Thursday, April 24, 2014

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Bio tech company poised for big time boom

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TWC News: Bio tech company poised for big time boom
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There’s a little known bio tech company in southeast Austin that could soon be making big time waves in the market.

Austin Business Journal Editor Colin Pope said XBioTech is working on drugs that can cure everything from cancer to acne.

The company’s CEO, John Simard, is so confident about the product that he is looking to expand. XBioTech hopes to build a campus that could potentially employ 2,000 people.

Simard is also seeking monetary support from government officials for the campus, and so far has $50 million behind the company. Find out more in this edition of “Business Now” in the video above.

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