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Thermo Fisher Scientific to Invest Nearly $100 Million to Expand Clinical Lab Space in Richmond

Biotech Giant to Add Three Labs to Support Pharma and Biotech Customers in Drug Development
Renovation work is already underway on a former Toys R Us in Richmond that will house one of Thermo Fisher's new labs. (CoStar)
Renovation work is already underway on a former Toys R Us in Richmond that will house one of Thermo Fisher's new labs. (CoStar)
By Carl Lingerfelt
CoStar Research
March 15, 2022 | 4:14 P.M.

Thermo Fisher Scientific is committing nearly $100 million to expand its clinical research laboratory operations in Richmond, Virginia, as part of a global push to grow its lab capacity as pharma and biotech customers work to accelerate drug development.

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