02 Mar Small drug firms thriving in area
Posted at 12:55h in Biotech, Digest 0 Comments
Companies rely on innovation in industry
As Schwarz Pharma Inc. grew, Daniel Lawton envisioned a day when the company might be sold and he’d have to leave Milwaukee.
That day came in late 2006, and to Lawton’s surprise, he didn’t go anywhere.
Instead, he and two partners who had helped build a formidable drug pipeline from Schwarz Pharma’s U.S. headquarters in Mequon launched Promentis Pharmaceuticals Inc., a company that’s developing drugs for schizophrenia and other central nervous system disorders from its offices in downtown Milwaukee.
“One of the greatest – and unexpected – things is this all comes together in Milwaukee, allowing us to stay and raise our families in a place we love,” Lawton said.
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