Print
Real Estate - Commercial

Firm's Expansion Expected To Lead To New CRO Jobs In Wilmington

By Cece Nunn, posted Aug 22, 2019
PharPoint Research Inc.'s expansion into more space in the office building at 1001 Military Cutoff Road means more jobs in Wilmington. (Photo by Cece Nunn)

A CRO with an office in Wilmington is growing its footprint in the Port City and at its headquarters in Durham.

PharPoint Research Inc., a contract research organization (CRO) that focuses on bringing pharmaceutical and biotechnological products to market through a range of services, is expanding into an additional 2,547 square feet in its Wilmington office, according to a news release Thursday. That brings its total to 8,600 square feet at 1001 Military Cutoff Road.

In Durham, the company has gained nearly 7,000 square feet for a total of 22,000 square feet on the first floor of the Central Park South building, 5003 S. Miami Blvd.

“Additional space was required as PharPoint Research expands our services and clients,” said Art Holmes, PharPoint Research’s president and CEO, in the release.

PharPoint Research, a privately held company that was started in 2007 in an office on Gordon Road in Wilmington, has more than 100 employees, including 40 in Wilmington.

PharPoint officials said in an email Thursday that since 2016, the company has grown 35%, the number of positions in its Wilmington office has increased by 30%, and based on current openings, PharPoint is projected to grow an additional 15% to 20% by the end of 2019. Additionally, the firm's internship program grew by 70% in the past three years.
 
"PharPoint is committed to offering opportunities to recent college graduates in our field," the email stated.

Holmes said North Carolina is rich with talent from its roots as a pharmaceutical hub.

"With excellent local universities expanding their clinical research curriculums, we remain committed to expanding our current offices in both Research Triangle Park and Wilmington," he stated in the release. "These expansions represent a commitment to both our customers and our staff. Our growth is a direct result of the long-lasting relationships we foster with our clients.”

The University of North Carolina Wilmington Chancellor Jose Sartarelli said in July that Wilmington has 30 CROs, and UNCW is "cultivating and providing employees" for that sector.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Billhunter300x300 b&w

Don't Rely On Luck for Your Marketing - Are You Investing Or Gambling?

Bill Hunter - Wilmington Design Company
Mike stonestreet 300x300

What’s in Your Board Member Toolbox?

Mike Stonestreet - CAMS (Community Association Management Services)
Ch headshot

Beyond the Bench: UNC Wilmington Classroom to cGMP Laboratories

Trending News

Boutique Hotel Opening Downtown

Johanna Cano - Sep 13, 2019

In The Current Issue

Brunswick Hospital Offers Diagnostic Heart Catheterizations

Novant Health Brunswick Medical Center has started providing diagnostic cardiac catheterizations and vascular studies, officials recently an...


Boating Trends: Bigger Boats, Fewer Spaces

One of the latest trends in local boating is more boaters are choosing bigger boats, but they continue to have a hard time finding a place t...


A Guide To Local Women's Professional Groups

The number of local groups to help women grow professionally and in the community continues to expand....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

August 26, 2019 Power Breakfast: A Healthy Sale?
WILMA's Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`