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Wednesday, February 1, 2017

New Inova research facility moving forward


The Fairfax County Board of Supervisors has approved zoning changes that will allow the Inova Health Care System proceed with development of an advanced research and treatment center on the site of the former ExxonMobil campus on Gallows Road in Merrifield.

The board’s action allows Inova to convert office space on the 117-acre property for research and education uses. It gives Inova the flexibility to use 450,000 square feet for research and 75,000 square feet for college and university uses.

The hospital system is investing more than $1 billion into its ventures at the new center, which the company hopes will become an international destination for personalized medicine. The facility will bring together doctors, scientists, and biotechnology companies to study, prevent, and treat diseases based on a person’s genetic makeup.

The center includes the Translational Medicine Institute, Schar Cancer Institute, an education center, and a startup accelerator.

The new facilities are expected to pump an estimated $918 million into the local economy.

During the past two years, Inova entered into partnerships with George Mason University and the University of Virginia to bring researchers, clinicians, and entrepreneurs to Inova’s campus.

George Mason will create a joint center for proteomics, the study of proteins, and UVA will develop a genomics and bioinformatics research institute, as well as establish a regional campus for its medical school.

The new center also will house an investment fund and startup accelerator to work with six to eight companies a year to provide education, startup capital, and access to Inova’s resources. Inova plans to invest $100 million over the next three to five years directly in companies and in health and technology venture funds.

“The board’s approval facilitates the transformation of this campus to a hub for innovation, research, and education that will benefit Fairfax County and the Commonwealth of Virginia,” said Todd Stottlemyer, CEO, Inova Center for Personalized Health.

“Inova brings innovation, cutting-edge technology, and groundbreaking research to Fairfax County,” said Fairfax County Board of Supervisors Chair Sharon Bulova. “I am grateful for their tremendous contributions in medicine and health, which add to the overall economic success of Fairfax County and the region.”

5 comments:

  1. With this big campus, drawing more people to work/study in Annandale, I wonder if this will draw more people to live in Annandale and increase the home values.

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  2. 7 Corners 72/1/17, 1:53 PM

    Huge win for the area. I am sure someone will say something negative but this I think this is great news.

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  3. Something negative. I couldn't help myself.

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  4. This to me is exciting I for one can not wait for this place to open.

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  5. Exciting news!!!

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