Ablynx expands and relocates to new facilites

18-Oct-2006

Ablynx announced the relocation of its corporate headquarters and R&D to larger facilities in the Technology Park in Zwijnaarde near Ghent, Belgium. The move reflects Ablynx' strategic expansion and follows its successful EUR 40 million Series C financing announced in August.

The Company will run all R&D operations as well as commercial and financial activities from the new location. The new 2,800 m2 building is two and a half times larger than Ablynx' previous facility and has capacity to house 150-200 people, enabling Ablynx to expand its workforce to double the current head count of 80 people. Ablynx will be recruiting R&D and G&A staff at all levels over the coming months, in line with the planned expansion of its in-house R&D programs.

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