Ohio Innovation Fund leads $7M round in Athens drugmaker

A pharmaceutical maker addressing critical drug shortages will fledge from an Ohio University incubator and add as many as 100 jobs in rural Athens County after closing a $7 million funding round.

RXQ Compounding LLC will use the round to add to its management team and expand operations in its new manufacturing facility in Albany, a village with just more than 800 residents about 10 minutes from Athens.

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Story excerpt provided by Columbus Business First.
Written by Carrie Ghose.
Originally published July 23, 2018.