Governor Martin O’Malley recently announced that Brace Pharmaceuticals, an investment company created by Brazil’s largest domestic pharmaceutical company, EMS S/A, has opened its U.S. headquarters in Montgomery County and plans to invest $200 million into the new operation.
Located in the Rockville Innovation Center, Brace is focused on the late-stage clinical development of pharmaceutical products with the potential for near-term commercialization. Brace invests in research and development companies’ efforts to successfully complete their clinical trials and seek FDA marketing approval.
"I congratulate the Governor and his team on this economic development achievement," said Montgomery County Executive Ike Leggett. "We welcome Brace Pharmaceuticals to our large and growing family of life sciences firms in Montgomery County."
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