Posted on 03/31/2022
(Editor’s Note: A media session with WVU VP of Strategic Initiatives Rob Alsop and WVU Health Systems President and CEO Albert L. Wright, Jr. will be held via Zoom on March 31 at 3:00 p.m. ET. Contact contact April Kaull at akaull@mail .wvu.edu for login details.)
MORGANTOWN, W.Va. – The next chapter for Mylan’s former pharmaceutical manufacturing facility began Thursday, March 31, when a West Virginia University facility officially took ownership of the property on Chestnut Ridge Road in Morgantown.
The transfer, priced at $1, comes after the university signed a letter of intent with Viatris last year to pursue a potential transfer of the former Mylan facility. Completion of the purchase agreement is intended to result in the development by both parties of short-, medium- and long-term academic, employment and community opportunities for Morgantown and the surrounding area, as well as tuition grants for affected Mylan employees.
Robert J. Coury, Executive Chairman of Viatris, said, “Our goal has always been to find a responsible new steward for this unique location who will ensure the best possible future for the facility, our affected employees and the Morgantown community, a community which remains active would secure an important and vital role for Viatris. I would like to personally thank Gordon Gee and his entire leadership team for their extensive work and research to outline a vision for the future of this site that does just that. Today’s announcement has the potential to create new academic, economic and job-creating opportunities not just for Morgantown but for the entire state of West Virginia. I would also like to thank the University for their commitment to providing our affected employees with a pathway for upskilling and reskilling to improve their future employment opportunities.”
WVU and West Virginia University Health System, commonly referred to as WVU Medicine, will work together to oversee future development through a redesigned WVU Innovation Corporation, which will handle day-to-day operations at the facility.
“We are pleased that Viatris has placed its trust in West Virginia University by partnering with us on this opportunity that combines WVU’s educational, entrepreneurial and research efforts in new ways to make a difference in our community moving,” said Rob Alsop, WVU vice president for strategic initiatives. “Governor Jim Justice, the West Virginia Department of Economic Development, Senators Manchin, Capito and Congressman David McKinley, as well as local leaders here in Monongalia County have been great partners in developing plans and identifying residents for this exciting project.”
According to Albert L. Wright, Jr., President and CEO of WVU Health System, discussions are ongoing with potential tenants to lease space within the 1.1 million square foot facility.
“This property has great potential for Morgantown, the region and the state. There is already a tremendous amount of groundbreaking research being done by the university and the WVU healthcare system. Our hope is that WVU Innovation Corporation will be an incubator that leverages this research, creating jobs and leading to the development of goods and services that benefit the people of West Virginia,” Wright said. “We are grateful for the support we have received from the Governor, Senators Capito and Senators Manchin, Congressman McKinley and the state, and we look forward to seeing the room full of activity again.”
WVU Innovation Corporation will reorganize its board of directors and begin day-to-day management of the property in the coming days.
- April Kaull, Executive Director of Communications, WVU University Relations and Enrollment Management, 304-293-3990, April.Kaull@mail.wvu.edu
- Angela Jones-Knopf, Corporate Director of Media Relations and Public Affairs, WVU Medicine, 304-285-7259, firstname.lastname@example.org