Cofactor Genomics Opens New Lab In St. Louis
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ST. LOUIS (KMOX) - Missouri Governor Jay Nixon grabbed a confetti cannon and set it off on the count of three Thursday morning, helping to welcome a new bioscience lab to midtown St. Louis.
“Missouri’s low taxes, highly skilled workforce and targeted investments in growing industries like the biosciences helped our state achieve the third fastest technology job growth in the nation last year,” Nixon said. “Today’s announcement of new jobs and new investments by another successful bioscience company is good news for St. Louis and the entire state of Missouri.”
Cofactor Genomics is a contract research organization (CRO) that was founded in St. Louis in 2008 to provide beginning-to-end DNA sequencing, analysis and experimental design solutions for both public and private clients.
Washington University chancellor Mark Wrighton, who also spoke during Thursday’s ribbon-cutting, said it’s an area where great leaps and bounds have been made in recent years.
“In 2003 it was said that the sequencing of the human genome was complete, but no single person’s genome had actually been sequenced,” Wrighton recalled. “We’re now doing complete human genome sequences of individuals in basically a day or so at a cost of maybe three-to-five thousand dollars.”
Cofactor Genomics CEO Jarret Glasscock recalled a recent incident involving a Brazilian researcher that made him realize Cofactor had arrived on the world stage.
“She said that when her team sat down and they had a meeting in Brazil and they knew that they had to get serious about genomics, they knew that they would be planning a trip to St. Louis,” Glasscock said. “That really melted my heart. That was exactly what I wanted to hear about what we were trying to accomplish for Cofactor and really being an integral part of St. Louis.”
Cofactor has invested $3.8 million to bring it’s new 10,000 square-foot headquarters and laboratory at 4044 Clayton Ave. at Sarah in midtown.
They will add 24 new jobs soon, tripling the current workforce.