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Caris Life Sciences Accelerates Growth Through Development of Pioneering State-of-the-Art Corporate Park

New precision medicine laboratory to create more than 500 jobs in the DFW Metroplex

 

IRVING, Texas, August 20, 2019 – Caris Life Sciences®, a leading innovator in molecular science focused on fulfilling the promise of precision medicine, today unveiled plans to develop the Caris Life Sciences Corporate Park in Irving, Texas, adding to the company’s growing footprint in the United States. This new facility will enable approximately 115,000 square feet of new R&D laboratory and office space, and create more than 500 new job opportunities. Within the new Caris Life Sciences Park, employees will work to substantially expand the company’s blood-based diagnostic assays as well as blood-based molecular profiling and increase research and development capacity. They will also continue to advance efforts to improve the lives of patients with cancer through Caris’ innovative and market-leading molecular profiling offerings.

 

In addition to Caris Life Sciences Corporate Park, the company’s impressive footprint includes clinical operations, R&D, and medical affairs in an expansive 135,000 square foot complex in Phoenix, a 7,000 square foot Caris Pharmatech operation in Denver, and international offices in Basel, Switzerland. In all, Caris will have a total footprint of more than 300,000 square feet, or an increase of more than 217 percent, in facilities throughout the United States and Europe.

 

In addition to this strategic expansion, the number of employees at Caris has more than doubled in a little more than one year. The company currently employs nearly 700 people, including MDs, PhDs, and research scientists. The more than 500 new associates at the Irving facility will add to the company’s growing team of medical and scientific affairs, pathologists, research scientists, medical oncologists, geneticists, and biostatisticians.

 

“Caris is working to reinvent cancer care,” said David D. Halbert, Chairman and Chief Executive Officer of Caris Life Sciences.  “We have made investments in science, expertise, infrastructure and proprietary technologies that cannot be rivaled, and we are combining these in unique ways to create comprehensive offerings for clinicians and researchers that others cannot. Our new facilities in Irving, Texas will allow us to add to our team of experts, and enhance our ability to deliver more insights to physicians and drug developers that will improve and save lives. We look forward to continuing to expand our portfolio of proprietary offerings, adding new blood-based diagnostics and blood-based molecular profiling, utilizing the company’s ADAPT Biotargeting technology, and other market-leading offerings, including Caris Molecular Intelligence®, Next Generation Profiling™, and whole transcriptome sequencing.”

 

Development is underway on the new facility with the first of three phases expected to be completed in early 2020. The first phase of the project will feature laboratories for blood-based diagnostics, research and development, as well as additional corporate office space. The second and third phase of Caris Life Sciences Park will include additional laboratories dedicated to Caris’ comprehensive tumor profiling offerings, Caris Molecular Intelligence®.

 

“We are pioneers in molecular science with a long history of driving revolutionary change and innovation in precision medicine,” said Michael Halbert, Senior Vice President, Human Resources. “Caris continues to thrive because of this strategic vision and our expansion will ensure that every patient has access to the most advanced cancer care.”

 

To learn more about Caris Life Sciences and the company’s portfolio of offerings, visit www.CarisLifeSciences.com

 

 

About Caris Life Sciences

Caris Life Sciences® is a leading innovator in molecular science focused on fulfilling the promise of precision medicine through quality and innovation. The company’s suite of market-leading molecular profiling offerings assess DNA, RNA and proteins to reveal a molecular blueprint that helps physicians and cancer patients make more precise and personalized treatment decisions. Caris is also advancing precision medicine with Next Generation Profiling™ that combines its innovative service offerings, Caris Molecular Intelligence® and ADAPT Biotargeting System™, with its proprietary artificial intelligence analytics engine, DEAN™, to analyze the whole exome, whole transcriptome and complete cancer proteome. This information, coupled with mature clinical outcomes on thousands of patients, provides unmatched molecular solutions for patients, physicians, payers and biopharmaceutical organizations. Headquartered in Irving, Texas, Caris Life Sciences offers services throughout the U.S., Europe, Asia and other international markets. To learn more, please visit www.CarisLifeSciences.com or follow us on Twitter (@CarisLS).

 

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Company Contact:

Srikant Ramaswami

Vice President, Chief Communications Officer

sramaswami@carisls.com

+1-214-769-5510

 

Investor Inquiries:

David Clair, CFA

Westwicke Partners

david.clair@icrinc.com

+1-646-277-1266

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