There will be no need to take a wrecking ball to Mylan’s former manufacturing plant in Morgantown, West Virginia.
The former factory, which once housed more than 1,400 employees and was closed last summer, has been sold to West Virginia University for $1.
The university and WVU Medicine will oversee the building’s transformation, hoping to turn the 1.1 million-square-foot complex into an incubator for life science businesses large and small.
WVU Medicine CEO Albert Wright called the manufacturing and warehouse facilities “pristine,” and said he envisions the complex having the look of a shopping mall.
“We’re excited about the companies that have expressed interest,” Wright said during a press conference. “Some of the lab space is gorgeous.”