In Peoria, Arizona, local officials are discussing the possibility of hosting a pharmaceutical company that could provide a significant boost to the city's economy. According to the Arizona Republic, Peoria leaders are negotiating with representatives from pharmaceutical firm Blue Ocean Biomanufacturing to bring the company to the city

Blue Ocean Biomanufacturing administrators could offer new employment opportunities to local citizens and make the city more attractive to other pharmaceutical firms. 

Company CEO Tim Coleman said that he envisions his firm investing between $5 million and $20 million in the development of state-of-the-art facilities to create quality, specialized drugs. 

"The things that [our workers are] doing out there lend themselves very well to think about how can you create a product that maybe only 500 people might need," Coleman told the newspaper.

Pharmaceutical companies like Blue Ocean Biomanufacturing may consider promoting their products to patients and doctors in the future. The Wall Street Journal reports that former New York Governor David Patterson recently shared his views on the pharmaceutical industry with medical students and told these pupils that more firms could pursue financial grants. Additionally, pharmaceutical businesses can seek skilled professionals to provide world-class support to clients around the world. 

Content provided by executive search organization, MRINetwork.

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