CDMO secures $31M Series A to build out Oklahoma manufacturing facility

URLhttps://endpts.com/cdmo-secures-31m-series-a-to-bu
SourceEndpoints News
Date Published04/13/2023
Author NameTyler Patchen
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Wheeler Bio
Parent companyWheeler Bio
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):20
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2023
Capital investment ($):31
City reshored to:Oklahoma City
State(s) reshored to:OK
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredantibody contract manufacturer
What domestic positive factors made reshoring more attractive?Customization/Flexibility, Eco-system synergies, Higher productivity
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