Biotech Company Valo Health To Open New Office In Princeton

Princeton NJ

26 August, 2021

3:39 PM

Description

PRINCETON, NJ — A biotech company is all set to open a new office in Princeton. Valo Health, an AI-powered drug discovery company is opening its office at 90 Nassau Street, the company announced recently. The office is 2,600 square feet and has 20 open workstations, three conference rooms, an open team room, and a kitchen. This will be Valo Health's third location, with its largest locations in Boston and San Francisco. According to the company, the Princeton office is expected to become a hub for 20 employees. "It's halfway between Philly and New York, and there are lots of pharma companies in the area," Alex Greenfield, Senior Director, Data Science told Patch. "And Princeton University is right here. So, it just speaks to all the kinds of opportunities that we think we have just being in Princeton." This also comes as positive news for the business community, which recently saw NRG Energy move its headquarters from Princeton to Houston, Texas. NRG's headquarters was located at 804 Carnegie Center, Princeton. Read More Here: Princeton-Based NRG Moving Headquarters To Houston, Texas Greenfield sees Princeton as a hub for innovation from the "from the machine learning perspective" and from a "pharmaceutical and therapeutics perspective." "We're a tech company that's looking to compute patient data to transform drug discovery and development," Greenfield said. Valo Health currently has nearly 299 employees across all offices. The Princeton office will be home to Valo's CFO, head of Data Science, and key therapeutic leaders as well as employees from finance, regulatory and therapeutic teams. Valo employees are expected to head back to the office in October. The company is also hiring to further expand the Princeton team, officials said. Thank you for reading. Have a correction or news tip? Email [email protected] Get breaking news alerts on your phone with our app. Download here. Sign up to get Patch emails so you don't miss out on local and statewide news.