What is the story about?
What's Happening?
Precision Biologics Manufacturing, a subsidiary of New Horizon Medical Solutions, has announced the groundbreaking of a new biologics manufacturing facility in Southern Nevada. This facility aims to develop advanced biologics technology and create 200-300 healthcare-centric jobs by 2026. The initiative is part of New Horizon's strategy to expand U.S.-based biologics production and strengthen its position in the global MedTech industry.
Why It's Important?
The expansion of Precision Biologics Manufacturing represents a significant investment in the U.S. healthcare sector, particularly in biologics and wound care. By creating hundreds of jobs, the facility will contribute to the local economy and support the growing medical market in Nevada. This development aligns with broader efforts to enhance local manufacturing capabilities and foster innovation in healthcare technologies.
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