N.O. company's expansion plans call for more than 400 new jobs - FOX 8 WVUE New Orleans News, Weather, Sports, Social

N.O. company's expansion plans call for more than 400 new jobs

BioInnovation Center (FOX 8 photo) BioInnovation Center (FOX 8 photo)

The New Orleans-based company Renaissance RX is planning a major expansion that economic development leaders believe will have a big impact on the local economy.

"Four hundred twenty-five direct, new jobs - that's on top of the 80 people they already have in New Orleans with an average salary of $54,000 a year. So, it's a very exciting new professional opportunity and a great company to come into the fold and create more middle-class jobs for New Orleanians," said GNO Inc. Senior Vice President of Business Development Matt Rookard.

On Tuesday, Renaissance RX founder and CEO Dr. Tarun Jolly reflected back the company's beginnings and talked about how far it has come.

"In 2012, we started [in New Orleans] with just five people and now, in a little bit over two years, we're responsible for over 800 people employed throughout the U.S.," he said.

Jolly, a New Orleans native, said the company deals in a form of personalized medicine, where DNA tests lay out the path for treatment.

"We go and test somebody's DNA to decide how to go and dose their medications, because ultimately in the end, it matters what your metabolism is, instead of what the size and weight of somebody actually is," he said.

Renaissance Rx plans to move its administration headquarters from the BioInnovation Center incubator on Canal Street to 301 St. Charles Avenue in a few months, while plans are in the works to build a new lab somewhere near the future LSU and VA Hospitals.

New Orleans CityBusiness Editor Greg LaRose said Renaissance Rx seems to have already tapped into what is ultimately the much larger plan for the bio-medical corridor.

"[The expansion] really stands out as an example of what I think economic developers would like to see happen more frequently here in New Orleans," LaRose said. "Companies that aren't just hiring five or ten people, but like this one - hiring hundreds of people and bringing them to New Orleans and then establishing New Orleans as this epicenter for this type of development."

Jolly believes the technology his company is using will soon be a standard in medicine nationwide. It's a reason he sees huge potential as the massive complex comes online.

"When you go and have such a big development that is going to have so many hospitals collaborating to bring patients and scientific research here, it's really a perfect melting pot for what it is that we're doing," Jolly said.

Copyright 2014 WVUE. All rights reserved. 

  • Trending StoriesTrending StoriesMore>>

  • Police: 8 dead in truck, 20 dire in immigrant smuggling case

    Police: 8 dead in truck, 20 dire in immigrant smuggling case

    Sunday, July 23 2017 5:50 AM EDT2017-07-23 09:50:46 GMT
    Sunday, July 23 2017 10:52 AM EDT2017-07-23 14:52:34 GMT

    Eight people have been found dead in a tractor-trailer outside a Walmart in Texas in what police are calling a tragic human trafficking case.

    more>>

    Eight people have been found dead in a tractor-trailer outside a Walmart in Texas in what police are calling a tragic human trafficking case.

    more>>
  • After Craigslist scam, man can't enter his own home

    After Craigslist scam, man can't enter his own home

    Saturday, July 22 2017 8:29 PM EDT2017-07-23 00:29:14 GMT
    Saturday, July 22 2017 8:29 PM EDT2017-07-23 00:29:14 GMT

    The people inside rented the home from a mystery person on Craiglist. As the law stands, because they refuse to leave, Keith Mills now has to go to court to prove he’s the rightful owner.

    more>>

    The people inside rented the home from a mystery person on Craiglist while owner Keith Mills was on vacation.. As the law stands, because the renters refuse to leave, Mills now has to go to court to prove he’s the rightful owner.

    more>>
  • NASA issues warning: You may have a bad pair of eclipse glasses

    NASA issues warning: You may have a bad pair of eclipse glasses

    Friday, July 21 2017 11:22 AM EDT2017-07-21 15:22:03 GMT
    The path of the total solar eciipse on August 21, 2017 crosses directly over Columbia and the Midlands. (Source: NASA)The path of the total solar eciipse on August 21, 2017 crosses directly over Columbia and the Midlands. (Source: NASA)

    As the world, the United States, and South Carolina prepared for arguably the coolest celestial event in decades, our old friends at NASA want you to know that pairs of unsafe solar eclipse glasses are being distributed. 

    more>>

    As the world, the United States, and South Carolina prepared for arguably the coolest celestial event in decades, our old friends at NASA want you to know that pairs of unsafe solar eclipse glasses are being distributed. 

    more>>
Powered by Frankly