NovaBone expanding into larger facility in Alachua
Published: Monday, October 21, 2013 at 2:29 p.m.
Last Modified: Monday, October 21, 2013 at 2:29 p.m.
To accommodate its rapid growth and upcoming family of products, NovaBone Products is preparing to move Alachua County operations to a 30,000-square-foot facility in Alachua.
“We’re bursting at the seams,” CEO Art Wotiz said of the growth, stemming from both U.S. and international sales.
NovaBone is spending about $400,000 to renovate the Webster building - a former veterinary supply warehouse - on U.S. 441 for an expected move-in of early 2014. The two current, much-smaller operations in Alachua - a 7,500-square-foot operations space in Progress Corporate Park and 3,500-square-foot facility for research and development in Gainesville - will both move into the new space.
“Our first thought was to find a place that could accommodate our growth without disrupting our employees’ lives any more than necessary,” Wotiz said.
For the past four or five years, he said NovaBone has seen annual growth of about 40 percent. The company’s technology uses silicon, calcium and phosphate ions to stimulate healing in bone tissue for orthopedic, spine and dental surgeries.
Wotiz said a new group of products that uses collagen, which absorbs and holds blood, is in the works to enhance existing technology as well as to be sold on its own.
“We anticipate that our sales will grow pretty sharply as a result of this new technology as we get it approved by the FDA and can bring it out onto the marketplace,” he said.
The products aren’t on a firm schedule but should be out sometime in 2014, he said.
With about 30 employees overall, NovaBone has a small headquarters office in Jacksonville and other locations in Shanghai, China and Bangalore, India.
There isn’t an exact number of expected new hires that will come from the move or the collagen technology, but with NovaBone “consistently adding people every year,” Wotiz expects to bring on additional people.
“As long as we keep growing,” he said, “I expect that trend to continue.”