The local retail and biotechnology industries are in the news this week, with two new shops now open in the busy southwest Gainesville shopping corridor.
One large biotech company that last year joined the effort of producing treatments for COVID-19 has been acquired by another group, while a Gainesville-based company reported strong revenues during the first quarter of 2021.
Here’s a look at recent business news:
New openings from Butler Enterprises
Two new stores from Butler Enterprises are now open.
Tillys, a leading retailer specializing in casual apparel, footwear and accessories is now open in Butler North at 3965 Plaza Blvd., Suite 50. The west coast brand carries an assortment of brands popular with young women and men, as well as children. The products are rooted in an active and social lifestyle.
The store will offer products from brands such as Volcom, Vans, Adidas, Champion, RVCA, Hurley, FOX, DC and Infamous.
Also coming to Butler Town Center:Orlando’s Foxtail Coffee coming to Gainesville
Narcissus, a women’s clothing, accessories, beauty, and home accents boutique opens in Butler Town Center on Saturday. A grand opening event will run Saturday from 10 a.m. to 7 p.m., and feature giveaways, discounts, gifts, a ribbon-cutting and trunk shows from Nouvelle, Miss June, Liverpool and Virtue.
Narcissus offers a large selection of chic and sophisticated products for a laid-back, lifestyle. The store features styles from popular brands like Tory Burch, Trina Turk, Free People, Alternative Apparel and many more.
Narcissus is located at 2851 SW 35th Drive, Suite #4, across from Anthropologie and next to CycleBar and Pink Narcissus.
Resilience acquires Ology Bioservices
Alachua-based Ology Bioservices, which develops and manufactures drugs and biologics for commercial customers as well as the U.S. government, has been acquired by biomanufacturing company Resilience.
The company also specializes in biologic drug substance manufacturing from early stage through commercial products.
In case you missed it:Pandemic a boon for area’s biotech industry
Ology’s infrastructure — including 300 skilled employees and 200,000 square feet of space in Florida, California and Maryland, will provide services for Resilience’s customers, including regulatory support from preclinical through licensure, clinical trial operational support and bioanalytical testing.
In November, Ology was awarded a $37 million contract by the U.S. Department of Defense to develop an advanced COVID-19 monoclonal antibody cocktail.
Axogen reports significant revenue in early 2021
Axogen, a Gainesville-based nerve repair company, announced $31 million in revenue for the first quarter of 2021 in a recent earnings call.
The revenue represented a 28% increase compared with the year prior, with profits being driven by Axogen’s Avance Nerve Graft, an off-the-shelf nerve allograft intended for the surgical repair of peripheral nerve damage.
“Throughout the pandemic and despite access restrictions and limited surgical schedules, we’ve been able to effectively support our customers and remain close to surgeons as they continue their path of adoption,” Chief Executive and President Karen Zaderej said during the earnings call.