LAM Pharmaceutical Corp. plans to open a research and development laboratory in the Town of Lewiston in early April, focusing on drug delivery and wound-healing products.
The seven-year-old company, which also has a lab in Miami and a business office in Toronto, will employ six people in Lewiston at the outset and expects employment to increase to a total of 12 to 15 people at that location, said Alan Drizen, LAM's president and chief executive officer.
"Now with the activity of the company and the growth of the company, we find it necessary to expand our research and development resources," Drizen said, referring to the Lewiston project.
Drizen said he'd eventually like to see a high-tech park created in the town where LAM could move after its Lewiston operation grows.
"(LAM) has not only the promise but the plan to expand in Lewiston," said Robert Rubin, president of Business and Community Development Initiatives, which provides economic development services for the town.
LAM has spent about $500,000 on its space on Center Street and plans to pay its employees salaries ranging from $30,000 for support personnel to $60,000 or more for scientists, Drizen said.
Drizen said company officials were pleased with the reception they received from town officials when they were scouting locations. "We feel like VIPs in Lewiston," he said.