RESEARCH TRIANGLE PARK, N.C. – Athneix, a developer of agricultural and sustainable industrial products, is moving into larger office space in RTP, leaving its former offices in Durham.
Athentix, which closed on $13.3 million in venture funding in January of 2006, will occupy 30,000 square feet of space at 108 T. W. Alexander Drive. The space includes a greenhouse. It also has greenhouse space at Duke University. Athenix launched operations in 2001.
“Past growth, coupled with a very rich R&D pipeline, has Athenix very excited about its future,” said Mike Koziel, president and chief executive officer for Athenix. “This company is in a very good place, and poised for impressive growth.”
Athenix has 50 employees after adding 12 positions in 2006. The firm plans to hire at least 10 more people this year.
Investors include Intersouth Partners of Durham as well as Finistere Partners, Polaris Ventures, Boston Millennia Partners, Hunt Ventures and Eastman Ventures.
“While our new facilities will include greenhouse space,” Koziel explained, “we’ll continue operations at Duke and build on the relationship between Athenix and the university. However, it’s important to have greenhouse capabilities on site. The added space is necessary to accommodate the projected growth of Athenix.”
In November, Athenix said it was launching field trials for products designed to help make corn more resistant to pests and more tolerant of the herbicide glyphosate. Athenix plans to sell transgenic corn products.