Abingdon Health plc (“Abingdon”), a UK-based leading developer and manufacturer of medical devices worldwide, just announced its expansion to Madison, WI. The company has signed a lease at University Research Park and expects to become fully operational in early 2025.
“We are excited to be opening our Abingdon Health USA commercial office and laboratory in Madison. We look forward to being closer to our existing and future customers and contributing to this rapidly growing bio and animal health community with our unique end-to-end value proposition for point-of-care diagnostics.” – Chris Yates, CEO of Abingdon Health
Madison Region Economic Partnership (MadREP) played a key role in facilitating Abingdon Health USA’s decision to set up operations in Madison. MadREP’s economic development plan, Elevate Strategy, outlines the goal of increasing the bioscience sector in the broader Madison region.
“Attracting Abingdon Health USA to the Madison Region underscores our organization’s commitment to enhancing the bioscience sector and positioning Madison as a global leader in life sciences. This collaboration aligns with our ‘Elevate Strategy,’ as it leverages Madison’s rich bioscience infrastructure and fosters innovation by bringing world-class companies to the region. Abingdon Health’s decision to expand here highlights the unique advantages Madison offers to bioscience companies, including a highly skilled workforce, cutting-edge research, and a rapidly growing ecosystem.” – Everett Butzine, VP of Economic Development at MadREP
“All along the way, we have appreciated and benefited from the support of MadREP. Abingdon Health USA is eager to continue our partnership with MadREP and leverage its extensive regional network to bring complementary expertise and economic development to the region.” – Chris Yates, CEO of Abington Health
Findorff has also worked closely with MadREP and Abingdon Health USA, and played a significant role in the company’s decision to select Madison.
“I’ve been in the region so long, and after going through this process with Abingdon I’m reassured how special Wisconsin is for development. We look forward to working with MadREP to bring the next company to Wisconsin.” – Chad Eschler, VP of Business Development at Findorff
MadREP is dedicated to maximizing the potential of Madison’s bioscience sector, highlighting the region’s unique advantages compared to other areas. With over 330 establishments and a rapidly growing industry, Madison has emerged as a significant player in the bioscience field.
Employers and employees are increasingly drawn to the Madison area, which boasts a job market 64% above the national average. Forecasts indicate a remarkable 19% growth in the bioscience industry over the next five years. Companies like Abington Health plc are just one example of the vibrant growth and opportunity in this sector.
Madison, WI, is nationally recognized as a hub for bioscience companies, fostering a culture of education and innovation. In 2020 alone, over 1,900 industry-recognized degrees and certifications were awarded, supported by esteemed research institutions such as the University of Wisconsin-Madison. This influx of talent from around the globe contributes to the ongoing success of Madison’s bioscience community.
To find out more about Abingdon Health, check out their website: https://www.abingdonhealth.com/
Press Release: https://www.londonstockexchange.com/news-article/ABDX/opening-of-us-commercial-office-and-laboratory/16714258
To find out more on University Research Park, check out their website: https://universityresearchpark.org/
