Specialty pharmaceutical company Mayne Pharma plans to add 110 jobs at its Greenville campus by investing $65 million in a new manufacturing plant.
Mayne, which already has 350 employees in Greenville, will pay average annual salaries of $60,000 to the new hires, according to Thursday’s announcement from the office of Gov. Pat McCrory. The average annual wage in Pitt County is $35,154.
Mayne will receive up to $550,000 in incentives from the state’s One North Carolina Fund if it meets its hiring and investment targets. One NC grants also require a matching grant from local governments.
Mayne, which is based in Australia, has maintained a presence in Greenville since 2012 when it acquired Metrics for an initial payment of $105 million, plus up to $15 million in contingency payments based on future performance. Metrics was formed in 1994 by a Burroughs Wellcome scientist, Phil Hodges, and a professor at East Carolina University, John Bray.
The new manufacturing facility in Greenville, which is expected to be fully operational in 2018, will manufacture and package both Mayne brand specialty drugs and generic drugs, as well as providing contract manufacturing services for clients.