Realizing the vision of co-founders Jim Hudson and Lonnie McMillan, HudsonAlpha is home to many life science associate companies at various stages. Since its inception in 2005, the biotech institute has seen seven mergers and acquisitions of companies, three of which remain today among the more than 30 associate companies on campus in Huntsville, AL.
“We are achieving our goals for moving discoveries to the marketplace while creating a life science hub in North Alabama,” said Jim Hudson, President of the HudsonAlpha Board of Directors.
A strategic goal of many early stage life science companies is to be acquired at some later development stage or milestone. Over the years HudsonAlpha and Huntsville have shared in the success story of the associate companies when a merger or acquisition is completed.
“These high level corporate transactions are indicative of the institute’s objective to support the associate companies in successfully commercializing research and technologies” said VP for Economic Development Carter Wells.
[pullquote align=”full” cite=”” link=”” color=”” class=”” size=””]“We want companies worldwide to understand the enduring value of the work being done here at HudsonAlpha, in nonprofit research labs and private companies. Seeing the value of discoveries, technologies along with the successful businesses here, we would like these global companies to consider establishing a presence here on our campus,” Wells offered.[/pullquote]