RICHMOND, VA - Governor Glenn Youngkin today announced that Thermo Fisher Scientific Inc., the world leader in serving science, will invest $97 million to expand its bioanalytical laboratory operations into three new locations in the Greater Richmond region and expects to create more than 500 new jobs in the Commonwealth. In total, Thermo Fisher will be adding nearly 150,000 square feet to its Richmond area operations. Thermo Fisher acquired the laboratories with the purchase of PPD, Inc. in December 2021.
In response to increased demand for its services, Thermo Fisher’s clinical research business will expand with the establishment of two new bioanalytical labs in Henrico County. The company is renovating the former Toys “R” Us store at 8700 Quioccasin Road and will occupy 2250 Dabney Road next to its existing Henrico County facility. The business also will establish a third bioanalytical lab at the VA Bio+Tech Park in the City of Richmond.
“Thermo Fisher’s expanding footprint and creation of more than 500 new jobs is a major win for the Greater Richmond region and Virginia’s life sciences industry,” said Governor Youngkin. “This sector has gained significant momentum in the Commonwealth due to our research institutions, skilled talent and advanced innovation ecosystem, and we are proud of the company’s developments happening right here in Virginia.”
