 15,750 square feet of retail space while the upper floors will provide 138,500 square feet of office space-targeted firms in the so-called knowledge economy, such as the life sciences industry. About half of the site has already been leased.