10.28.13
Columbia, Md.-based ACell Inc. has broken ground on an expansion of its Duncan Park, Lafayette, Ind. Manufacturing operations. The expansion includes $6 million in equipment, 50 new jobs on top of its current employment of 70, and 14,000 square feet of new space, bringing its facility size to 42,000 square feet by spring.
Duncan Park developer INOK Investments LLC is spending another $3 million to construct the ACell addition and a new stand-alone building in the 79-acre park.
“Today’s announcement is akin to opening one gift after another, each one more spectacular,” said Lafayette mayor Tony Roswarski. “First, we have the facility investment by INOK Investments LLC. Next we have an announcement that a young company will keep growing here—and it’s not only a business with huge potential, it’s a next-generation science business that is successfully pioneering advances in the medical world. Its products heal wounds, restore function and improve human lives.”
“It’s a next-generation medical business that has great products, great opportunities, and it helps diversify our economic base,” Roswarski added. “This is the type of company every community would love to have.”
ACell was founded in 1999 by physician Alan Spievack, who has since died. The company develops and manufactures regenerative medicine products that are used to repair and remodel damaged tissue. It opened its Lafayette operations, the company’s only other site, in May 2006, in a 2,500 square-foot-facility in Duncan Park, and has increased its space incrementally since then.
ACell uses tissue from the bladder of a pig, removes cells rich in protein and creates an extracellular matrix that is similar to the human body, said Rodney Bosley, president of ACell.
“When you put our material into the body, instead of the body wanting to heal the scar, our proteins in the material invite the body’s own stem cells into the site, and those stem cells help the body heal naturally,” Bosley said.
ACell’s MatriStem ECM medical devices are designed to maintain and support a healing environment through constructive remodeling and are available in particle and sheet forms for the treatment of acute wounds and various surgical procedures.
Duncan Park developer INOK Investments LLC is spending another $3 million to construct the ACell addition and a new stand-alone building in the 79-acre park.
“Today’s announcement is akin to opening one gift after another, each one more spectacular,” said Lafayette mayor Tony Roswarski. “First, we have the facility investment by INOK Investments LLC. Next we have an announcement that a young company will keep growing here—and it’s not only a business with huge potential, it’s a next-generation science business that is successfully pioneering advances in the medical world. Its products heal wounds, restore function and improve human lives.”
“It’s a next-generation medical business that has great products, great opportunities, and it helps diversify our economic base,” Roswarski added. “This is the type of company every community would love to have.”
ACell was founded in 1999 by physician Alan Spievack, who has since died. The company develops and manufactures regenerative medicine products that are used to repair and remodel damaged tissue. It opened its Lafayette operations, the company’s only other site, in May 2006, in a 2,500 square-foot-facility in Duncan Park, and has increased its space incrementally since then.
ACell uses tissue from the bladder of a pig, removes cells rich in protein and creates an extracellular matrix that is similar to the human body, said Rodney Bosley, president of ACell.
“When you put our material into the body, instead of the body wanting to heal the scar, our proteins in the material invite the body’s own stem cells into the site, and those stem cells help the body heal naturally,” Bosley said.
ACell’s MatriStem ECM medical devices are designed to maintain and support a healing environment through constructive remodeling and are available in particle and sheet forms for the treatment of acute wounds and various surgical procedures.