SEVERE WX: Winter Storm Warning View Alerts
STREAMING NOW: Watch Now
CLOSINGS: View Closings

Vyriad moves to former IBM complex

A biotech company is making waves in Rochester and it has a 9-million dollar price tag.

Posted: Jan. 31, 2019 12:21 AM

ROCHESTER, Minn. -

Vyriad, a clinical-stage biotechnology company focused on cancer treatment has just moved to a custom-built facility. It has state-of-the-art labs and offices. The addition got funding from Mayo Clinic, Rochester Area Economic Development and the Southeast Minnesota Capital Fund.

'We developed this technology originally at Mayo Clinic and then when it started to show promise in the clinic, we decided it needed to move into a commercial entity to be further developed," Stephen Russell, the CEO of Vyriad, said.

About 20 people are working in the facilities now but plans to have as many as 50 staffers on the new campus.

Article Comments

Mason City
Overcast
28° wxIcon
Hi: 30° Lo: 10°
Feels Like: 15°
Albert Lea
Overcast
28° wxIcon
Hi: 30° Lo: 7°
Feels Like: 17°
Austin
Overcast
30° wxIcon
Hi: 31° Lo: 10°
Feels Like: 20°
Charles City
Overcast
30° wxIcon
Hi: 31° Lo: 10°
Feels Like: 18°
Rochester
Overcast
28° wxIcon
Hi: 28° Lo: 9°
Feels Like: 16°
Snow may be tapering off, but winds and blowing snow will continue into the night.
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Tracking Heavy Snow This Morning

Image

Tow plow giving MNDOT extra help

Image

Sen. Grassley visits Hampton

Image

Kicks for Kindness

Image

Changes to "Community Focus Team"

Image

Seneca sold; the Corn Cob Tower lives!

Image

Governor passes education bills

Image

Prep basketball scores from Tuesday; Mason City punches state ticket

Image

Welcome Baby Duke

Image

Company chosen for second stage

Community Events