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A nonprofit drugmaker is getting a state funding injection to spur production at its Petersburg facility.
Civica Rx and Gov. Glenn Youngkin announced a $3 million grant from Virginia that would go toward Civica’s effort to develop its own insulin aspart product, which is a type of rapid-acting medical insulin used to treat diabetes.
The drugmaker plans to ultimately manufacture three insulin products at its plant at 1 Civica Way, a few miles south of Historic Old Towne Petersburg. Civica CEO Ned McCoy called the state funding an important step forward in the initiative in remarks during Thursday’s announcement event.
“(The grant) is going to help us begin the development and production of the fast-acting insulin aspart,” McCoy said during the event.
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